14-15 Bridge Street, Cork, Cork City, Cork

POA
Sold
  • Area 939.07 Sq.M
  • Type Investment property

Description

EXCELLENT INVESTMENT OPPORTUNITY

ERA Downey McCarthy are delighted to launch to the market this superb investment opportunity, occupying a prominent position at the heart of the city centre

LOCATION
Bridge Street is located to the north of St. Patrick’s Bridge at the heart of Cork city centre. It links St. Patrick’s Hill with St. Patrick’s Street and is a major conduit between the city centre quays and MacCurtain Street. Ground floors along this street are primarily in retail use, while there are a mix of retail and commercial operators at upper floor levels. The street enjoys a very high volume of both pedestrian and vehicular traffic.
The subject property is situated on the west side of Bridge Street, between its junctions with Coburg Street and Camden Quay. Occupying such a central location ensures this property will remain of strong interest to the investor market.

DESCRIPTION
The subject property comprises the ground floor of 14-15 Bridge Street together with the upper floors of 13-15 Bridge street. It is a four storey, mid-terrace building with three storey annex to rear. The entire is of traditional construction with a typical shop front to its ground floor and a red brick façade over. It has pitched, slate covered roof sections and traditional timber framed sash windows to its upper floors.
This is an easily managed investment property currently producing a total annual rent of €95,700. Internally, the building is laid out as a ground floor convenience shop with ancillary storage and office space. The first, second and third floors are rented on a room by room basis typically under 12-month informal agreements and presently accommodate 11 separate commercial enterprises.

Features

• Sought after central location
• Separate access to upper floors
• Easily managed investment property
• Currently producing €95,700 p.a.
• Reversionary potential
• N.I.Y 9.28%

Accommodation

Floor Type Sq.M. Sq.Ft.
Ground Retail convenience shop 103.74 1,116.7
Annex storage and office 145.33 1,564.3
First Multi-tenanted 230.00 2,475.6
Second Multi-tenanted 230.00 2,475.6
Third Multi-tenanted 230.00 2,475.6
TOTAL 939.07 10,107.8

Viewing Details

Strictly by appointment

Disclaimer

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.

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