Savills | 37 St Patrick's Street, Cork City, Co Cork | Properties for sale
2,000 sq ft(185.81 sq m)
Price on application

37 St Patrick's StreetCork City, Co Cork

    Key features

    • Prime city centre retail investment opportunity for sale in St Patrick Street.
    • Let on a 15 year lease from Sept 2015 at a passing rent of €77,500 per annum.
    • Extends to a total floor area of approx. 2,000 sq ft over four floors.
    • 597 sq ft of ground floor retail space
    • Good and marketable title.
    • The property is offered for sale with the benefit of the existing tenants.
    • Seeking offers in excess of €1,100,000 exclusive

    Savills are excited to have been appointed as sales agents for this prime city centre retail investment property located on St Patrick Street.

    About this property

    • The property comprises a mid terrace four storey building, which is fully let to Pan Jewellery Limited trading as Pandora, under a 15 year lease from September 2015 at a passing rent of €77,500 per annum, with rent reviews in 2020 and 2025. The tenant has a break option in 2021. The property is being offered to the market with the benefit of the existing tenants occupation. The building comprises ground floor retail space with staff and stock accommodation on the upper floors. The tenant Pandora have fitted out the unit to an extremely high standard and the unit has the benefit of excellent profile. The frontage of the property extends to approx. 6 metres and is a modern glazed facade maximising the retailing profile of the property.

    37 St Patrick Street is a superbly positioned compact retail investment located in one of the highest footfall areas on St Patrick Street.

    Chris O'CallaghanProperty agent

    Local information

    • No. 37 is located in heart of St Patrick Street in one of the highest footfall locations, with surrounding occupiers including Monsoon, Mountain Warehouse, Vision Express, Holland and Barrett and Permanent TSB. In addition, the property is located adjacent to Opera Lane.

    Additional information

    • Cork is Ireland’s second city and is set to be the fastest growing region over the next 20 years under the recently released Ireland 2040 Plan. The city has a vibrant, diverse and young skilled workforce with over 60 overseas tech companies employing 14,000 people as well as in excess of 150 FDI companies employing over 35,000 people. Large multinational employers in the city and county includes Apple, Dell EMC, Amazon, Johnson Controls and Johnson & Johnson. It’s not hard to see why Cork has been the destination of choice for so many international companies as it benefits from two prestigious third level academic institutions, UCC & CIT, Ireland’s second largest airport and an excellent road and rail network.

    Energy performance

    BER Rating: E2