Lot 5436452, (2) 1 & 2 Church Street / East Douglas Street, Douglas Village, Douglas, Co. Cork

Available From: Immediately > FOR SALE BY TENDER - DEADLINE 12 NOON ON WEDNESDAY 22ND NOVEMBER 2023

> An opportunity to acquire 3 Fully Occupied commercial units (tenants unaffected) in this high profile location in the heart of Douglas Village.

> The units have a combined and established current annual rental income of €179,780 pa.

> These well known units are trading as O'Driscoll's Bar, BoyleSports and The Rose Garden and this modern development extends to an overall floor area of approx. 8,172 sq.ft/ 759.2 sqm.

> This location provides easy access to the surrounding residential catchment and the South Link Road Network (N40) which provides arterial access to the city centre and to the N25/ M8 corridors.

> The existing user mix of Bar/ Food/ Bookmaker are highly desirable and difficult to secure.


LOCATION:

The property is located in the heart of Douglas Village which is a prosperous and highly populated suburb, situated 4km south of Cork city with a significant surrounding hinterland. Douglas adjoins the South Ring Road Network (N40) and is easily accessible to all major arterial routes and is serviced by regular public transport links. Douglas is home to two major shopping centres; Douglas Village Shopping Centre (Tesco, TK Maxx and M&S) and Douglas Court Shopping Centre (Dunnes Stores).

The subject property is located in the centre of Douglas Village where neighbouring occupiers include Bank of Ireland, PTSB, KC's Take Away, Barry's Bar & Restaurant, Eco's Restaurant, Paddy Power, Aldi, Okura Restaurant together with the East Village complex.

THE ASSET:

Three commercial units for sale on an investment basis with the current occupiers remaining unaffected. The 3 units are comprised within a single block which extends to approximately 8,170 sq.ft over part basement, ground and first floors.

While the property enjoys a diverse mix of users and an established rental return, the offering is further enhanced by its unrivalled profile location which occupies an exceptional trading position in the heart of Douglas Village, approximately 4 km south of Cork City centre.

This location provides immediate access to the South Link Road Network (N40) which provides arterial access to the city centre and to the N25/ M8 corridors.

BASIS OF SALE:

The property is offered For Sale by Public Tender (unless previously sold) in 1 Lot. Please note that the property will be sold subject to, and with the benefit of, the occupiers previously referred to. The tenants will be unaffected by the sale.

The Tender deadline is 12 Noon on Wednesday 22nd November 2023. Full information about the tender including the Conditions of Tender and the Tender Pack are available from the Solicitor with carriage of sale.