Property Description

Jeremy Murphy & Associates are proud to present to the market, Cons Shop at 12A Gurranabraher Road, Cork.
An institution to the Northside of Cork city, Con Shop has been trading successfully for in excess of 50 years serving the local community in Gurranabraher and surrounding areas to include Blarney Street, Churchfield, Farranree, Blackpool, Hollyhill and Knocknaheeny to name but a few. The property is located approx. 10-minutes from Cork city centre and occupies a prominent position on a corner site fronting onto Gurranabraher Road & Mount Nebo Avenue.
The property is a superb mixed-use investment opportunity being sold as is and is occupied by two commercial units on the ground floor, and a two-bed residential apartment overhead which will be sold with vacant possession, all boasting independent access. The property comes to market benefitting from numerous upgrades in recent years to include a new fire-alarm system & fireproofing. All units are individually metered and serviced by a communal fire-alarm panel.

Accommodation
Con’s Shop
A successful family-run business operating from the premises for more than 50-years featuring tiled-flooring, recessed spotlighting and several windows overlooking the front/side of the property. Large retail area of approx. 74.3m2 / 799.7sq.ft. This unit also features a rear-staff area extending to approx. 26.2m2 / 282sq.ft and includes sink, staff W.C., and wall-mounted shelving/storage units. There is also a modern, comprehensive CCTV system in place and access to the rear of the premises.

Pam’s Launderette
A successful independently run launderette operating from the premises for c. 22 years. This unit features independent access and features Lino flooring, staff W.C., two centre lights and wall-mounted storage.

Two-bed residential apartment
A two-bed residential apartment extending to c. 75sq.m / 807sq.ft and featuring kitchen, living room, two double-bedrooms, and main family bathroom. There is an independent pre-pay meter serving this unit. There is potential to increase the overall rental income for the property as the apartment will be sold with vacant possession. This property also features independent access secured behind a steel-gate off Gurranabraher Road.

External
The rear can be accessed off Mount Nebo Avenue or from Gurranabraher Road and features a large external space boasting communal bin-area, secured behind steel gates.

FEATURES
• Impressive rent roll of approx. €71,400 per annum
• Vacant possession of residential apartment - rental potential of c. €2,100 per month
• Freehold title
• Commercial units occupied under-long leases
• Short stroll to Cork city centre
• Prominent corner site
• Extensive upgrades in recent years to incl. fireproofing, a new fire-alarm system, electrical enhancements etc
• BER no. 801059122
• BER Rating: C2

INVESTMENT HIGHLIGHTS
A superb opportunity to acquire a landmark property that is being offered to the market boasting an impressive rent-roll of €71,400, with the benefit of sitting tenants that have been trading successfully from the premises for a combined 70-year period, and both currently in occupation under long-leases. The residential apartment is deceptively spacious, enjoys private access and will be sold with vacant possession.

The above details are for guidance only and do not form part of any contract. They have been prepared with care but we are not responsible for any inaccuracies. All descriptions, dimensions, references to condition and necessary permission for use and occupation, and other details are given in good faith and are believed to be correct but any intending purchaser or tenant should not rely on them as statements or representations of fact but must satisfy himself/herself by inspection or otherwise as to the correctness of each of them. In the event of any inconsistency between these particulars and the contract of sale, the latter shall prevail. The details are issued on the understanding that all negotiations on any property are conducted through this office.

BER Details

BER No. 801059122

Energy Performance Indicator: 0.00 kWh/m2/yr

This property was last updated: 37 days ago