FOR SALE. Prime Investment Opportunity. No. 71/72 Patrick Street, Cork. Tenant Unaffected

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Victoria Gregory
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1 FOR SALE Prime Investment Opportunity No. 71/72, Cork Tenant Unaffected

M&S LAVITT S QUAY Executive Summary Superb opportunity to acquire a prime investment property Pivota corner ocation in the heart of and opposite The Capito is Cork s

buiding that extends to 435.42 sq m (4,687 sq ft) approx.

2 M&S LAVITT S QUAY Executive Summary Superb opportunity to acquire a prime investment property Pivota corner ocation in the heart of and opposite The Capito is Cork s premier shopping thoroughfare with a major department stores and mutipes having representation on the street PAUL ST THE PROPERTY Substantia 3 storey corner profie buiding that extends to sq m (4,687 sq ft) approx. TK MAXX WATERSTONES The entire property is et to Boots Retai (Ireand) Ltd and the ease is guaranteed by Boots the Chemists Ltd MC DONALDS 35 x 5 FRI ease from 7th October years unexpired ease term ARGOS Passing rent of 540,000 pa Tenant unaffected by this investment sae

3 DEBENHAMS BROWN THOMAS OPERA LANE PENNEYS OLIVER PLUNKETT ST. SUPERDRY PATRICK ST. OASIS COAST THE CAPITOL ENGLISH MARKET

The property enjoys a high profie ocation at the corner of and Peter & Pau s Pace.

CAPITOL Location Cork is a busting city with a popuation of 120,000 persons and a metropoitan popuation of over 300,000 peope.

Spencer, Penneys & Dunnes Stores) and Retai Mutipes, having representation on the street.

4 The property enjoys a high profie ocation at the corner of and Peter & Pau s Pace. DEALZ MCDONALD S WATERSTONES BANK OF IRELAND THE PROPERTY SOSTRENE GRENE COAST FRENCH CONNECTION SUPER DRY ARGOS OASIS CLARK S THE CAPITOL Location Cork is a busting city with a popuation of 120,000 persons and a metropoitan popuation of over 300,000 peope. The property enjoys a high profie ocation at the corner of and Peter & Pau s Pace. is regarded as Cork s Premier Retai Thoroughfare, with a of the major Department Stores (incuding Brown Thomas, Debenhams, Marks & Spencer, Penneys & Dunnes Stores) and Retai Mutipes, having representation on the street. Opera Lane, a major infi retai deveopment (2009), is cose by and occupiers incude H&M, Top Shop, Next, River Isand, Gap, Tommy Hifiger, Specsavers & Skechers. The fagship Capito deveopment is situated opposite the subject property on and is expected to attract other arge scae retaiers to the street. Other retaiers ocated cose by incude Waterstones, Argos, Oasis, Coast, Super Dry, Monsoon, Sostrene Grene etc.

H & M TOPSHOP & TOPMAN RIVER ISLAND NEW LOOK DUNNES STORES NEXT SKECHERS ONLY BROWN THOMAS GAP TOMMY HILFIGER MONSOON PENNEYS PANDORA HOLLAND & BARRETT Description The property comprises 71/72, a six

The buiding is currenty aid out with a sef-contained retai premises at ground foor eve and the upper foors are in restaurant use with independent street access.

5 H & M TOPSHOP & TOPMAN RIVER ISLAND NEW LOOK DUNNES STORES NEXT SKECHERS ONLY BROWN THOMAS GAP TOMMY HILFIGER MONSOON PENNEYS PANDORA HOLLAND & BARRETT Description The property comprises 71/72, a six bay three storey corner profie buiding of traditiona construction, with substantia frontage to Patrick Street and return frontage to Peter & Pau s Pace. The buiding is currenty aid out with a sef-contained retai premises at ground foor eve and the upper foors are in restaurant use with independent street access. The retai premises benefits from extensive gazed frontage to. Accommodation Foor Sq m (approx) Sq Ft (approx) is regarded as Cork s Premier Retai Thoroughfare, with a of the major Department Stores. Ground ,093 First ,597 Second Tota ,687 Intending purchasers shoud satisfy themseves in reation to foor areas.

