Auction
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117 Patrick Street, Cork City, Co. Cork, T12 RH9P

  • Auction
  • Lot 23
  • Ireland
  • Mixed Use
  • Commercial

Sold for €425,000

Property Summary

  • Online Auction Date: 24th February 2022.
  • A prime city centre mixed use investment.
  • Comprising a ground floor retail unit together with offices overhead.
  • Extending to approximately 289 sq.m (3,110 sq.ft) in total.
  • Prime retail location on Patrick Street.
  • Benefits from a high volume of footfall.
  • Ground floor let to Slaneybridge Ltd t/a Hale.
  • Lease expiry April 2021 (overholding). 
  • Third floor office let to an individual. 
  • 35 year lease from 1982 (overholding).
  • Total current rent reserved €19,900 per annum with vacant possession of first and second floor.
  • Reversionary potential. 

Contact Us

Emma Byrne
Emma Byrne
Property Agent, here to help.
Yasmin Whyte
Yasmin Whyte
Property Agent, here to help.
Domhnaill Small
Vendor's Solicitor

Contact Us

Emma Byrne
Emma Byrne
Property Agent, here to help.
Yasmin Whyte
Yasmin Whyte
Property Agent, here to help.
Domhnaill Small
Vendor's Solicitor

Downloads

Property description

The property is arranged over ground and three upper floors to provide a mid-terrace mixed use building. The property comprises a ground floor retail unit, 1 x first floor office, 1 x second floor office and 1 x third floor office. 

The property is located in the heart of Cork City situated on Patrick Street close to the junction of Drawbridge Street. Surrounding occupiers include Brown Thomas, JD Sport, Easons and Dealz to name but a few.

Total floor area extending to approximately 289 sq.m (3,110 sq.ft) in total.

All intending purchasers are advised to satisfy themselves as to the accuracy of the measurements provided.

 

BER Information

BER – C2 - G

BER Number - Available from BidX1

EPI - 772.34 kWh/m²/yr - 1492.39kWh/m²/yr

Accommodation

Additional Details

Floor AccommodationTerms of TenancyCurrent Rent Reserved € p.a.
Ground Floor Retail Unit6 month agreement from 18/10/2020€18,000 
First Floor OfficeVacant  -
Second Floor OfficeVacant - 
Third Floor Office35 year lease from 1982 (overholding) €1,900
  Total€19,900 p.a 

 

VAT

Please refer to Legal Documents

BER Rating

C2 - G

BER Identification Number

Available From Bidx1

Energy Performance Indicator

772.34 kWh/m²/yr - 1492.39kWh/m²/yr

Helpful links

*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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