14 South Main Street, City Centre Sth, Cork City, Cork City Centre, Cork

Other Sale Agreed
181 sq.m. (1,950 sq.ft.)

Description

This is a mixed-use investment property comprising a take away restaurant on the ground floor with 3 apartments on the upper floors. (1apartment per floor). The property is of masonry build and is double glazed throughout. Apartments are well kept and have the benefit of a concrete stairs in the common areas. The property has full tenancy. Tenants remain in situ with the purchase. Tenancy: The property is currently generating €66,432 p.a. The ground floor unit has a 10 year lease from 1st September 2019 with SPEEDOS LTD paying €24,000 p.a. The property is offering a potential gross yield of 10.2%. Joint Agency with Hayes Property

Accommodation

Ground floor: Take away restaurant extending to c.48 sq. m BER RATING: C2 BER no. 800948366 Apartment 1: 2-bedroom apartment extending to c.46 sq. m BER RATING: F BER no. 116914573 Apartment 2: 2-bedroom apartment extending to c.46sq. m BER RATING: E1 BER no. 116914300 Apartment 3: 1-bedroom apartment extending to c.41 sq. m A BER RATING: D1 BER no. 116914672 SERVICES Mains electricity, water and sewage

Viewing

Appointment only

Features

Investment opportunity with ground floor commercial and upper floor residential use with rental income of €66,432 p.a.<br /><br />Prime City Centre Location along South Main Street overlooking the intersection with Hannover St.<br /><br />Modern units of approx. 1,950 Sq.ft comprising of 3 storeys over ground floor.

Building Energy Rating

BER: Exempt
BERNo.
EPI: 0 kWh/m²/yr