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mySherryFitz
Asking Price
€800,000
€800,000
254 sqm
42 Marlboro Street
Cork
T12 V1YX
Description
Investment Opportunity (Tenants Not Affected)
Rental Income €75,000 per annum
WAULT to Expiry 5.5 years
Net Initial Yield (NIY) 8.53%
Location
The property is centrally located in Cork city centre towards the northern end of Marlboro Street close to its intersection with St Patrick's Street. Marlboro Street is a pedestrian street linking Patrick Street with Oliver Plunkett Street. Neighbouring occupiers within the vicinity include Permanent TSB, Krispy Kreme doughnuts, Trailfinders, Thomond Bar, Nosta restaurant and O’Donovan’s Off Licence.
Description
The property comprises a two-storey mid terrace building fronting onto Marlboro Street, extending to approximately 2,734 sq ft (254 sqm).
The ground floor comprises a self-contained retail unit and is currently occupied by Ladbrokes (Ireland) Limited. The unit is laid out with an open plan retail area to the front with an office, kitchen and WC to the rear.
The first floor has independent access from Marlboro Street and comprises a hair salon which is occupied by Ikon Hair Education Limited. The first floor is laid out with open plan salon area, kitchenette, toilet and external garden area.
Lease details available on request.
Rental Income €75,000 per annum
WAULT to Expiry 5.5 years
Net Initial Yield (NIY) 8.53%
Location
The property is centrally located in Cork city centre towards the northern end of Marlboro Street close to its intersection with St Patrick's Street. Marlboro Street is a pedestrian street linking Patrick Street with Oliver Plunkett Street. Neighbouring occupiers within the vicinity include Permanent TSB, Krispy Kreme doughnuts, Trailfinders, Thomond Bar, Nosta restaurant and O’Donovan’s Off Licence.
Description
The property comprises a two-storey mid terrace building fronting onto Marlboro Street, extending to approximately 2,734 sq ft (254 sqm).
The ground floor comprises a self-contained retail unit and is currently occupied by Ladbrokes (Ireland) Limited. The unit is laid out with an open plan retail area to the front with an office, kitchen and WC to the rear.
The first floor has independent access from Marlboro Street and comprises a hair salon which is occupied by Ikon Hair Education Limited. The first floor is laid out with open plan salon area, kitchenette, toilet and external garden area.
Lease details available on request.
BER Information
BER:
B3
BER Number: 800848749
Energy Performance Indicator: 284.58
BER Number: 800848749
Energy Performance Indicator: 284.58
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