Substantial mixed-use investment opportunity laid out in four buildings to include 36 apartments, a restaurant, offices and retail accommodation together with extensive car parking. Tenants not affected.
Currently producing a total rental income of €416,306p.a
Apartments are fully let with the exception of a number of show apartments and are producing a current rental income of approx. €336,312p.a
Potential to increase the total rental income to approx. €496,868p.a when the vacant apartments are let and RPZ increases applied.
All apartments are either 2 or 3 bed units with BER ratings of between B3-C3.
Restaurant let to McDonalds on a long term lease at a passing rent of €79,994p.a. Remaining 14 no. commercial units are vacant and comprise a total floor area of approx. 1,918 sq m (20,645 sq ft).
Vacant space offers significant reversionary potential and offers a purchaser the opportunity to add value through implementation of an asset management strategy.
Residual lands extending to approx. 15.6 acres offer further development potential, subject to planning permission.
Centrally situated in Midleton town only a 2 minute walk from Main Street. Neighbouring occupiers include Lidl and Aldi.