Newberry Industrial Estate, Mallow, Co. Cork
-
Auction
- Lot 292
- Ireland
- Industrial
- Commercial
Sold for €154,000
Property Summary
- A warehouse investment.
- Comprising warehouse and office accommodation.
- Extending to approximately 1,192 sq. m (12,831 sq. ft).
- Let to Irohaul Limited.
- Lease expiry 2025.
- Located on the outskirts of Mallow town centre close to the N72.
- Current rent reserved €6,000 per annum.
- Net initial yield 5.5%.
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Property description
The property is arranged over ground and first floors to provide a mid terrace warehouse unit. Internally the property comprises 7 x office rooms and a warehouse at ground floor level, together with 4 x offices at first floor level.
Total floor areas extending to approximately 1,192 sq. m (12,831 sq. ft).
Tenancy
The entire property is at present let to Irohaul Limited for a term of 10 years from 25.08.2015 at a contractual rent of €6,000 per annum, exclusive of rates and VAT. The lease contains internal repairing and insuring covenants.
VAT
BER Rating
BER Identification Number
800782385
Energy Performance Indicator
375.31 kWh/m²/yr
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*Terms & Conditions
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.
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