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Cohalan Downing 88 South Mall, Cork, Ireland
tel: +353 (0) 21 4277717 fax: +353 (0) 21 4274820 e-mail: [email protected]
Viewing strictly by appointment with sole agents.
For Sale
by Private Treaty
Fully Let Investment (Tenants Remaining Unaffected)
REF: 20072
Mixed Use Investment Opportunity
Corvelle House, Douglas West, Cork.
> High quality, modern, mixed use investment opportunity extending to approximately 3,600 sq. ft over two floors. > The property has excellent frontage and is situated in a well established and popular suburban area in Douglas Village.
> The property comprises a ground floor retail unit with 2 x 2 bedroom & 1 x 1 bedroom residential units > Fully tenanted investment opportunity with established covenants to include Túath Housing and The Urban Apache Ltd with a current rent passing in the order of €43,480 per annum. > Let on new leases at sustainable rental levels providing opportunity for rental growth on review.
Messrs. Cohalan Downing, for themselves and for the vendors of this property whose agents they are, give notice that: (i) the particu-
lars are produced in good faith, are set out as a general guide only and do not constitute any part of a contract, (ii) no person in the employment of Messrs. Cohalan Downing has authority to make or give any representation or warranty whatever in relation to the
property.
For Sale
Accommodation: Location: Located at the intersection between Donnybrook Hill, West Douglas Street and Church Road in the affluent city suburb of Douglas Village. Its superb frontage is complimented by its location near Douglas Village Shop-ping Centre, Douglas Woollen Mills and close proximity to the South Ring Road. Lease Details: Residential units let to Tuath Housing Association Limited on a 10 Year Lease from May 2013 with a
passing rent of €24,480 per annum. Commercial Unit let to Urban Apache Limited on a 4 Year 11 Month lease from September 2014 with a
passing rent of €19,000 per annum. Tenant has an option to renew for a further period of 4 Years 11 Months subject to a minimum of 6 months prior formal notice.
Contact:
> Rob Coughlan [email protected] 086-3264320 BER Rating:
Description Sq M (Approx.) Sq Ft (Approx.)
Ground Floor Commercial 83.6 900
Ground Floor Apt – 2 Bed 83.6 900
First Floor Apt – 1 Bed 60.4 650
First Floor Apt – 2 Bed 83.6 900
Total Area 311.2 3,350