Lot 199 185 Old Youghal Road, Shandon, Cork City, Co. Cork, T23 W0VH

Bidding Closed

SOLD FOR

€270,000

Property Enquiries

Robert Hefferon

robert.hefferon@bidx1.com
+353 (0)1 667 3388
+353 (0)87 799 0435

Viewing/ Registration Enquiries

BidX1 Support Team

info@ie.bidx1.com
+353 (0) 1 667 3388

Vendor Solicitor

Paul Lilly

plilly@osmpartners.ie
+353 (0)1 691 5900
Description
Map
Viewings

Property Summary
  • A mixed use investment.
  • Comprising a ground floor retail unit together with 3 x 2 bedroom apartments overhead.
  • Extending to approximately 160 sq. m (1,722 sq. ft) in total.
  • Ground floor let to an individual t/a Executive Laundry & Dry Cleaning.
  • Lease expiry 2025.
  • 3 year advertisement licence agreement with JCDecaux at an annual rent of €2,600.
  • Total current rent reserved €10,504 per annum with vacant possession of 3 x 2 bedroom apartments.
Location
  • Cork is the second largest city in Ireland with a population of some 210,000 people (as of the 2016 Census).
  • The M8 is situated approximately 7km to the east of the city centre and provides access to Dublin and the north east.
  • The property is situated on Old Youghal Road on the northern side of the city directly opposite Collins Barracks. 
  • Surrounding occupiers include An Post, Styles Hair Design & Gala.
Description

The property is arranged over ground, first and second floors to provide a mixed use building. Internally the property comprises a ground floor retail unit together with 3 x 2 bedroom apartments overhead.

Total floor area extending to approximately 160 sq. m (1,722 sq. ft).

Accommodation

VAT
Please refer to Legal Documents
Property Table
FloorPresent LeaseeAccommodationSq.mSq.ftLease TermsCurrent rent reserved € p.a.
GroundIndividual t/a Executive Laundrette & Dry CleaningRetail4548420 years from 14.03.2005€7,904
FirstVacant2 bedroom apt39420n/an/a
SecondVacant2 bedroom apt39420n/an/a
SecondVacant2 bedroom apt37398n/an/a
GroundJCDecauxAdvertisment n/an/a3 year rolling licence from 17.02.2020€2,600
Total  1601,722 €10,504

 

BER
Number

Available from BidX1

Energy Performance Indicator

1089.07 kgCO2/m2/yr


No information, statement, description, quantity or measurement contained in any sales particulars or given orally or contained in any webpage, brochure, catalogue, email, letter, report, docket or hand out issued by or on behalf of BidX1 or the vendor in respect of the property shall constitute a representation or a condition or a warranty on behalf of BidX1 or the vendor. Any information, statement, description, quantity or measurement so given or contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the vendor are for illustration purposes only and are not to be taken as matters of fact. Any mistake, omission, inaccuracy or mis-description given orally or contained in any sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the vendor shall not give rise to any right of action, claim, entitlement or compensation against BidX1 or the vendor. All bidders must satisfy themselves by carrying out their own independent due diligence, inspections or otherwise as to the correctness of any and all of the information, statements, descriptions, quantity or measurements contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the vendor.


Contact Robert about this property