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
