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Units 1 & 2 Dwyer Road, Midleton, Co. Cork

FOR SALE

INVESTMENT OPPORTUNITY

UNITS 1 & 2 DWYER ROAD, MIDLETON, CO. CORK

  • Opportunity to acquire two fully let investment properties in one lot located within Midleton Business & Enterprise Park on the Dwyer Road.
  • The property is easily accessible from the N25 via the Cork Road and isapproximately 1km from Main Street, Midleton.
  • Fully tenanted investment opportunity with established covenant in Cascade Designs Limited with a total combined passing rent in the order of €112,000 per annum exclusive both let on 10 year leases from October 2014 and November 2009 respectively.
  • Adjacent occupiers in the Business Park include Foltech Engineering, Leahy Building Contractors and Midleton Crash Repair Centre.

DESCRIPTION: 

Unit 1

  • A detached warehouse unit with office and canteen facilities.
  • Steel framed with a double clad insulated roof and an electric roller shutter door to the side.

Unit 2

  • A large mill/warehouse which is used as a factory facility for the production of specialised camping equipment and aeroplane seating.
  • The property has a red brick faade double clad metal deck roof on the warehouse portion and a single storey office block to the side of the warehouse.

TENANCY SCHEDULE:

Unit 1

  • Tenant: Cascade Designs
  • Size (GEA) : 576sq.m (6,205sq.ft)
  • Lease Start: 01/11/2009
  • Lease Term: 10
  • Lease Expiry (Break Option): 31/10/2019
  • Rental Income: €30,000 

Unit 2

  • Tenant: Cascade Designs
  • Size (GEA) : 3,099sq.m (33,357sq.ft)
  • Lease Start: 01/10/2014
  • Lease Term: 10
  • Lease Expiry (Break Option):30/09/2024
  • Rental Income: €82,000

FURTHER INFORMATION:

Steven Denehan

Cohalan Downing, 88 South Mall, Cork 

  • P) (021) 427 7717
  • E) sdenehan@cdacork.com
  • PSRA: 001641

 

  • 930,000
  • Area 3675 Sq.M
  • 39557 Sq.Ft
  • Other Information investment property

+353 21 427 7717

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  • Society of Chartered Surveyors Ireland
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