Casey & Kingston Auctioneers
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For Sale
For Sale
Guide Price: 1,500,000
83 Main Street, Midleton, Co. Cork, P25A9Y5
Prominent commercial investment opportunity located on Midleton’s Main Street.
Situated in the heart of the town centre with excellent visibility and footfall, surrounded by an established mix of retail, banking and service based businesses.
35 year F.R.I lease from June 2001 with passing rent of €96,000 p.a.
Approximately 22 km east of Cork with direct access to the N25.
Tenants Unaffected
Location:
The property is located on Main Street, Midleton, in the heart of the town's commercial centre. It is approximately 22 km east of Cork City via the N25 link road and the Dunkettle interchange providing convenient access to the M8 Cork Dublin road. Midleton is one of Cork’s fastest-growing towns, benefiting from a steadily expanding population and continued residential and commercial development, which supports strong levels of footfall. Surrounding occupiers include the likes of AIB, Bank of Ireland, Tesco, Boots, Dealz and a range of established local retailers, cafés and professional service providers.
The subject property comprises a mid-terrace commercial unit of 3,515 sq.ft. across 2 storeys fitted out to the highest level of retail standards with the following features: modern suspended ceilings including air heating and cooling systems, concrete flooring upstairs and downstairs and CCTV security.
Ground Floor retail area includes rear storage, back offices and all necessary staff amenities. Full wheelchair accessibility. First floor comprises 2 large offices, a kitchen area and also a male and female toilet section. .
There is pedestrian access via Midleton Main Street to the front of the property along with rear vehicular access via the neighbouring laneway which gives access to large yard area to the rear of the property.
Tenancy:
The subject property currently has a 35 year F.R.I. lease from June 2001 with a passing rent of €96,000 p.a. and 5 yearly reviews based on current market value.
Floor Sq.Ft Sq.M
Retail Floor 2,627 244.05
1st Floor 888 82.5
Total 3,515 326.55
BER Rating: BER B
Situated in the heart of the town centre with excellent visibility and footfall, surrounded by an established mix of retail, banking and service based businesses.
35 year F.R.I lease from June 2001 with passing rent of €96,000 p.a.
Approximately 22 km east of Cork with direct access to the N25.
Tenants Unaffected
Location:
The property is located on Main Street, Midleton, in the heart of the town's commercial centre. It is approximately 22 km east of Cork City via the N25 link road and the Dunkettle interchange providing convenient access to the M8 Cork Dublin road. Midleton is one of Cork’s fastest-growing towns, benefiting from a steadily expanding population and continued residential and commercial development, which supports strong levels of footfall. Surrounding occupiers include the likes of AIB, Bank of Ireland, Tesco, Boots, Dealz and a range of established local retailers, cafés and professional service providers.
The subject property comprises a mid-terrace commercial unit of 3,515 sq.ft. across 2 storeys fitted out to the highest level of retail standards with the following features: modern suspended ceilings including air heating and cooling systems, concrete flooring upstairs and downstairs and CCTV security.
Ground Floor retail area includes rear storage, back offices and all necessary staff amenities. Full wheelchair accessibility. First floor comprises 2 large offices, a kitchen area and also a male and female toilet section. .
There is pedestrian access via Midleton Main Street to the front of the property along with rear vehicular access via the neighbouring laneway which gives access to large yard area to the rear of the property.
Tenancy:
The subject property currently has a 35 year F.R.I. lease from June 2001 with a passing rent of €96,000 p.a. and 5 yearly reviews based on current market value.
Floor Sq.Ft Sq.M
Retail Floor 2,627 244.05
1st Floor 888 82.5
Total 3,515 326.55
BER Rating: BER B
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Contact Agent
Contact Casey & Kingston Auctioneers on +353214271127