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Aldi Castle Square, Carrigtwohill, Co. Cork, T45 PN36

Price on Application
Investment Property For Sale | 17,046 sq. feet (1,584 sq. metres)
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Property Description:

Grade-A covenant occupied by ALDI Stores (Ireland) Ltd.
25 year lease from January 2008
14 years unexpired
Current rent €451,957 per annum
Extending to 17,046 sq ft

The unit forms part of the Castle Square development which is a mixed use scheme. The unit is located on the main street to the west of Carrigtwohill town centre. Carrigtwohill is a large commuter town situated midway between Cork city and Midleton in East Cork. The town is serviced by excellent road (N40 Cork to Rosslare Euro Route) and rail services (Cork to Midleton Commuter Line). Major employers in the area include Merck Millipore, Stryker and GE Healthcare, the major employment hub of little island is located 4km to the west.

The property comprises a ground floor discount retail store extending to 17,046 Sq Ft within a larger multi storey building within the Castle Square development. The overall development comprises a Primary Health Care Centre, GP's surgery, Pharmacy and café. The building is of steel portal frame with concrete reinforced floor slab. External elevations are a combination of glazing and cladding. The large housing development of Castlelake is located adjacent to the property.

Open plan retail supermarket, incorporating stores c. 17,046 sq ft / c. 1,584 m sq

Lease Term: 25 years from 12th January 2008 (14 years unexpired).

Lessee: Aldi Store (Ireland) Limited.

Current Rent: €451,719 pa exclusive of all other out goings.

Term: Full Repairing & Insuring Term

Tile: long leasehold interest (500 years)

Price: on application

Solicitor: Mr. Cathal O' Sullivan, Whelan Solicitors, Grattan Court, Washington Street West, Cork City

Viewings:Strictly by appointment with sole selling agents

Daft Property Shortcode:


Date Entered/Renewed:

26/2/2020 (yesterday morning)

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Aldi Castle Square
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Cearbhall Behan

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Aldi Castle Square, Carrigtwohill, Co. Cork