79 St. Patrick's Street offers a unique opportunity to acquire a prime retail investment located in the premier high street retail district in Cork city centre.
The overall extends to approx. 197 sq m (2,121 sq ft), and is producing a current passing rent of 190,000 per annum.
For the avoidance of doubt, please note that this is an investment sale, therefore the tenant remains unaffected.
The subject property is a three storey property extending to approx. 197 sq m (2,121 sq ft). The ground floor (approx. 109.8 sq m (1,182 sq ft), is fitted out as a mobile telecommunications outlet occupied by Carphone Warehouse, with the first and second floors currently being utilised as storage.
The entire is let to Carphone Warehouse on a 35 year full repairing and insuring lease from 23rd March 1989 at a current passing rent of 190,000 per annum. The lease is subject to 5 yearly upward only rent reviews.