Key Features

Self - contained stand-alone block with zero service charges.
Ground floor retail unit with two residential apartments overhead.
Fully rented.
Being sold "as is" with tenants in situ. (Tenants Unaffected) ensuring immediate rental income from the date of closing.
Gas fired central heating.
Year of Construction 1930.
BER ratings range from D to G.
Strong rental returns - This property benefits from an established rental income offering a 8.9% yield providing a stable and attractive return for in

Property Description

Glenn O’Connor of DNG O'Connor Auctioneers is delighted to bring this superb investment property to the market. This property is a substantial commercial/residential building located in the northside of Cork City Centre.

The building extends to over 112 sq m which is split over three floors. Each unit is separately metred and is heated by gas fired central heating. The overhead residential apartments are fully rented with professional tenants.

This commercial building is located in a prime location as it is only minutes from Cork City Centre and located on one of the busiest and most accessible roads in Cork City. It is located just c.200 meters from North Gate Bridge.

The ground floor consists of a large retail unit which is currently occupied by a dress maker and alteration business. This unit is circa 46 sq m in size. The BER rating for this unit is D.

The first floor consists of a large two-bedroom apartment. This apartment has an entrance hallway, open plan living/dining and kitchen area as well as two bedrooms and main bathroom. The apartment boasts gas fired central heating. This unit is circa 40.14 sq m in size. The BER rating for this unit is E.

The second floor consists of a large one-bedroom apartment. This apartment has an entrance hallway, open plan living/dining and kitchen area as well as one double bedroom and main bathroom. The apartment boasts gas fired central heating. This unit is circa 25.23 sq m in size. The BER rating for this unit is G.

FEATURES

Self – contained stand-alone block with zero service charges.

Ground floor retail unit with two residential apartments overhead.

Fully rented.

Being sold “as is” with tenants in situ. (Tenants Unaffected) ensuring immediate rental income from the date of closing.

Gas fired central heating.

Year of Construction 1930.

BER ratings range from D to G.

Strong rental returns - This property benefits from an established rental income offering a 8.9% yield providing a stable and attractive return for investors seeking long term income generation.

DNG O'Connor Finn, 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 O'Connor Finn 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 O'Connor Finn. (v) DNG O'Connor Finn 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. 801182767

Energy Performance Indicator: 0.00 kWh/m2/yr

This property was last updated: yesterday morning