Retail Investment Service Station & Shop, Mallow Co. Cork. (tenant unaffected)


Overview

For Sale
GUIDE PRICE:
€ 1,450,000


AgentCearbhall Behan
Mobile 087 419 9881
Prop ID V8268

Description
The investment comprises a retail convenience store, petrol filling station and off license. The buildings are single storey and of concrete block construction covered with an insulated flat. Both shops are fitted out to an excellent standard throughout.

 

Location
The premises is situated at the junction of the R620 (Cork Road) and old Cork Road with excellent frontage to both roads, on the southern side of Mallow town centre, just off the N20 Cork to Limerick Road. Mallow is the largest town in north Cork.

Excellent investment opportunity. Current rental income of €162,500 pa. The entire extends to c.3,180 Sq Ft. Sale includes a petrol filling station, convenience store and off licence. Close proximity to a number of arterial routes.

Map

Lease Details
  • The shop and filling station are occupied under a 35 year lease from 1st March 2012 at a rent of €130,000 pa
 
  • Off licence is occupied under a 32 year and 10 month lease room 17 April 2013 at a rent of €32,500pa.
 
  • Total Income €162,500 pa
Description Sq mSq ft
Convenience Store(Including office, staff areas & storage areas).1821,960
Off Licence (Including office & Storage areas)113.31,220
 TOTAL295.33,180
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