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13 South Mall, Cork City, Co. Cork, T12 KW86

€795,000
Investment Property For Sale | 3,768 sq. feet (350 sq. metres)
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Overview

Property Description:

HIGH PROFILE TROPHY OFFICE INVESTMENT -Tenants Unaffected

An opportunity to acquire a prestigious and fully occupied, single let office building (tenant unaffected) in this high profile location in the heart of Cork City's Central Business District.

The building is well presented and produces a current annual rental income of €60,000 per annum.

This landmark building extends to three floors plus an attic to provide an approximate floor area of 3,768 sq.ft/ 350 sqm.

The building is occupied in its entirety by University College Cork (UCC) under a new 5 Year lease from April 2019. UCC have been in occupation since April 2014.

This central location on South Mall provides immediate access to all city centre services.

Property is offered for sale with the benefit of the existing tenant remaining unaffected.

Description
13 South Mall comprises a prestigious single let three storey plus attic mid-terrace period property. The building dates from the early 19th century and has a distinctive faéžade with approximately 12 metres street frontage.

Internally the building retains many of its original period features which have been well maintained. The building extends to approximately 3,768 sq. ft. with a small enclosed yard to rear.

Adjoining occupiers include Republic Of Work, Savills, Grant Thornton, O'Donovan Baker Solicitors and Click Dimensions to name but a few.


Location
The property is located in Cork city centre on the south side of South Mall. The South Mall is the
traditional home to all major financial and professional services firms in Cork.

13 South Mall is centrally situated on the street, opposite the Imperial Hotel and a short distance from Oliver Plunkett Street and St. Patrick's Street - Cork's premier retail thoroughfares.

Adjoining occupiers include Republic of Work at 12 South Mall and Grant Thornton at 14 South Mall.

Accommodation
Ground Floor 142.7 SQ.M / 1,536 SQ.Ft
First Floor 79.8 SQ.M / 859 SQ.FT
Second Floor 107.9 SQ.M / 1,162 SQ.FT
Attic 19.6 SQ.M / 211 SQ.FT
Total Floor Area** 350 SQ.M / 3,768 SQ.FT
**All intending purchasers are specifically advised to verify the floor areas and undertake their own due diligence

Tenancy Synopsis
The entire is occupied by University College Cork (UCC) on a 5 year Full Repairing and Insuring lease from 8th April 2019 at an annual rent of €60,000 per annum. UCC have been in occupation of 13 South Mall since April 2014.

Further lease details available strictly on request to identified parties.

Title
We understand the property is held on a long leasehold title for a term of 986 years from 1760.

VAT
We are advised that the sale of the property will be VAT exempt.

Viewing

Strictly by prior appointment with Sole Agents;

Rob Coughlan - Mobile: 086 326 4320 and Malcolm Tyrrell - Mobile: 087 255 5790
PDF Brochure 

PDF Brochures:

 Brochure 1.pdf

Daft Property Shortcode:

https://www.daft.ie/5914599

Date Entered/Renewed:

17/1/2020 (yesterday morning)

Property Views:

1,479
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Map Legend:

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Address:

13 South Mall

Distance to City Centre:

0.5 km (0.3 miles), 5 minute walk
Negotiator Photo

Rob Coughlan

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13 South Mall, Cork City, Co. Cork