Investment Opportunity - The Old Town Hall, Cobh, Co. Cork


Overview

For Sale
GUIDE PRICE:
€ 350,000


AgentCearbhall Behan
Mobile 087 419 9881
Prop ID C3046-B

Location
 The waterfront property is situated at the eastern end of Cobh Town centre at Lynch’s Quay off East Beach. Cobh Town has a population of 12,347(census 2011) and is situated c.23kms east of Cork City Centre. Cobh is a heritage town and has numerous tourist attractions including the Cobh Heritage Centre, Titanic Experience, Fota wildlife Park and Fota & Cobh golf courses.

 Description
 The property under consideration consists of a detached single storey building incorporating a magnificent clock tower. The protected structure has been converted to restaurant use in recent years. There is a jetty and car park on the eastern elevation which is surfaced and zoned for water taxi / ferry services under the Cobh Town development plan.

 

  • Investment Property (t/a Chinese restaurant).
  • Adjoining jetty zoned for Ferry/Taxi service under Town Development Plan.
  • Exceptional opportunity to acquire harbour jetty in Cobh Town Centre.
  • Situated adjacent to Spike Island (designated to receive €40 million state investment).
  • Current rental income €40,000 p.a. exclusive.

 

Map

Accommodation
 (Floor area G.I.A)
 RESTAURANT AREA (HELD UNDER LEASE)

 Ground Floor
 Seating area 71.11 m2
 Commercial Kitchen 22.30 m2
 Restrooms & Staff WC/WHB 14.00 m2
 Stores 3.89 m2

 Outside (terrace) 78.26 m2
 ___________________________________

 Jetty & Car Park Area 1,130 m2
 (vacant possession of this area)

 Title :  TBC


 Lease :  Restaurant is held under 25 year lease at a rental of€40,000 p.a. from 30th March 2010 incorporating 5 yearly reviews.

 Solicitor: Barry C Galvins 91 South Mall, Cork City

 Viewing :  Strictly by appointment with Cearbhall Behan

Disclaimer: The particulars issued by Behan Irwin & Gosling are on the basis that (i) all negotiations are conducted through their office (ii) The details contained herein are set out as general guidelines only and any intending lessee or purchaser should not rely on them as statements of fact and should satisfy themselves as to their correctness (iii) Maps and floor plans are not to scale and are for guidance only (iv) Neither Behan Irwin & Gosling nor any of its employees have any authority to make or give representations or warranty (express or implied) in relation to the property (v) All indicative prices quoted are exclusive of VAT