7 Main Street, Midleton, Co Cork

Location

The subject property occupies a prominent location on main street, Midleton, a busy thoroughfare in this east Cork town, 1.2km from Cork city centre. The town has become a very popular commuter hub to Cork city in recent years.

Other retailers in Midleton include; Tesco, Heatons, Sam McCauley Chemists, Spec Savers along with a host of local boutiques, coffee shops and the world famous Jameson Whiskey Heritage Centre.

Description

The subject unit comprises a regular shaped ground floor retail unit of 185 sq m (2,000 sq ft) with excellent frontage onto the main street. The unit has the benefit of an extensive fit-out and would be suitable for a variety of uses, subject to the necessary planning permissions.

Lease

The unit is held under a 20 year FRI lease from 7th January 2008, subject to 5 yearly rent reviews. The lease incorporates a tenants break option in the tenth year of the term, subject to 9 months written notice.

Accommodation

The approximate net internal floor areas are as follows:

The above areas are subject to a final joint measurement.

Rent

€115,000 per annum

Rates

We understand that the annual rates (2010) for the property will be €10,354.

Service Charge

€1,500 per annum