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Copley Court, Cork CIty

Price on Application Sold

Description

SOLD

- Prime student accommodation & office investment in Cork City Centre

- 37 Apartments approx. 4,056 sq. m. Office Accommodation, 60 Car Parking Spaces

- UCC Architectural College occupy 2,483 sq. m. at a rent of €260,000 p.a.

- Located steps from South Infirmary Hospital, Cork School of Music & St. Patrick's Street

- Current combined passing rent of €1,220,906 p.a.

- Current Planning Application to extend Student Accommodation from 37 to 70 Apartments

- Tenants not affected

Dataroom: www.copleycourtcork.com

Joint Agents:

CBRE

Willie Norse Executive Director

T: +353 1 618 5529

E: willie.norse@cbre.com

Emma Courtney Associate Director

T: +353 1 618 5760

E: emma.courtney@cbre.com

Solicitor Details:

Margaret Ring, Partner, Rdj Solicitors

T: +353 21 4802743

E: Margaret.ring@Rdj.ie

BER Information

  • Rating: BER F
  • Number: 800549073
  • Energy Performance Indicator: 687.15kWh/m2/yr2.76

Similar Properties

Ormston House , Limerick

€500,000 - Asking Price|658 sqm approx

Property Highlights

City Centre Investment Property Comprising two ground floor/ basement retail units within a building known as Ormston House Located in an established retail location directly adjacent to the proposed Project Opera Development Current Income of €12,000 per annum from part of the subject property Asset Management Opportunity with letting of Unit 9/10 Entire extends to approximately 658 sq m (7,087 sq ft) For Sale by Private Treaty Description The subject property comprises the ground floor and basement of No. 9 - 11 Patrick Street also known as Ormston House. Ormston House is an end of terrace period property offering retail accommodation at ground floor level and residential accommodation on the upper floors. The subject property is a protected structure however it underwent an extensive refurbishment in the early 1990€TM. The ground floor and basement is currently subdivided into two self contained commercial units and the building has the benefit of dual frontage onto both Patrick Street and Ellen Street. The units have extensive floor to ceiling heights within the units and have maintained many of the original features of the property. Tenancy The current rent receivable is €12,000 per annum from part of the subject property (Unit 11) Full tenancy information is available upon request

BER exempt