83 Main Street, Midleton, Co. Cork

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€1,500,000

Investment Property For Sale
3,515 sq. feet (327 sq. metres)

Rating:

Contact Name: Samuel Kingston

Selling Agent: Casey & Kingston

PSR Licence Number: 001643

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Property Description

Prominent commercial investment opportunity located on Midleton’s Main Street.
Situated in the heart of the town centre with excellent visibility and footfall, surrounded by an established mix of retail, banking and service based businesses.
35 year F.R.I lease from June 2001 with passing rent of €96,000 p.a.
Approximately 22 km east of Cork with direct access to the N25.
Tenants Unaffected

Location:
The property is located on Main Street, Midleton, in the heart of the town's commercial centre. It is approximately 22 km east of Cork City via the N25 link road and the Dunkettle interchange providing convenient access to the M8 Cork Dublin road. Midleton is one of Cork’s fastest-growing towns, benefiting from a steadily expanding population and continued residential and commercial development, which supports strong levels of footfall. Surrounding occupiers include the likes of AIB, Bank of Ireland, Tesco, Boots, Dealz and a range of established local retailers, cafés and professional service providers.

The subject property comprises a mid-terrace commercial unit of 3,515 sq.ft. across 2 storeys fitted out to the highest level of retail standards with the following features: modern suspended ceilings including air heating and cooling systems, concrete flooring upstairs and downstairs and CCTV security.
Ground Floor retail area includes rear storage, back offices and all necessary staff amenities. Full wheelchair accessibility. First floor comprises 2 large offices, a kitchen area and also a male and female toilet section. .
There is pedestrian access via Midleton Main Street to the front of the property along with rear vehicular access via the neighbouring laneway which gives access to large yard area to the rear of the property.

Tenancy:
The subject property currently has a 35 year F.R.I. lease from June 2001 with a passing rent of €96,000 p.a. and 5 yearly reviews based on current market value.

Floor Sq.Ft Sq.M
Retail Floor 2,627 244.05
1st Floor 888 82.5
Total 3,515 326.55

BER Details

Energy Performance Indicator: 0.00 kWh/m2/yr

This property was last updated: yesterday morning

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To: Samuel Kingston in Casey & Kingston
Subject: Investment Property For Sale in 83 Main Street, Midleton, Co. Cork
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Selling Agent

Casey & Kingston
43 Grand Parade Cork

Contact Name: Samuel Kingston

PSR Licence Number: 001643

Show Number
This Investment Property For Sale located at 83 Main Street, Midleton, Co. Cork is currently for sale. This property was last updated by Casey & Kingston 1 day ago. 83 Main Street, Midleton, Co. Cork is priced as: €1,500,000 and has 3,515 sq. feet (327 sq. metres). View all properties for sale in Midleton, Co. Cork. View investment property for sale in Midleton, Co. Cork.
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83 Main Street,, Midleton, Co. Cork