Excellent investment opportunity with longterm tenants and strong covenant.
Summary
- Held on a 25 year Lease from April 1st, 2007 paying an annual rent of €30250 per annum.
- License in place for telecommunications mast paying an annual rental of €11,100 per annum.
- Off street parking to side.
- PVC double glazed windows.
Location
The property is situated in Turners Cross and is situated circa 500 south of Cork city centre.
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Mainline Stations
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Milford Haven2843 mins
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Fishguard and Goodwick2866 mins
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Fishguard Harbour2874 mins
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Johnston (Pembs)2874 mins
Underground Station
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Reading6232 mins
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Twyford6318 mins
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Maidenhead6426 mins
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Taplow6460 mins
Further Information
Price €425,000
Rates Payable Upon Enquiry
Service Charge n/a
Estate Charge n/a
BER Rating This property has been graded as C3 (801057555)
Description
No. 1 St. Patrick's Road is a purpose built office building originally constructed in the mid 1990’s. This detached office building comprises two floors of office accommodation with ground floor reception with staircase to front. and open plan area to rear. The upper floor is laid out in offices with staff canteen and facilities. The property is held on a 25 year lease from 2007 by the HSE and also has the added benefit of annual income from a telecommunications mast. The property offers an excellent investment opportunity with two separate income strings held on secure long term covenants.
Joint Agents: ERA Downey McCarthy
Viewings
Strictly by appointment with the Selling Agents.
Terms
Tenants unaffected in sale.
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