Property Description

Location, Location, Location!

High profile 4 storey terraced building extending to approx. 652 m sq in total. Ground floor retail unit with, 1st floor Storage area , and Office/Residential on 1st 2nd and 3rd floor. Currently the entire building is let to one tenant on a 20 year lease from 22nd September 2009. This is an Ideal investment property with an excellent tenant and covenant, in good condition with potential for further development of the upper floors office/Residential area. Excellent town centre location. ( Tenant unaffected by sale)

Address
No 41 Main St., Midleton, Co Cork.

Description
High profile 4 storey terraced building extending to approx. 652 m sq in total. Ground floor retail unit with, 1st floor Storage area , and Office/Residential on 1st 2nd and 3rd floor. Currently the entire building is let to one tenant on a 20 year lease from 22nd September 2009. This is an Ideal investment property with an excellent tenant and covenant, in good condition with potential for further development of the upper floors office/Residential area. Excellent town centre location. ( Tenant unaffected by sale)

Tenancy
Entire Building
Current lease period is 20 years beginning in 22nd September 2019 with a five year rent reviews. The current rent passing is €47,500.00 per annum.


Location

The property is centrally situated in Midleton town centre on the Eastern side of Main Street and
has access onto Dickensons Lane to its rear elevation. This is an extremely high profile location with neighbouring occupiers such as PTSB, Owenacurra Pharmacy, Sherry Fitzgerald, O’Briens Furniture, O’Briens Sandwich Bar, Boyle sports, Paco, and many more successful retail 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 C 281 Sq m Retail unit with storage area to rear and rear access.
1st Floor Storage over Retail C 236 sq M, access from Middle of retail unit and rear yard lift service access for deliveries
Rear Yard and parking Off Dickensons Lane, ample parking and delivery access
Overhead Front Building Own door access
1st Floor C 43 sq m various rooms Previously used as office space.
2nd Floor C 47 sq m various rooms Previously used as residential
3rd Floor C 45 sq m various rooms, Previously used as residential.

OTHER
Title FREEHOLD
Guide Price €750,000.00 (Plus VAT if Applicable)
Viewings STRICTLY BY APPOINTMENT WITH SOLE AGENTS
Selling Agents William Wallace 087-2604669

BER Details

Energy Performance Indicator: 0.00 kWh/m2/yr

This property was last updated: 10 days ago