Digital Sale
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7/8 Winthrop Street, Cork City, Co. Cork

Digital Sale
Ireland
Retail
Commercial

Asking price €1,400,000

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Property Summary

  • A city centre retail investment.
  • Comprising retail / restaurant at ground and part first floors, together with office / retail accommodation overhead.
  • Extending to approximately 383 sq. m (4,124 sq. ft).
  • Ground and part first floors let to Boojum Winthrop Limited t/a Boojum.
  • Lease expiry 2036.
  • Prime city centre location adjacent to St. Patrick's Street.
  • Surrounding occupiers include Brown Thomas, McDonalds and Butlers Chocolates.
  • Current rent reserved €130,000 with vacant possession of part first and second floors.
  • Net initial yield 8.44%.

Contact Us

Ben McArdle
Ben McArdle
Property Agent, here to help.
Bartley Ramsay
Vendor's Solicitor

Contact Us

Ben McArdle
Ben McArdle
Property Agent, here to help.
Bartley Ramsay
Vendor's Solicitor

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Property description

The property is arranged over ground and two upper floors to provide a retail building. Internally the property comprises a restaurant unit at ground and part first floor levels, together with retail / office accommodation at part first and second floor levels.

The property is situated on Winthrop Street, which is beside St.Patrick's Street, one of Corks busiest shopping locations. Surrounding occupiers include Brown Thomas, Dunne stores and Pennys.

Additional Details

NoPresent LeaseAccommodationSq. m(Sq. ft)Lease TermsRent € p.a
GroundBoojum Winthrop Limited t/a BoojumRetail/Restaurant147 sq. m(1,586 sq. ft)20 years from 09.11.2016. Tenant break option at the end of year 10€130,000 p.a
Part FirstAs aboveAs above101 sq. m(1,085 dq. ft)As aboveAs above
Part FirstVacantOffice62 sq. m(666 sq. ft)--
SecondVacantOffice73 sq. m(787 sq. ft)--
  Total383 sq. m(4,124 sq. m) €130,000 p.a.

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

VAT

Please refer to Legal Documents

BER Rating

G

BER Identification Number

800771420

Energy Performance Indicator

1352.58 kWh/m²/yr
3.33



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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 interested parties 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.