Ground Floor, 6 Lapps Quay, Cork City, Cork

€900,000

Beds
Price	€900,000
Property Type	Investment Property
Size	343 meters²
Energy Rating	BER-C3
Refreshed on	Sep 18, 2024
Eircode	T12 XHF6

Description

> City centre investment opportunity (Tenant Not Affected) > Prominent corner ground floor office/ commercial premises, approx. 343 SqM (3,681 SqFt) > Current rental income : €75,000pa > Let to Blancco Technology Group Ireland Ltd on a 10 year lease from September 2023 > Guide sale price €900,000 plus vat, net initial yield (NIY) 7.6% LOCATION: The property is centrally situated in Cork city centre at Lapps Quay/ Clontarf Street in the heart of Cork’s central business district. It is situated opposite the 4 star Clayton Hotel and is adjacent to the City Quarter office development. Lapps Quay adjoins South Mall and is within minutes walking distance of the bus and train station. Occupiers in the area include Deloitte, EY, Sherry Fitzgerald, Goodbody, GJ Moloney Solicitors, Roberts Nathan, Crowleys DFK, Fitzgerald Legal & Advisory and Glandore. Cork which is Ireland’s second largest city has a population of 220,000 in the metropolitan area with just over 540,000 in the county. Cork is the main commercial, retail and education centre in the south of Ireland and it is home to global market leaders in pharmaceutical, healthcare, information and communications technology, biotechnology, professional and international financial services. TENANCY SCHEDULE: Blancco Technology Group Ireland Ltd was set up in 2005 and it is owned by Blancco Technology Group Plc who are listed on the London Stock Exchange. Blancco Technology Group provides organisations with secure, compliant and automated solutions that accelerate the transition to the circular economy. Globally approved, recommended and certified by governing and industry bodies around the world, Blancco Technology Group is the industry standard in data erasure and mobile lifecycle solutions. Cork is Blancco’s first centre of operations in Ireland, part of the company’s global footprint across EMEA, North America and APAC. DESCRIPTION: The property comprises a ground floor office/ commercial premises, part of a larger six storey office building. It provides high quality accommodation with generous floor to ceiling height, good natural light and it has the benefit of own door access aswell as access from the main entrance lobby in the building. The property has a high quality office fitout and it is laid out internally with open plan accommodation, four private office/ meeting rooms, conference room, breakout area, store, comms room and two phone booths.

BER Details

BER: C3

Description

BER Details

BER: C3