Property Details

  • 115.013m2

    1238.0ft2

  • C2

Property Location

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  • T: (021) 427 7717

82 Ballyhooley Road, St. Lukes, Co. Cork

  • 115.013
  • 1238.0

INVESTMENT OPPORTUNITY - TENANTS REMAIN UNAFFECTED BY THE SALE

Imposing, mid-terrace, mixed use building laid out over ground, first & attic floor.

The property extends to approximately 1,240 sq. ft. in total and benefits from separate access to the commercial and residential elements.

The ground floor commercial unit, trading as The Renovation Centre is self contained and benefits from substantial frontage to Ballyhooley Road.

The overhead residential accommodation is laid out over 1st and 2nd floor to provide bright and spacious accommodation with 2 en-suite bedrooms, living room/ kitchen space, and additional storage nooks. Heating is electric.

The property is conveniently located at the heart of St Luke's Cross adjoining St Luke's Inn, which is short stroll to Cork City Centre and provides access to an extensive residential community.

Fully tenanted mixed use investment opportunity producing a current rent of 23,400 per annum.

Accommodation:

Ground Floor - Commercial 53 SQM / 570 SQFT

First Floor - Residential 39 SQM / 420 SQFT

Second Floor / Attic - Residential 23 SQM / 248 SQFT

TOTAL AREA Approx. - 115 SQM / 1,238 SQFT

BER Certs:

Retail unit - C2

Residential - F Lease

Details:

The Renovation Centre occupy the ground floor commercial section on a 4 Year 9 Month Lease from June 2019, and are currently paying a rent passing 9,000 per annum.

The overhead apartment is let on a standard residential lease at a rent of 14,400 per annum.

Tenants remain unaffected by the sale.

Solicitor:

Ms Emma Comyn, CKT Solicitors, 2 George's Quay, Cork.

Rates:

3,500 Approx. - Paid by Tenant.

Viewing:

Strictly by prior appointment with Sole Selling Agents; Rob Coughlan

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