77 St Patricks Street, Cork City, Co. Cork

Let on a Full Repairing and Insuring (FRI) lease, this asset presents an exceptional opportunity for a savvy investor to acquire a property in a high profile location, delivering a net initial yield of 8.62%. 77 St Patrick Street is a prominent four storey, high profile retail building located along the eastern side of St Patrick Street. The property is currently is currently occupied by Card Factory, trading successfully from the ground floor of the building. The first floor is primarily used as a stock room and storage area, with the second floor utilised as staff w/c facilities, small office area and further storage area. The property benefits from excellent frontage on to St Patrick Street, with 5.8m of frontage on to the street. The overall property extends to 2,890 sq ft (NIA), with the ground floor extending to 986 sq ft. The subject property is situated on St Patrick Street, the primary retailing corridor in Cork City centre, Cork City is the second largest city in Ireland with St Patrick Street being the central core for retailers in Cork. Neighbouring occupiers include Sea Salt, Dubray Books, Eir, Lifestyle Sports and Sostrene Grene. The property is located to the eastern aspect of the street in close proximity to Carey's Lane, Opera Lane and the junction where Grand Parade and St Patrick Street meet. BER Rating: C3