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BER D1

What is BER?

A Building Energy Rating (BER) indicates the energy performance of a property. Using a scale of A to G, higher rated homes will have lower energy bills.

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Deanrock Business Park, Togher, Co. Cork

€1,200,000
Investment Property For Sale | 2,822 sq. feet (262 sq. metres)
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Overview

Property Description:

Investment/ Asset Management Opportunity
FOR SALE
(Tenants Unaffected)

An opportunity to acquire a substantial Business Park Investment Property (excluding Mr Bells) with the current tenants remaining unaffected in this high profile location.

The property offers a combined current rent roll of €144,600 per annum with an opportunity to increase revenues through strategic asset management.

The building extends to approx. 30,375 sq.ft and occupies an overall site area of approx. 1.4 acres/ 0.57 ha with some 70 car parking spaces.

This location provides immediate access to the South Link Road Network (N40), between Kinsale Road Roundabout and Sarsfield Road Roundabout.

Established occupiers include Rock Bingo, Fast Fit Tyres, Allen Barber & Life FM.

LOCATION
The subject property is located off the Togher Road and Tramore Road, on the southern periphery of Cork City Centre. The property benefits from some 90 metres of frontage to the South Link Road Network (N40). Deanrock Business Park is positioned some 2.5 km west of the Kinsale Road Roundabout and 2 km east of the Sarsfield Road Roundabout.

Immediate occupiers include; DG Welders Equipment, Togher Pharmacy, Abbey Ville Veterinary Hospital, Deanrock Bar & Deanrock Technology Park.

DESCRIPTION
The offering comprises the Deanrock Business Park, laid out over ground and part first floor. Currently in mixed use to include a well established, state of the art Bingo Hall, commercial units and office accommodation. The majority of the Park is occupied with a current rent passing of €144,600 per annum and the offering affords an asset management opportunity to increase future revenues for a new purchaser.

The entire (excluding Unit - Mr Bells) is for sale on an investment basis with the tenants remaining unaffected. The overall buildings extends to some 30,375 sq.ft/ 2,822 sq.m approx. with some 70 car parking spaces and occupies an overall site area of approx. 1.4 acres/ 0.57 ha.

While the properties enjoy exceptional covenant strength, particularly with HSS as a PLC, the offering is further enhanced by its unrivalled profile location which occupies an exceptional position directly off the Kinsale Road Roundabout, approximately 3 km south of Cork City centre.


Tenancy Synopsis
(Further lease details available strictly on request to identified parties)

Tenant E3 Bingo Ltd
Unit A, E, D5
Lease Term 15 Year Term from 2013, subject to a rolling 2 Year Tenant Only Break Option.
Approx Area 1,995 sq.m
Rental Income €88,000 pa

Tenant Fast Fit
Unit C
Lease Term 25 Year Lease from August 2004 with a Break in Year 10 - Not Exercised
Approx Area 300 sq.m
Rental Income €35,000 pa

Tenant Life FM
Unit G
Lease Term 9 Year 9 Month Lease from December 2006. Currently Overholding
Approx Area 128 sq.m
Rental Income €12,000 pa

Tenant Allen Barber
Unit D1 & D2 / 1st Floor
Lease Term 4 Year 9 Month Lease from August 2017
Approx Area 163 sq.m
Rental Income €9,600 pa

Tenant N/a
Unit D3 1st Floor & D4
Lease Term n/a
Approx Area 236 sq.m
Rental Income n/a

Total - SQM 2,822 sq.m / Rental Income €144,600



Solicitor: Martin O' Callaghan
Phone: 021- 2332871
Ronan Daly Jermyn Solicitors, 2 Park Place, City Gate Park, Mahon Point, Cork

Viewing Strictly by prior appointment with Sole Agents;

Rob Coughlan Phone: 021-4277717
Malcolm Tyrrell Phone: 021-4277717
PDF Brochure 

PDF Brochures:

 Brochure 1.pdf

BER Details

BER D1

What is BER?

A Building Energy Rating (BER) indicates the energy performance of a property. Using a scale of A to G, higher rated homes will have lower energy bills.

Learn more
What's this?

Daft Property Shortcode:

https://www.daft.ie/5731963

Date Entered/Renewed:

20/8/2019 (today, 10 hours ago)

Property Views:

1,137
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Map Legend:

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Address:

Deanrock Business Park

Distance to City Centre:

3.4 km (2.1 miles), 30 minute walk
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Deanrock Business Park, Togher, Co. Cork