Property Description:

Tenants Unaffected.
Excellent investment opportunity.
Current rental income of €71,500 pa. Stepping to €76,000 pa in 2020.
The entire extends to c.18,000 Sq Ft.
Potential rental uplift - from units 3 & 5.
Close proximity to a number of arterial routes.

Lease Details
Unit 3 €" Vacant

Unit 4 is occupied by Patrick Quinn under a 10 year lease from 1st January 2015 at a passing rent of €16,500 pa stepping to €21,000 in January 2020.

Unit 5 €" Vacant

Units 6-8 are occupied by An Post Limited under a 10 year lease from 1st July 2013 at a passing rent of €55,000 pa

Accommodation (Total 18,000 sq ft / c. 1,672 m sq)
Unit 3 (3,000 sq ft) is vacant
Unit 4 (3,000 sq ft) is occupied
Unit 5 (3,000 sq ft) is vacant
Units 6-8 (9,000 sq ft) are occupied.


Description
The investment comprises a terrace of 6 no. industrial units which are constructed to a very standard. The units are of concrete block construction covered with an insulated cladding roof. The units have an eaves height of approx. 22 feet.

Location
The warehouse premises is situated in the northern side of Churchfield Business Park, off John Connolly road immediately north of Churchfield which is a large high density suburb of Cork City Centre. The immediate area is comprised of heavy industrial users including recycling centres.

Rates
Unit 3 RV €45
Unit 4 RV €60
Unit 5 RV €45
Unit 6-8 RV €152.37

BER Ratings
Unit 3 has a C2 BER Rating (800701984)
Unit 4 has a B3 BER Rating (800702086)
Unit 5 has a C2 BER Rating (800701955)
Unit 6-8 has a B2 BER Rating (800702078)