LOT 1 – INVESTMENT PROPERTY
FOR SALE
77 St Patrick’s Street, Cork
(Tenant Unaffected)
LOCATION
Prominently located on St Patrick’s Street, Cork, which is
Cork’s premier retail location. Adjoining occupiers include
Waterstones, Boots, Coast, Carphone Warehouse. In close
proximity to Opera Lane and Princes Street. The Capital site
(for which planning was granted for a 80,000 sq ft retail and
office scheme) together with the St Patrick’s Street entrance
to the English Market are located opposite the property.
DESCRIPTION
An attractive four storey mid-terrace retail unit with
generous display windows at ground level and retail fit out
on ground and first floors.
ACCOMMODATION
sq ft
(approx)
sq m
(approx)
(Areas as per SCS measuring guidance notes)
Ground Floor
973 90.4
First Floor
812 75.4
Second Floor
450 41.8
Third Floor
454 42.2
Fourth Floor – Attic 230 21.4
ITZA
560 52.0
TENANCY
Tenant
Term
Rent
Coast Stores Ireland Limited
20 Year lease from July 2008
€110,000 (2016)
€120,000 (2017)
Mutual Break Date
23/07/2018
Next Rent Review
23/07/2018
Lease Expiry
24/07/2028
COVENANT
Coast Stores Ireland Limited
The property is occupied exclusively by C