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9 Pearse Square, Ballyphehane, Co. Cork, T12 NH94

€200,000
Investment Property For Sale | 1,529 sq. feet (142 sq. metres)
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Overview

Property Description:

INVESTMENT OPPORTUNITY - TENANTS REMAIN UNAFFECTED BY THE SALE

Well known, end-terrace, mixed use building laid out over ground & first floor.

The property extends to approximately 142 Sq Mtrs in total and benefits from separate access to the commercial and residential elements.

The ground floor commercial unit, is currently trading as a successful take away business and benefits from prominent frontage on to Pearse Square. The current occupier has been trading from the same location for 22 years and has entered into a 10 year lease from June 2018
The overhead residential accommodation is presently set out as an apartment and consists of 3 bedrooms, Kitchen, Living Room and bathroom.
There is a yard to the rear of the property along with a useful garage which measures 5.8 x 2.9 mtrs
The property is conveniently located in the heart of Ballyphehane and the surrounding commercial units are occupied by Spar, Boyle Sports, Life Pharmacy, 2 beauty salons and a public house.
Fully tenanted mixed use investment opportunity producing a current rent of €18,000 per annum.

Accommodation:
Ground Floor - Commercial 79.5 SQM
First Floor - Residential 62.5 SQM
TOTAL AREA Approx. - 142 SQM / 1,529 SQFT

Lease Details:
The entire property is currently held on a 10 year lease from June 2018 is generating a rental income of €18,000 per anum exclusive of all rates and other outgoings.

Daft Property Shortcode:

https://www.daft.ie/5919833

Date Entered/Renewed:

9/3/2020 (20 days ago)

Property Views:

1,153
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Address:

9 Pearse Square

Distance to City Centre:

2.2 km (1.4 miles), 20 minute walk

Public transport routes that service Ballyphehane:

  • Bus: 10, 14
Diarmuid Madigan Photo

Diarmuid Madigan

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9 Pearse Square, Ballyphehane, Co. Cork