121 Patrick's Street, Cork, Co. Cork, T12 DX64
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Auction
- Lot 104
- Ireland
- Mixed Use
- Commercial
Sold for €445,000
Property Summary
- Online Auction Date: 19th May 2022
- A prime city centre mixed use investment.
- Comprising a high profile four storey mid terrace commercial property.
- Extending to approximately 301 sq.m (3,240 sq.ft) in total.
- Prime retail location on Patrick Street.
- Benefits from a high volume of footfall.
- Entire property let to an individual T/A Regina Nails.
- Lease expiry 2029.
- Total current rent reserved €37,500 per annum.
- Net initial yield 7.66% .
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Property description
The property is arranged over ground and three upper floors to provide a mid terrace commercial building. The entire property is in use as a nail salon comprising a retail area on the ground floor.
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).
All intending purchasers are advised to satisfy themselves as to the accuracy of the measurements provided.
Tenancy
The entire property is at present let to an individual T/A Regina Nails for a term of 10 years from 20th May 2019.
VAT
BER Rating
BER Identification Number
800305989
Energy Performance Indicator
352.22 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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