An opportunity to purchase a four-storey prime commercial property for less than €1m on Cork City’s high street is surely a twinkle of silver lining at a time when St Patrick’s Street has lost some of its most high-profile retailers.
No 76, on the market with Lisney, and guiding at €950,000, is more than €600,000 less than what nearby Carphone Warehouse Investment sold for last year, at €1.55m.
The premises comes with one tenant, City Dentist, occupying a portion of the first floor. On a long-term lease and with a passing rent of €10,000 per annum (pa), City Dentist is not affected by the sale.
Otherwise, there is another 3,370 sq ft to play with, including a ready-to-go self-contained ground-floor retail unit measuring circa 1,500 sq ft, with ancillary storage/office accommodation overhead, available on the basis of a new lease.
Lisney divisional director David McCarthy said the guide rent is
Continue reading this atricle at https://www.irishexaminer.com/property/commercial/arid-40023974.html