Description
Features
Ground floor let to H. Samuel with a passing rent of 125,000.
Lease extended by a Deed of Variation up until 30 June 2035.
Upper floors benefit from vacant possession, with value add opportunity.
Overall the property extends to 4,499sqft over ground, first and second floors.
Ground Floor extends to 1,690 sq ft.
The property is offered for sale with the benefit of the existing tenant.
Attractive Net Initial Yield of 6.69% with potential for further income growth.
Directions
St Patrick Street has seen significant resurgence in recent years, with a number of new occupiers coming to Cork, including Mango, Austen & Blake, Sea Salt and Urban Outfitters. This confidence is due to the resurgence in consumer sentiment in 'Bricks & Mortar' shopping post Covid. Other redevelopment projects in the area, including the expansion of Penneys as well as the planned redevelopment of the former Debenhams, have cemented Patrick Street as a superb location for entrants into Ireland's second largest city.
Negotiator
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