Lot 5475025, 14 South Main Street, Cork City Centre

Available From: Immediately nvestment opportunity with ground floor commercial and upper floor residential use with rental income of €66,432 p.a.

Prime City Centre Location along South Main Street overlooking the intersection with Hannover St.

Modern units of approx. 1,950 Sq.ft comprising of 3 storeys over ground floor.

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 and tenats remain in situ with the purchase.

Situated On the corner of South Main Street and Tobin Street. (A pedestrian street between South Main Street and the Grand Parade). This is a prime city centre location, off Washington Street and across the road from the new proposed event centre at the Beamish and Crawford development site.

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%.

BER Ratings Ranging from F - C2