Tenure The property is hed on ong easehod tite.

(Ireand) Ltd and this ease is guaranteed by Boots the

71/72 is hed on a 35 year term from 7th October 1987, a fu

reviews and with a current 6 years unexpired term.

6 Tenure The property is hed on ong easehod tite. Tenancy The entire property is eased to Boots Retai (Ireand) Ltd and this ease is guaranteed by Boots the Chemists Ltd. 71/72 is hed on a 35 year term from 7th October 1987, a fu repairing and insuring ease, 5 yeary upward ony rent reviews and with a current 6 years unexpired term. The current passing rent is 540,000 pa and the tenant is responsibe for outgoings in addition to rent. Tenant unaffected by this investment sae.

ie Te 01 2026400 Viewing Stricty by appointment with the soe Seing Agents Buiding Energy Rating C2 C3 Ground Foor BER Rating C2 - BER No.

7 Quoting Price 6,000,000 which refects a Net Initia Yied of 8.62% after standard acquisition costs of 4.46%. Passing rent of 540,000 with 6 years unexpired ease term. Soicitor Giian Lynch, Eugene F Coins, E-mai: gynch@efc.ie Te Viewing Stricty by appointment with the soe Seing Agents Buiding Energy Rating C2 C3 Ground Foor BER Rating C2 - BER No Energy Performance Indicator: kwh/m²/yr 1.19 Upper Foors BER Rating C3 - BER No Energy Performance Indicator: kwh/m²/yr 1.45 Fu BER detais avaiabe on request.

Soe Seing Agents For further information pease contact: Seamus Costeo Emai: seamus.costeo@cushwake.ie Te: +353 21 427 5454 Peter O Fynn Emai: peter.ofynn@cushwake.

These particuars do not constitute an offer or contract or any part thereof and none of the statements contained in the particuars as to the property to be reied on as a statement or

A descriptions, dimensions, references to condition and necessary permission for use and occupation, and other detais are given in good faith and are beieved to be correct but any

them. 4. In the event of any inconsistency between these particuars and the contract of sae, the atter sha prevai. 5.

8 Soe Seing Agents For further information pease contact: Seamus Costeo Emai: Te: Peter O Fynn Emai: peter.ofynn@cushwake.ie Te: CUSHMAN & WAKEFIELD 6 Lapps Quay, Cork t: f: Conditions to be noted 1. These particuars do not constitute an offer or contract or any part thereof and none of the statements contained in the particuars as to the property to be reied on as a statement or representation of fact. 2. The vendor does not make or give, nor is the Agent(s) or its staff authorised to make or give any representation or warranty in respect to this property. 3. A descriptions, dimensions, references to condition and necessary permission for use and occupation, and other detais are given in good faith and are beieved to be correct but any intending purchaser or tenant shoud not rey on them as statements or representations of fact but must satisfy himsef/hersef by inspection or otherwise as to the correctness of each of them. 4. In the event of any inconsistency between these particuars and the contract of sae, the atter sha prevai. 5. The terms, Vendor and Purchaser, where the context requires sha be deemed to refer to Lessor and Lessee and Landord and Tenant respectivey. 6. Prices are quoted excusive of VAT (uness otherwise stated) and the purchaser/essee sha be iabe for any VAT arising on the transaction. 7. Cushman & Wakefied Registration Number:

BY PRIVATE TREATY FOR SALE THE HEART OF WATERFORD CITY 15/16 GREAT GEORGES STREET WATERFORD

BY PRIVATE TREATY FOR SALE THE HEART OF WATERFORD CITY 15/16 GREAT GEORGES STREET WATERFORD FOR SALE BY PRIVATE TREATY THE HEART OF WATERFORD CITY C2 15/16 GREAT GEORGES STREET WATERFORD F & Premier retail pitch in Waterford City s pedestrianised zone Fully let to Argos Distributors (Ireland)