Savills | The Moremiles Complex, Blackpool, Co Cork | Properties for sale
5,715 sq ft(530.94 sq m)
Excess of €1,500,000

The Moremiles ComplexBlackpool, Co Cork

    Key features

    • The property extends to 531 sq m with frontage directly onto the Redforge Road.
    • Located adjacent to the commercial core of Blackpool.
    • The property has a WAULT of 11.63 years.
    • The property is offered for sale with the benefit of the existing tenants

    Savills is delighted to offer to the market this prime retail investment opportunity located in Blackpool, Cork

    About this property

    • The overall property comprises of a purpose built split level, predominantly single storey retail development incorporating a total of 9 retail units fronting onto Redforge Road with a single retail unit at first floor level which is accessed directly off Dublin Hill. The property has the benefit of on street parking located immediately south of the property, and Blackpool Shopping Centre car park, with over 1,800 car parking spaces is located adjacent. The property has the benefit of an addition 10no. secured, gated car parking spaces located off Dublin Hill. The property is offered for sale with the benefit of the existing tenants. Please note that units 1, 7 & 9 are in third party ownership and do not form part of this disposal.

    Prime Suburban Retail Investment with 100% occupancy and currently generating a rental income of €163,655 per annum.

    Chris O'CallaghanProperty agent

    Local information

    • The subject property is located on the eastern side of the Redforge Road, which is immediately east of Blackpool Shopping Centre and south east of Blackpool Retail Park and sits in the V between Redforge Road and Dublin Hill.
    • Blackpool is located approximately 2 kilometres north of Cork City Centre on the N20 Mallow Road and would have the benefit of both high volumes of passing vehicular traffic and excellent connectivity to the city centre.
    • Blackpool Shopping Centre and Retail Park is a commercial hub for the north side of Cork City with retailers including Dunnes Stores, Argos, Heatons, Boots, Woodies DIY, McDonalds, Bank of Ireland, New Look, Sam McCauley and Lifestyle Sports.

    Additional information

    • Cork City is the second largest city in Ireland with a population of approximately 200,000 persons, with a county wide population of approximately 520,000 persons. The city offers a vibrant, diverse and compact core with a student population of approximately 30,000 and is home to University College Cork and Cork Institute of Technology. In addition, Cork has an excellent employment base of large multi-nationals including Apple, Dell/EMC, Amazon, Pfizer and Novartis.
    • Title - Good and Marketable
    • Pricing - Offers in excess of €1,500,000 exclusive.

    Energy performance

    BER Rating: D1 - G

    Available space

    Unit Tenant Size sq ft Lease Commencement Term Lease Expiry (Break Option)Contracted Rent Passing Rent
    Unit 2 & 3 A2B Ltd t/a Fudi & More2,63501/11/201910 yrs31/10/2029€45,000*€45,000*
    Unit 4 DP Realty Ltd t/a Dominos Pizza1,00301/01/200725 yrs31/12/2032€45,000€45,000
    Unit 5O’Connor Poole Opticians Ltd t/a O’Connor Poole Opticians88701/01/200725 yrs31/12/2032€44,550€40,095
    Unit 6Three Degree’s Hair Design Ltd t/a 3 Degrees Hair Salon72516/10/200920 yrs15/10/2029€36,950€17,560
    Unit 8Brewhaven46501/07/201415 yrs30/06/2029€16,000€16,000
    Car Parking Roof LevelVacant 10 Spaces