Mathew House, Father Mathew Street, Cork City Centre, Co. Cork

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Price on Application - Let Agreed

Office For Sale
15,446 sq. feet (1,435 sq. metres)
Rating:

Contact Name: Eoin Ryan
Phone: 0214275454

Selling Agent: DTZ Sherry Fitzgerald

PSR Licence Number: 002607

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Property Description

Location:

The property is well located at the northern end of Father Mathew Street close to its intersection with the South Mall in the heart of Cork's central business district. It is situated close to all amenities and a short walking distance from St. Patrick's Street, Cork's premier retailing location.

The property is located close to Father Mathew Hall and the RTE studios on Father Mathew Street and the Holy Trinity Church on Father Mathew Quay. It is also in close proximity to the Imperial Hotel and the Allied Irish Bank branch on the South Mall. Other nearby and adjacent occupiers include Bank of Ireland, Ulster Bank and a range of professional practices located mainly on the South Mall and adjoining streets.

Description:

The subject property comprises a modern six storey 3rd generation office building extending to approximately 1,436.86 sq m (15,446 sq ft).

The building is of concrete frame construction with external finishes comprising a mix of natural stone, zinc, timber, copper, smooth painted render together with generous areas of glazing. Internally, the ground floor comprises an entrance foyer and main reception together with a number of meeting rooms. The first floor provides further meeting rooms and private offices. The remaining upper floors are predominantly open plan offices together with ancillary staff areas such as canteen, IT room and storage areas. Each level has ladies and gents rest room facilities. The property is finished to a modern 3rd generation specification throughout to include raised access floors, suspended ceilings, air conditioning and modern IT cabling. A large passenger elevator serves all floors.

Accommodation:
Ground Floor - 111.0 sq m (1,195 sq ft)
First Floor - 301.4 sq m (3,244 sq ft)
Second Floor - 298.8 sq m (3,216 sq ft)
Third Floor - 301.28 sq m (3,243 sq ft)
Fourth Floor - 255.85 sq m (2,431 sq ft)
Fifth Floor - 198.5 sq m (2,137 sq ft)
Total - 1,436.86 sq m (15,446 sq ft)

Tenancy:

The entire building is let to AIB under a ten year lease from 1 July 2012 at an initial rent of 196,936.50 per annum. There is a break option in favour of the tenant at the end of the fifth year of the term. There is provision in the lease for a rent review on the fifth anniversary of the commencement of the term on an upwards and downwards basis to open market rental value.

Title: We understand that the property is held freehold.

Price: On application.

VAT: Further information available on request.

Capital Gains Tax Provisions: Purchasers can benefit from Capital Gains Tax Relief if they purchase a property before 31st December 2014 and hold the property for 7 years. We recommend all interested parties seek advice from their tax advisors and satisfy themselves in relation to all taxation matters relating to the property.

Contact: Peter O'Flynn/Eoin Ryan 021 4275454

BER Details

BER No. 800109878

Energy Performance Indicator: 363.99 kWh/m2/yr

This property was last updated: 112 days ago

Contact Estate Agent

To: Eoin Ryan in DTZ Sherry Fitzgerald
Subject: Office For Sale in Mathew House, Father Mathew Street, Cork City Cent...
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Selling Agent

This property is Let Agreed

DTZ Sherry Fitzgerald
6 Lapps Quay Cork

Contact Name: Eoin Ryan

Phone: 0214275454

PSR Licence Number: 002607

This Office For Sale located at Mathew House, Father Mathew Street, Cork City Centre, Co. Cork is currently for sale. This property was last updated by DTZ Sherry Fitzgerald 112 days ago. Mathew House, Father Mathew Street, Cork City Centre, Co. Cork is priced as: Price on Application and has 15,446 sq. feet (1,435 sq. metres). View all properties for sale in Cork City Centre, Co. Cork. View office for sale in Cork City Centre, Co. Cork.
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