Charity begins at …. a Cork metropolis  funding property with a 7.5% return for consumers


A RETAIL funding in Cork metropolis’s historic Fortress Avenue has come to market, let to the Irish Most cancers Society who’ve run a charity store on the premises since 1993, held on a 35-year lease.

Simply supplied by way of agent Sam Kingston of Casey & Kingston is No 4a & 5 Fortress Avenue, a period-era property on a really authentic 18th-Nineteenth century metropolis avenue (as soon as a waterway, culverted within the early 1800s), with double frontage, and overhead lodging within the No 5 part.

Castle Street, Cork
Fortress Avenue, Cork

It’s supplied on behalf of the property of a personal proprietor, at €575,000 pa, and has a present lease of €43,500 with a c 7.5% return, and has 860 sq ft at floor stage together with retail and storage.

The higher flooring usually common 480 sq ft and whereas used as shops might go well with some increased finish use, or improve/conversion to residential lodging topic to planning permission and appropriate entry.

Auctioneer Sam Kingston notes the proximity to St Patrick Avenue and Daunt Sq., by the Roundy, the various business life together with nightlife and leisure close by on and off Washington Avenue, in addition to being a well-established hyperlink to North and South Primary streets.

The retail property has over eight metres of frontage, and occupiers the Irish Most cancers Society are recognized for his or her themed window shows.

In the meantime additionally on the market on the identical avenue is No 15 Fortress Avenue, beforehand Dennehy’s, with vacant possession and scope for blended makes use of, business at floor and potential residential on 4 overhead flooring.

Agent Dan Howard guides the 150 sq m (1,600 sq ft) and G-rated No 15 at €275,000.

No 18 Fortress Avenue, a 1,800 sq ft four-storey absolutely renovated mid-terraced constructing buying and selling as Fro-Yos, a frozen yogurt enterprise, is as much as let by way of brokers Cronin Wall, with the chance to take over the enterprise, inventory and tools.

A 1970s view of the CCYMS Theatre, Castle Street, Cork
A Nineteen Seventies view of the CCYMS Theatre, Fortress Avenue, Cork

On the nook in the meantime, of Fortress Avenue and South Primary Avenue, Nos 10,11, 12 and 13 Fortress Avenue have reportedly been bought at a Bidx1 public sale, together with 2,3 and seven Paradise Place with some emptiness (the CCYMS rooms) and revenue of €109,500, for €1.225 million.

DETAILS: Casey & Kingston 021-4271127


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