71 Main St., Midleton, Co. Cork

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€495,000

Investment Property For Sale
3,983 sq. feet (370 sq. metres)

Rating:

Contact Name: William Wallace

Selling Agent: Wallis Auctioneers & Valuers Ltd

PSR Licence Number: 001119

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Property Description

71 Main St., Midleton, Co Cork

Location, Location, Location!

High profile 3 storey terraced building extending to approx. c. 370 m sq in total. Ground floor retail unit with three apartments overhead. Currently the entire building is let to one tenant on a long lease and they use the upper floors as storage, Ideal investment with a Good tenant and covenant and a Completely refurbished building whish has been finished to a very high standard. Excellent town centre location. (Tenant unaffected by sale)



Description
Superb three storey investment opportunity consisting of a ground floor retail unit with three apartments overhead. Currently the entire building is rented to one tenant who is utilising the upper floors for storage purposes. The building was fully renovated in 2010/2011 to a very high standard. There is also a secure gated yard to the rear which is used for deliveries.


Tenancy
Lease Current lease period is 15 years beginning in October 2011 with a five year rent reviews. The current rent is €44,000 per annum.


Location

The property is centrally situated in Midleton town centre on the western side of Main Street and
has frontage onto Coach Horse Lane along part of its eastern elevation. This is an extremely high profile location with neighbouring occupiers such as No 21 Off Licence, Pan Restaurant & Café, Owenacrrura Pharmacy, Walsh€TM Pharmacy Murphy Bar, La Trattoria Restaurant, JJ Coppinger Bar, Wallis Bar, Cummins Sports, Midleton Library, various pharmacies and beauty treatment businesses.

Midleton with a population of 12,800 is a growing satellite town which is home to the iconic Jameson Distillery. The town is situated approx. 21km east of Cork city accessed over a well-developed road and rail Infrastructure. It is adjacent to the main Waterford N25 and is approx.15km east of the Dublin / Cork M8 Motorway and the Jack Lynch Tunnel which connects with the South Ring Road network providing access to the airport and main West Cork and Kerry arterial routes.


ACCOMMODATION:

Ground floor retail Unit 194 Sq m with rear enclosed secure yard and rear access from Coach horse lane.

1st Floor 2 bed apartment , currently used by tenant as storage C 42 sq m
3 bed apartment, currently used by tenant as storage C 77 sq m
Open Courtyard area between apartments

2nd Floor 2 bed apartment, currently used by the tenant as storage C 42 sq m

OTHER
Title FREEHOLD
Guide Price €495,000.00
Viewings STRICTLY BY APPOINTMENT WITH SOLE AGENTS
Selling Agents William Wallace 087-2604669

BER Details

BER No. 800696155

Energy Performance Indicator: 523.59 kWh/m2/yr

This property was last updated: 7 days ago


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To: William Wallace in Wallis Auctioneers & Valuers Ltd
Subject: Investment Property For Sale in 71 Main St., Midleton, Co. Cork
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Selling Agent

Wallis Auctioneers & Valuers Ltd
74 Main Street Midleton Co. Cork

Contact Name: William Wallace

PSR Licence Number: 001119

Show Number
This Investment Property For Sale located at 71 Main St., Midleton, Co. Cork is currently for sale. This property was last updated by Wallis Auctioneers & Valuers Ltd 7 days ago. 71 Main St., Midleton, Co. Cork is priced as: €495,000 and has 3,983 sq. feet (370 sq. metres). View all properties for sale in Midleton, Co. Cork. View investment property for sale in Midleton, Co. Cork.
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71 Main St.,, Midleton, Co. Cork