19 And 20 George's Quay, Cork City, Co. Cork

19 And 20 George's Quay, Cork City, Co. Cork - Click to view photos
See Larger Images & 7 More Photographs >>

19 And 20 George's Quay, Cork City, Co. Cork - Image 2 19 And 20 George's Quay, Cork City, Co. Cork - Image 3 19 And 20 George's Quay, Cork City, Co. Cork - Image 4 19 And 20 George's Quay, Cork City, Co. Cork - Image 5

€560,000

Investment Property For Sale
1,557 sq. feet (145 sq. metres)

Rating:

Contact Name: Glenn O'Connor

Selling Agent: DNG Creedon

PSR Licence Number: 003905

Email Agent Show Number
|
Share with a Friend
|

Property Description

DNG Creedon are delighted to present to the market this superb mixed use commercial and residential self-contained block, located in the heart of Cork City Centre. It comprises of two retail units on the ground floor and two residential apartments overhead on the first and second floor.

All units in both buildings are fully occupied by excellent tenants of a very strong covenant. The current rent roll is 56,168 per annum representing a 10% yield. There are no management fees as it is a self-contained block.

ACCOMMODATION:

Ground floor - 19 George's Quay 306 sq. ft Currently occupied by a Filter cafe on a 10-year lease from October 2017.

Ground floor - 20 George's Quay 524 sq. ft which is currently occupied by Fat Belly take away restaurant on a 20-year lease from August 2019.

First and Second Floor - The overhead accommodation are both one bedroom apartments which are in superb condition and fully occupied. The layout of each unit is as follows: entrance hallway, open plan/living/kitchen/dining room, one large double bedroom and main bathroom. The apartments are heated by electric storage heating.

FEATURES:
- Current rent roll of 56,168 per annum.
- 10% yield.
- Tenants of excellent covenant in place on long leases.
- Long leasehold interest with 664 years remaining
- Self-contained block.
- No management fees.
- Superb city centre location.

The Building Energy Rating on each unit are as follows:
Filter Coffee Shop - F (BER # 800246746)
Fat Belly Take Away Restaurant - C1 ( BER # 800247058)
Overhead Residential Apartments - F (800247074)

Contact our Douglas offices on 021 4897300.

DNG Michael Creedon, for themselves and for the vendors or lessors of the property whose Agents they are, give notice that: (i) The particulars contained herein are set out as a general outline for the guidance of intending purchasers or tenants, and do not constitute any part of an offer or contract and are not in any way legally binding. (ii) All descriptions, dimensions, references to condition and necessary permissions for use and occupation, and other details are given in good faith and are believed to be correct, but any intending purchasers or tenants should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of each of them. (iii) No person in the employment of DNG Michael Creedon has any authority to make or give representation or warranty whatever in relation to this development. (iv) The particulars contained herein are confidential and are given on the strict understanding that all negotiations shall be conducted through DNG Michael Creedon. (v) DNG Michael Creedon disclaims all liability and responsibility for any direct and/or indirect loss or damage which may be suffered by any recipient through relying on any particular contained in or omitted from the aforementioned particulars.

BER Details

BER No. 800247058

Energy Performance Indicator: 501.26 kWh/m2/yr

This property was last updated: yesterday morning


Contact Estate Agent

To: Glenn O'Connor in DNG Creedon
Subject: Investment Property For Sale in 19 And 20 George's Quay, Cork City, Co....
Your Name:* Message:*
Email Address:*
Your Phone Number:

Terms of Use

We want you to know exactly how our service works, why we need your details and how we process that information. Please state that you have read and agree with our Terms of Use and Privacy Policy before you continue.

*

Selling Agent

DNG Creedon
Village Green House Church Road Douglas Cork

Contact Name: Glenn O'Connor

PSR Licence Number: 003905

Show Number
This Investment Property For Sale located at 19 And 20 George's Quay, Cork City, Co. Cork is currently for sale. This property was last updated by DNG Creedon 1 day ago. 19 And 20 George's Quay, Cork City, Co. Cork is priced as: €560,000 and has 1,557 sq. feet (145 sq. metres). View all properties for sale in Cork City, Co. Cork. View investment property for sale in Cork City, Co. Cork.
Viewing 1 of 8 photos
19 and 20 George's Quay, Cork City, Co. Cork