Savills | Unit 22 Market Square, Mallow, Co Cork | Properties for sale
16,746 sq ft(1,555.75 sq m)
Price on application

Unit 22 Market SquareMallow, Co Cork

    Key features

    • High yielding cinema investment occupied by CFP Int Ltd t/a The Gate Cinema.
    • 5 Screen Cinema with a total capacity of approx 881 seats.
    • Located in the centre of Market Square Shopping Centre.
    • Large secure basement car park.
    • Current Rent of €140,000 per annum exclusive.
    • Current unexpired term of over 12 years.
    • Neighbouring occupiers include Dunnes Stores, Subway, Easons & Costa Coffee.

    Savills is delighted to offer to the market this high yielding investment opportunity located in the heart of Mallow Town Centre.

    About this property

    • The property comprises a first and second floor purpose built cinema complex which is part of the Market Square complex in Mallow town Centre. The cinema has independent access from the centre courtyard with lift access to the upper floor. The property is adjacent to Dunnes Stores and neighbouring occupiers include Costa Coffee, Subway, Easons, Heatons and Lifestyle Sports. The property comprises a total of 5 screens that can accommodate up to 881 people. The shop and ticket stand are located on the first floor foyer and the projection rooms are located on the second floor. All screens are fitted with tiered seating, laminate and carpet flooring, soft sound proofing drapery on the walls and recessed spot lighting.

    First Floor purpose built cinema with independent access from the central courtyard.

    Chris O'CallaghanProperty agent

    Local information

    • Mallow is at the intersection of the Cork – Limerick (N20) Road and the Rosslare – Killarney (N72) Road. The subject property is located within Market Square Shopping Centre which has become Mallow’s most popular shopping destination.
    • Mallow is easily accessible and well serviced featuring nationwide bus and rail routes. It has a population of c.12,000 people and has a well-established and vibrant commercial business and retail sector.

    Additional information

    • The cinema is let to CFP Int Limited t/a The Gate Cinema under a 14-year 4 month lease from the 1st of September 2017 at a current passing rent of €140,000 per annum. There is a cap and collar on the rent review clause of +/- 5%.
    • Viewings are strictly by appointment through the sole selling agents.

    Energy performance

    BER Rating: C2

    Available space

    FloorApprox Sq MApprox Sq Ft
    First Floor1,420.6615,292
    Second Floor (Projection Room)135.1116,746