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€575,000 Sale Agreed
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Quay Lane
59 South Main Street
Youghal
Co. Cork.
P36 YD39
Description
Please note this property will be offered by online auction (unless sold prior). For auction date and time please visit iamsold.ie. Vendors may decide to accept pre-auction bids so please register your interest with us to avoid disappointment.
ATTENTION INVESTORS:
Exciting opportunity to acquire this state-of-the-art multi use commercial office building. Currently the front offices facing onto South Main Street are occupied under various leases and has an annual rental income of €25,000. The tenants will not be affected. The property benefits from having full planning permission for conversion to 8 apartments facing onto Quay Lane.
The property is located in a prominent position directly onto Youghal’s South Main Street by the historic Clock Tower. Youghal is on the banks of the River Blackwater and the Atlantic Ocean in a picturesque part of County Cork.
The property comprises a detached three-story building built in 2007 . The building extends to approx. 599.00 sq m (6,448 sq ft) divided into 4 units.
The ground floor is laid out to provide an entrance lobby, main open plan commercial area and several offices, staff area, and WCs to the rear. The first floor comprises two large interconnecting rooms to the front with a separate third room to the rear, a kitchen and WC’s. The second floor comprises a separate office, a board/conference room and a large open plan office area with WCs.
Youghal has an established residential and commercial base with schools, GAA, soccer and ruby clubs, 18-hole golf course, divisional garda station, four supermarkets and a host of shops, restaurants and licensed premises. The Greenway from Youghal to Midleton is under construction by Cork County Council and will complete in Spring of 2023. A newly installed board walk from Claycastle beach to Redarn beach opened this summer and is currently the longest beach boardwalk in Ireland.
This property is offered for sale by online auction (unless sold prior) so please contact us early to avoid disappointment. The successful bidder is required to pay a 10% deposit and contracts are signed immediately on acceptance of a bid. Please note this property is subject to an undisclosed reserve price. Terms and conditions apply to this sale.
Features
Full planning permission for 8 apartments
Current tenants not affected
Excellent location
Current rental income €25,000 PA
Boardroom facilities
Lift in the building.
Built in 2007.
Oil and electric central Heating.
Rooms
BER Information
BER Number: 800454134
Energy Performance Indicator: 74.25 kgCO2/m2/yr
About the Area
Youghal (pop. 6,597) lies about 30 miles east of Cork city at the mouth of the River Blackwater and is a town with something for almost everyone. It's a heritage town with a fascinating history, sandy beaches, excellent seafood and cafes, sailing, golfing and bird watching. It was an important medieval town before being destroyed in 1579 and granted to Sir Walter Raleigh. Allegedly he planted the first Irish potato here in 1588.
Today the old part of the town lies at the foot of a hill and the newer part has spread out along the edge of the bay. Within the walled town buildings from different eras sit happily side by side. Youghal's landmark is the Clock Gate, built in 1771, but it also has several other unusual buildings; Myrtle Grove, an Elizabethan Manor house once owned by Sir Walter; the Red House, a Dutch style house dating from the early 18th century and Tynte's Castle, a ruined 15th century towerhouse. It's one of Ireland's most popular seaside towns and in the summer rental properties are in high demand.
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Help To Buy Scheme
The property might qualify for the Help to Buy Scheme. Click here to see our guide to this scheme.
First Home Scheme
The property might qualify for the First Home Scheme. Click here to see our guide to this scheme.