Main St., Midleton, Co. Cork

Type	Retail
Offer Status	For Sale
Estate Agent	ERA Wallis Auctioneers & Valuers Ltd

From

EUR 1,100,000

£ 854,871*

US$ 1,492,765*

Description

FOR SALE

Commercial Investment Property

At

Main St., Ballinacurra, Midleton, Co. Cork.

· A Premier investment property in a most prominent trading location.

· Modern Building in excellent Condition.

· Fully let on 35 year FRI lease with 5 year reviews

· Full planning permission for Fast Food Take-away outlet

· Most attractive 4.25% yield

Accommodation:

A most prominently location modern commercial corner building extending to approx 286 sq m (C. 3078 sq ft) over two floors with the added benefit of a full fast food take away planning permission, this is a premier investment opportunity not to be missed in this expanding and fast developing commercial suburb/ neighbourhood of Midleton and main gateway village to surrounding hinterlands including Aghada, Whitegate, Cloyne and Ballycotton.

Ground Floor:

Fast Food/restaurant take away outlet, with Kitchen and dining area, associated services area and toilets.

1st Floor

Laid out as two one bedroom apartments.

Lease details:

Entire building let as one entity to current tenant under full 35 year lease

Term: 35 years from 28th Jan 2005

Conditions Full repairing and Insuring

Rent Reviews: 5 year reviews, upwards only

Quick link to this property www.propertynews.com/pc65