11/12 & 13 Castle Street and 2/3 & Paradise Place, Cork - For Sale by Private Treaty Prime City Centre Investment / Development Opportunity ...
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For Sale by Private Treaty
10, 11/12 & 13 Castle Street
and 2/3 & Paradise Place, Cork.
Prime City Centre Investment / Development Opportunity
(Tenants Not Affected)
Property Highlights
Description
• T
he property offers a prime city centre investment opportunity with development potential
located less than 150 metres from Patrick Street The overall property comprises a corner
site end-of-terrace, five bay, three storey
• The overall property extends to approximately 957.84 sq.m. (10,310 sq.ft.) hall built in c. 1880 with curved corner
to the north – west.
• The entire is zoned “City Centre Retail Area” in the Cork City Development Plan 2015 – 2021
• T
he property is offered for sale with the benefit of the existing tenancies and a current rent The property comprises a prime city centre
roll of €209,500 per annum investment and redevelopment opportunity
located on the corner of Castle Street and
Paradise Place. The holding includes one
vacant ground floor retail unit,
Gleeson Jewellers, Boyle Sports, Fast Al’s
and the former CCYMS space on the first
and second floors.
The building extends to approximately
957.84 sq.m. (10,310 sq.ft.). Please note
that Units 1, 4, 5 and 6 Paradise Place are
not forming part of this sale.
Location Zoning Tenancy Schedule
Castle Street is located less than 150 metres west The property is zoned “City Centre Retail Area” Unit Tenant Area Term Term Start Term End Rent Review Next Review Passing
of Patrick Street and Grand Parade and acts as one in the Cork City Development Plan 2015 – 2021. Sq.m. Pattern Date Rent
of the main thoroughfares of the city linking Patrick The objective of this zoning is to provide for 10 Castle Street Vacant 54.54 N/A N/A N/A N/A N/A €0
Street / Daunt Square with North Main Street and the protection, upgrading and expansion of
South Main Street. retailing, in particular higher order comparison
retailing, as well as a range of other supporting 11 / 12 Castle Street Steven and 71.40 35 years 1982 2017 5 years N/A €12,500
The area has a diverse commercial offering uses in the City Centre retail area. Mary Gleeson
including a vibrant night life with numerous bars 13 Castle Street / Boylesports 208.46 9 years 27.05.2008 26.04.2018 5 years N/A €185,000
and restaurants located in the immediate vicinity. The properties known as 10, 11, 12 and 13 7 Paradise Place Limited 11 months
Neighbouring occupiers of note include Argos, Castle Street are noted as Protected Structures 2 / 3 Paradise Place Alan Goulding 16.29 20 years 15.07.2002 14.07.2022 5 years N/A €12,000
Captain Americas, Wagamama, and Lidl and TK Maxx by Cork City Council, in addition to 2, 3 and
at the Cornmarket Centre. 7 Paradise Place. CCYMS (Upper Floors) Vacant 607.15 N/A N/A N/A N/A N/A €0
957.84 €209,500
WES
BON
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HOSPITAL
Exempt.
ROA
BER
D
Mr. Tom Fox
Pricing
On application.
GAOL
CORK CITY
VIEWING
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Ronan Daly Jermyn
CAS
SOLICITOR
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City Gate, Mahon, Cork.
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Strictly by appointment through Savills, the sole selling agents.
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savills.ie
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The Property
LAVITT
Savills Cork,
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Aisling Doyle
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Peter O’Meara
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Chris O’Callaghan
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PSRA No.: 002233
+ 353 21 490 6114
+ 353 21 427 1371
+ 353 21 490 6123
+ 353 21 422 6632
11 South Mall, Cork.
MERCH
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aisling.doyle@savills.ie
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peter.omeara@savills.ie
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chris.ocallaghan@savills.ie
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For identification purposes only.
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Savills Ireland and the Vendor/Lessor give note that the particulars and information contained in this brochure do not form any part of any offer or
contract and are for guidance only. The particulars, descriptions, dimensions, references to condition, permissions or licences for use or occupation,
access and any other details, such as prices, rents or any other outgoings are for guidance only and are subject to change. Maps and plans are not to
scale and measurements are approximate. Whilst care has been taken in the preparation of this brochure intending purchasers, Lessees or any third
party should not rely on particulars and information contained in this brochure as statements of fact but must satisfy themselves as to the accuracy of
details given to them. Neither Savills Ireland nor any of its employees have any authority to make or give any representation or warranty (express or
implied) in relation to the property and neither Savills Ireland nor any of its employees nor the vendor or lessor shall be liable for any loss suffered by
an intending purchaser/Lessees or any third party arising from the particulars or information contained in this brochure. Prices quoted are exclusive
of VAT (unless otherwise stated) and all negotiations are conducted on the basis that the purchasers/lessees shall be liable for any VAT arising on the
transaction. This brochure is issued by Savills Ireland on the understanding that any negotiations relating to the property are conducted through it. All
maps produced by permission of the Ordnance Survey Ireland Licence No AU 001799 © Government of Ireland.
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