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26/27 South Mall , South City Centre, Cork City, T12 R2RV

Investment Property (1,543.00 sqm) Sale Agreed
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Sale Agreed

Features

  • Substantial seven storey purpose built office building
  • Area approx. 1,543.1 sqm (16,615 sqft)
  • Prime office location in the heart of Cork City’s principal professional and commercial office thoroughfare
  • Building let on various leases to covenants including O Mahony Pike Architects, Focus Ireland, HSE and O’Connor Murphy Clune Solicitors
  • Currently producing a rental income of €103,000 p.a. with significant uplift potential
  • Asset management opportunity with potential to significantly increase rental income by securing tenants for the vacant office units.
  • Neighbouring occupiers include AIB, Bank of Ireland, Jacobs on The Mall, JW O’Donovan Solicitors and First South Credit Union
  • City centre office market experiencing strong rental growth

Location

The property is centrally situated in Cork city centre on the south side of South Mall at its western end close to its intersection with Parliament Street. South Mall is the city’s principle professional and commercial office thoroughfare. Adjoining properties have a mixture of purpose built office buildings and older converted terraced office buildings with the regional headquarters of Bank of Ireland, 32 South Mall located close by.

Cork city is the second largest city in the Republic of Ireland with its population having grown 5.4% in five years and amongst the fastest growing cities in Europe. Cork city and county areas have a combined population of over 540,000 people.

Full Description

The property comprises a seven storey purpose built office building fronting South Mall. The ground floor unit has independent access via a stepped entrance direct from South Mall. There is a separate entrance foyer servicing all upper floors of the building with access via a stairs and lift to these floors. The office accommodation is laid out in front and rear office suites served off a common area lobby with canteen and toilet facilities on each floor.

The building is of brick and block construction with a distinctive red brick external façade with solid ground and upper floors, PVC window casements and doors. Internally the office suites are fitted with carpet tile floors and suspended ceiling.

Viewing Details

By special appointment with the sole letting agent, Lisney.

Accommodation

    Floor Tenant  Sq M Sq Ft
    Ground Focus Ireland  205.0 2,210
    First Vacant  244.5 2,632
    Second Vacant  246.0 2,648
    Third  HSE 239.0 2,574
    Fourth  O'Connor Murphy Clune Solicitors  247.1 2,660
    Fifth  O'Mahony Pike Architects  226.6 2,439
    Sixth  Vacant  134.9 1,452
      Total Area  1,543.1 16,615

BER Details

BER: C1-C3

Solicitor

Byrne Wallace Solicitors, 88 Harcourt St, Saint Kevin’s, Dublin 2

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.