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45 South Mall , South City Centre, Cork City, T12 XY24

Investment Property (193.80 sqm) Sold
of

Sold

Features

  • Four storey office building extending to a total area of approximately 193.8 sqm (2,086 sqft).
  • Attractive investment opportunity with a current rental income of €44,000 per annum.
  • Let to Cantor Fitzgerald Ireland Limited on a 25 Year IRI Lease from August 2001.
  • Cantor Fitzgerald is a leading global financial services firm employing approximately 10,000 people worldwide.
  • Situated in a prominent city centre location at the western end of South Mall near the intersection with Grand Parade.

Location

The property is centrally situated in Cork city centre on the north side of South Mall at its western end close to the intersection with Grand Parade.

South Mall is the heart of Cork’s central business district with a high concentration of financial institutions, solicitor’s offices, insurance firms and auctioneers offices dominating the streetscape.

Full Description

The property comprises a self-contained four-storey terraced Georgian office building with a three storey return. The ground floor is laid out with reception area, board room and canteen with a number of private office, meeting and storage rooms on the upper floors.

 

Tenancy 

 

The entire is let to Cantor Fitzgerald Ireland Limited on a 25 year internal repairing and insuring lease from August 2001 at a current rent of €44,000 per annum. There are 5 yearly rent reviews with an upwards only rent review clause and no break option.

 

Tenant Covenant 

 

Cantor Fitzgerald Ireland is a private limited company incorporated in January 1998 with offices in Cork, Limerick and Dublin and is part of the leading global financial services firm Cantor Fitzgerald who employs over 10,000 people in 25 countries.

 

 

Viewing Details

By special appointment with the sole letting agent, Lisney.

Accommodation

    Floor  Description  Sq M  Sq Ft 
    Ground  Reception, board room & kitchen  46.7 503
    Return  Meeting room  22.7 244
    First  Office & coms room  35.9 386
    First Return  Storage  11.3 122
    Second  Office  37 398
    Third  3 no. office / storage rooms  40.2 433
      Total NIA  193.8 2,086

BER Details

BER: D1
BER No. 800600462.
Energy Performance Indicator: 479.04 kWh/m2/yr

Contact Details

Address: 1 South Mall, Cork
Telephone: +353-21-427 5079 or you can also email us at cork@lisney.com

Lisney for themselves and the Vendor/Lessor whose Agents they are give notice that:

1. These particulars do not constitute any part of an offer or contract.

2. All statements contained in these particulars as to this property are made without responsibility on the part of the Agents or the Vendor/Lessor and none of the statements contained in these particulars as to this property are to be relied on as statements or representations of fact.

3. The particulars, various plans, photographs, dimensions, references to condition and permissions for use and occupation  are given in good faith and are believed to be correct but their accuracy is not guaranteed and any intending Purchasers or Tenants shall satisfy themselves by inspection or otherwise as to correctness of each of them. No omission, accidental error or misdescription shall be ground for a claim for compensation or for the rescission of the contract by either the Vendor/Lessor or the Purchaser/Tenant.

  4. Neither the Vendor/Lessor nor Lisney nor any person in their employment has any authority to make or give any representation or warranty whatever in relation to the property. 5. Prices are quoted exclusive of VAT (unless otherwise stated) and all negotiations are conducted on the basis that the Purchaser/Tenant shall be liable for any VAT arising on the transaction. PSRA No. 001848.

Please note we have not tested any apparatus, fixtures, fittings, or services. Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.