22 Douglas Street, Cork City, Cork

22 Douglas Street, Cork City, Cork

€390,000

T12 WP2F 1065 Sq.ft

22 Douglas Street, Cork City, Cork

€390,000

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Beds
Price	€390,000
Property Type	Investment Property
Size	meters²
Energy Rating	BER-C3
Refreshed on	Jun 11, 2024
Eircode	T12 WP2F
Group Name	Cohalan Downing
Sales License Number	001641

Description

> Imposing, mid-terrace, mixed use building laid out over ground, first, second & attic floor. > The property extends to approximately 1,605 sq. ft. (149 sqm) in total and benefits from shared access to the commercial and overhead residential elements > The ground floor Café, currently trading as Pierogarnia / Dumplings, is let on a 4 Year 11 month lease at a rent of €15,600 pa / €1,300 pcm exclusive. The tenant is unaffected by the sale. > The overhead residential accommodation is fully fitted and laid out as a 1 bed unit on the first floor and 2 bed unit over second & attic floors. The accommodation is bright and spacious and offered with vacant possession. > 22 Douglas Street has been well maintained by the current owner with recent upgrades including the replacement of all the upper floor windows and the installation of independent Gas fired central heating systems in the residential units. > The property fronts Douglas Street and is located only a short stroll to the bustling city centre and within close proximity to UCC & Bons Secours. Lease Details: We understand Pierogarnia / Dumplings have been in occupation of the ground floor commercial section since September 2020. The current lease runs for a 4 Year 11 Month Term and is due for renewal in August 2025. The current rent passing is €15,600 per annum / €1,300 pcm exclusive. Rates: TBC - €2,300 (2024) approx. - Paid by Tenant. TENANTS REMAIN UNAFFECTED BY THE SALE.

BER Details

BER: C3

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Description

> Imposing, mid-terrace, mixed use building laid out over ground, first, second & attic floor. > The property extends to approximately 1,605 sq. ft. (149 sqm) in total and benefits from shared access to the commercial and overhead residential elements > The ground floor Café, currently trading as Pierogarnia / Dumplings, is let on a 4 Year 11 month lease at a rent of €15,600 pa / €1,300 pcm exclusive. The tenant is unaffected by the sale. > The overhead residential accommodation is fully fitted and laid out as a 1 bed unit on the first floor and 2 bed unit over second & attic floors. The accommodation is bright and spacious and offered with vacant possession. > 22 Douglas Street has been well maintained by the current owner with recent upgrades including the replacement of all the upper floor windows and the installation of independent Gas fired central heating systems in the residential units. > The property fronts Douglas Street and is located only a short stroll to the bustling city centre and within close proximity to UCC & Bons Secours. Lease Details: We understand Pierogarnia / Dumplings have been in occupation of the ground floor commercial section since September 2020. The current lease runs for a 4 Year 11 Month Term and is due for renewal in August 2025. The current rent passing is €15,600 per annum / €1,300 pcm exclusive. Rates: TBC - €2,300 (2024) approx. - Paid by Tenant. TENANTS REMAIN UNAFFECTED BY THE SALE.

BER Details

BER: C3

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Cohalan Downing

Tel: 021 4...

PSRA Licence No. 001641

Date created: Jun 11, 2024