2
Mill Road, Youghal, Co. Cork, P36HH76
€1,500,000
1354 m²
Investment Property
Property Overview
- Available From: Immediately
Description
- Sale Type: For Sale by Private Treaty
- Overall Floor Area: 1354 m²
Exceptional opportunity for investors and / or developers to purchase a fully let retail unit with secure reversionary rental income at well below replacement build cost.
High profile retail unit in Youghal Town Centre.
Approx. 1,354 sq m retail store on 2.3 acres with 110 car spaces.
Fully let to Jysk Limited (Guaranteed by Jysk Holding A/S) on a 10 year FRI lease from 11 September 2019 with an open market rent review at the end of year 5 (10% cap).
Deed of Renunciation in place.
Secure rental income, currently producing €122,981 per annum (based on 4% of tenant turnover, equating to €8.44 per sq ft) subject to a base rent of €80,000 per annum.
Excellent international tenant with a guarantor - Jysk is a Danish home retailer operating more than 3,300 stores in 50 countries. Their UK and Irish turnover was €106m in 2022, an increase of 11%.
Town centre location, opposite a new Lidl store, approx. 300m to Tesco Superstore and 650 to Youghal's Main Street.
Excellent development potential subject to planning permission - the property is zoned objective YL-T-03 'Town Centre / Neighbourhood Centre' in the Cork Development Plan: 'Support primarily convenience retail uses in this ancillary retail area' Permitted in Principle Uses include: Retail, hotel, leisure facilities, residential and mixed residential.
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Map
More about this Property
Local AreaNEW
Learn more about what this area has to offer.
School Name | Distance | Pupils | |||
---|---|---|---|---|---|
School Name | South Abbey National School | Distance | 1.3km | Pupils | 239 |
School Name | Gaelscoil Choráin | Distance | 1.5km | Pupils | 272 |
School Name | Bunscoil Mhuire | Distance | 1.6km | Pupils | 551 |
School Name | Distance | Pupils | |||
---|---|---|---|---|---|
School Name | S N Naomh Parthalan | Distance | 3.4km | Pupils | 59 |
School Name | Clonpriest National School | Distance | 5.6km | Pupils | 102 |
School Name | Kyle National School | Distance | 6.0km | Pupils | 35 |
School Name | Clashmore National School | Distance | 6.2km | Pupils | 88 |
School Name | Park National School | Distance | 6.4km | Pupils | 24 |
School Name | Ballycurrane National School | Distance | 7.9km | Pupils | 49 |
School Name | Grange National School | Distance | 8.1km | Pupils | 61 |
School Name | Distance | Pupils | |||
---|---|---|---|---|---|
School Name | Pobalscoil Na Tríonóide | Distance | 1.5km | Pupils | 1108 |
School Name | Blackwater Community School | Distance | 20.3km | Pupils | 907 |
School Name | Meánscoil San Nioclás | Distance | 20.8km | Pupils | 130 |
School Name | Distance | Pupils | |||
---|---|---|---|---|---|
School Name | Dungarvan College-coláiste Dhún Garbhán | Distance | 21.1km | Pupils | 255 |
School Name | Dungarvan Cbs | Distance | 21.4km | Pupils | 359 |
School Name | Ard Scoil Na Ndéise | Distance | 21.6km | Pupils | 267 |
School Name | Midleton College | Distance | 22.0km | Pupils | 488 |
School Name | St Colman's Community College | Distance | 22.0km | Pupils | 951 |
School Name | St Mary's High School | Distance | 22.2km | Pupils | 768 |
School Name | Midleton Cbs | Distance | 22.3km | Pupils | 943 |
Type | Distance | Stop | Route | Destination | Provider | ||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Type | Bus | Distance | 550m | Stop | Youghal | Route | 361 | Destination | Youghal | Provider | Tfi Local Link Waterford |
Type | Bus | Distance | 550m | Stop | Youghal | Route | 260 | Destination | Cork | Provider | Bus Éireann |
Type | Bus | Distance | 550m | Stop | Youghal | Route | 260 | Destination | Mtu | Provider | Bus Éireann |
Type | Distance | Stop | Route | Destination | Provider | ||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Type | Bus | Distance | 550m | Stop | Youghal | Route | 260 | Destination | Midleton | Provider | Bus Éireann |
Type | Bus | Distance | 550m | Stop | Youghal | Route | 357 | Destination | Youghal | Provider | Tfi Local Link Waterford |
Type | Bus | Distance | 550m | Stop | Youghal | Route | 260 | Destination | Youghal | Provider | Bus Éireann |
Type | Bus | Distance | 550m | Stop | Youghal | Route | 40 | Destination | Cork | Provider | Bus Éireann |
Type | Bus | Distance | 760m | Stop | Youghal North | Route | 260 | Destination | Ardmore | Provider | Bus Éireann |
Type | Bus | Distance | 760m | Stop | Youghal North | Route | 40 | Destination | Waterford | Provider | Bus Éireann |
Type | Bus | Distance | 760m | Stop | Youghal North | Route | 361 | Destination | Dungarvan | Provider | Tfi Local Link Waterford |
BER Details
Statistics
03/05/2024
Entered/Renewed
493
Property Views
Daft ID: 519296215
Robert Lloyd
0872312313