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SOLD The Woodford, 19/20 Paul Street, Cork City Centre, Co. Cork

S O L D

 

The Woodford 19 -20 PAUL STREET, CORK CITY, CO. CORK 

On the Instructions of Declan Taite, Receiver -Duff & Phelps - Westhatch Ltd.

Substantial Licensed Premises located within Cork City's Prime Commercial and Entertainment District Rare opportunity to acquire a substantial City Centre Licensed Premises which is situated within Cork City's prime commercial entertainment district extending to approx. 654.09 sqm GIA benefiting from prominent frontage onto Paul Street together with rear dual access onto Patrick Street with potential to develop and expand an already established business.

Location

These Licensed Premises enjoy an ideal trading location to the west side of Paul Street immediately adjacent to its intersection with Castle St and Grand Parade within the centre of Cork City. The property is situated adjacent to Cornmarket Street, Patrick Street and Washington Street within the principal night time entertainment district of Cork City housing many other renowned complementary licensed premises.

The district also boasts a variety of retail users with Cornmarket Retail Centre situated directly opposite the property which together with the recently developed Opera Lane retail development which ensures a high level of footfall passing the property throughout the day, evening and weekends.

The property further benefits from having dual access onto Patrick Street, being the principal business, and retailing street of Cork City. The property comprise a prominent five storey structure with feature cut stone and exposed brickwork faade to the front elevation extending to 654.09 sqm GIA (Gross Internal Area). The Ground Floor is utilised as a Lounge bar and extends to approx. 222.40 sqm GIA and is complemented by adequate storage, service and toilet facilities housed on the upper floors.

The Business

The Woodford is currently let out on a short term business convenience letting which will expire in May 2015 subject to a passing rent of e100,000 pa excl.

These licensed premises afford the ideal opportunity to acquire a substantial quality licensed premises situated in an ideal trading location enjoying an established profitable business with the potential to further develop under active hands on proprietor management.

Accommodation

Ground Floor                   222.40

Lounge Bar & Stores

First Floor                        73.13

Kitchen Staff

Changing Dry Goods Store

Ladies & Gents Toilets

Second Floor                    126.49

Cold Room & Store Bottle Store

Office

Third Floor                         117.57

Store Room

Store Room

Fourth Floor                       115.32

Store Room

Store Room

TOTAL :                              654.09

Outside

Valuable Smoking Area

Title Long

Leasehold, indemnified against rent

Rateable Valuation

259.03

Rate Multiplier

74.05

Rates Bill 2015

€19,181.17

BER Details

BER E1 

Inventory of Furniture & Effects included in the sale available upon request. Viewing strictly by prior appointment with Sole Agents.

Solicitors

Thomas Fox Ronan Daly Jermyn 2 Park Place City Gate Park Mahon Point, Cork

Agents

Brian Olden, Cohalan Downing

Bill Morrisey, Morriseys Dublin.

  • 1,250,000
  • Area 654 Sq.M
  • 7041 Sq.Ft
  • Other Information Restaurant / Bar / Hotel

+353 21 427 7717

Location

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  • Society of Chartered Surveyors Ireland
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