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For Sale by Private Treaty (Tenants not affected)
Outstanding Investment Opportunity Bank of Ireland, 150 Bank Place, Mallow, Co. Cork
EXEMPT
Location The subject property is located on south side of Bank Place, the main thoroughfare and retail area of Mallow. Mallow is the administrative capital of North Cork with a population of approximately 23,210 (Census 2011). Mallow is a strong retailing town which includes Dunnes Stores, Heatons, LIDL and adjoining occupiers to the subject property include Permanent TSB, AIB, McDonalds and Specsavers. The town is well served by a modern road network linking it to Cork, Limerick and Killarney and there is also an Irish Rail service providing a regular commuter service to Cork city.
150 Bank Place Mallow Co. Cork
Executive Summaryl Current passing rent of €270,695 per annum. l 16.75 years unexpired lease term. l Imposing three storey detached period style property. l Approximately 476 sq.m (NIA). l Located on the principal retail thoroughfare of Mallow.l Bank of Ireland not affected. l Rear car park with future development potential (SPP)
THE SWAN SHOPPING CENTRE
LOW
ER R
ATH
MIN
ES R
OAD
DRUM
CONDRA
ROAD
LOW
ER
ST G
EORG
ES’S
AVE
FAIR
STR
EET
CHAP
EL L
ANE
Dea
l Yar
d La
ne
SAINT ANNES RD NORTH
GRATTAN PARADE
FITZROY AVENUE
THOMAS DAVIS STREET
CLONLIFFE ROAD
CASTLEWOOD AVENUESWANVILLE PLACE
GREENW
ICH CO
URT
WYNNFIELD ROAD
LEINSTER SQUARE
EMM
ET STREET
DRUMCONDRA STATION
Commuter Rail Line
Description The property comprises an imposing detached period property with single storey extension to the rear. The building is of traditional masonry and brick construction under a pitched slate and timber roof.
The property is in excellent condition throughout having undergone an extensive refurbishment a number of years ago. There is a modern fit out throughout incorporating timber floors, spot lighting, plastered and painted walls etc. Accommodation is laid out to include the main banking hall and offices on the ground floor, with the first and second floor laid out to provide for office and storage space.
Externally, there is a car park to the rear of the property which provides accommodation for up to 7 vehicles. This is accessed from Bank Place.
Accommodation Floor Floor Area Description
Ground 207.7 sq.m 2,236 sq.ft Banking Hall / 98.2 sq.m 1,057 sq.ft Offices
First Floor 97.6 sq.m 1,051 sq.ft Offices
Second Floor 72.5 sq.m 780 sq.ft Offices
Total 476 sq.m 5,124 sq.ft
*All intending purchasers will need to satisfy themselves as to the exact correctness of the measurements provided.
Tenancy The property is let to the Governor & Company of the Bank of Ireland on a 25 year full repairing and insur-ing (FRI) lease from 01st July 2007 at a current rent of €270,695 per annum. The lease is subject to five yearly upward only rent reviews.
BER Rating BER exempt. (The property is a protected structure).
Rates The rates payable for 2015 are €19,931.34. (Tenant Responsible).
Contact DetailsMurphy Mulhall, 3rd Floor, Garryard House, Earlsfort Terrace, Dublin 2.
Robert Murphy T: +353 (0) 1 531 1042 E: [email protected]
Brian Gaffney T: +353 (0) 1 531 1032 E: [email protected]
w: murphymulhall.ie
DisclaimerThese particulars are issued by Murphy Mulhall on the understanding that any negotiations relating to the property are conducted through them. While every care is taken in preparing them for themselves, Murphy Mulhall and for the vendor/lessor whose agents they are given notice that (i) The particulars are set out as a general outline for guiding potential purchasers/tenants and do not constitute any part of an offer or contract. (ii) Any representation including descriptions, dimensions, references to condition, permissions or licenses for uses or occupation, access and any other details are given in good faith and are believed to be correct, but any intending purchasers or tenant should not rely on them as statements or representations of fact but must satisfy themselves (at their own expense) as to their correctness. (iii) Murphy Mulhall nor any of their employees have any authority to make or give any representation or warranty in relation to the property. PSRA LICENCE NUMBER: 002341
Planning The subject property is located within an area zoned ‘Defined Town Centre’ in the Mallow Town Development Plan 2010 – 2016.
The property is listed as a Protected Structure under the Development Plan.
Tenure We understand the property is held Freehold and unencumbered.
PriceUpon request from the sole selling agents
150 Bank Place
THOMAS DAVIS STREET
EMMET STREET
Hibernian HotelHeatons
TESCOMcDonaldsDunnes Stores
