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DESCRIPTION

BARRY AUCTIONEERS & VALUERS are delighted to present a unique opportunity to acquire a well-located and income-producing commercial & residential investment in the heart of Cork city and adjacent to the docklands development that will produce a 8.56% yield. €27,400 per annum.

This terraced, mixed-use investment property, comprising a ground floor commercial unit currently just let with a new 10-year lease starting July 2022 with a break clause in 5 years to a Sonny’s Deli, which they use as a kitchen for their deli 50 metres away. The rent is €13,000 per annum.

The residential unit, which has its own door access, is on the first floor and comprises two double bedrooms and kitchen/living room and a bathroom and utility on ground floor with enclosed small yard to rear. The property is currently vacant so to allow viewings but the rental income achievable with rental restrictions is €14,400 per annum. This is a fantastic investment opportunity producing a 8.56% yield.

BER DETAILS

BER No: 115211427

Energy Performance Indicator: 386.69 kWh/m2/yr