And Nos. 10, 11/12 and No. 13 Castle Street, For Sale by Private Treaty - Savills
←
→
Page content transcription
If your browser does not render page correctly, please read the page content below
For Sale by Private Treaty
Tenants Not Affected.
Prime City Centre Investment/
Development Opportunity
Nos. 10, 11/12 and No. 13 Castle Street,
and
Nos. 2/3 and No. 7 Paradise Place, Cork.
BER exempt.
Property Highlights
• The property comprises a prime city centre investment opportunity with a rare development/
asset management opportunity located less than 150 metres from Patrick Street and adjacent
to Washington Street
• The overall property extends to approximately 957.84 sq.m. (10,310 sq.ft.) over ground
and upper floors
• The vacant upper floors are suitable for a variety of uses including leisure, cinema,
restaurant/bar or residential, subject to planning permission
• The entire is zoned “City Centre Retail Area” in the Cork City Development Plan 2015 – 2021
• The property is offered for sale with the benefit of the existing tenancies
Location
Castle Street is located less than 150
metres west of Patrick Street and Grand
Parade and acts as one of the main
thoroughfares of the city linking Patrick
Street/Daunt Square with North Main
Street and South Main Street.
The area has a diverse commercial
offering including a vibrant night life
with numerous bars and restaurants
located in the immediate vicinity.
Neighbouring retail occupiers of note
include TK Maxx, Lidl, Dealz, Lifestyle
Sports and Homesense, while nearby
nightlife occupiers include The Raven,
Rearden’s, Dwyer’s, and Brick Lane.
Description
The overall property comprises a corner site end of terrace five bay three
storey hall built in c. 1880 with curved corner to the north – west.
The property comprises a prime city centre investment and redevelopment
opportunity located on the corner of Castle Street and Paradise Place.
The holding includes one vacant ground floor unit, Gleeson Jewellers,
Boylesports, Fast Al’s and the former CCYMS space on the first
and second floors.
The building extends to approximately 957.84 sq.m. (10,310 sq.ft.). Please
note that Units 1, 4, 5 & 6 Paradise Place are not forming part of this sale.
Zoning
The property is zoned “City Centre Retail Area” in the Cork City Development
Plan 2015 – 2021. The objective of this zoning is to provide for the protection,
upgrading and expansion of retailing, in particular higher order comparison
retailing, as well as a range of other supporting uses in the City Centre retail
area.
The properties known as 10, 11, 12 & 13 Castle Street are noted as Protected
Structures by Cork City Council, in addition to 2, 3 & 7 Paradise Place.
Development Potential
Tenancy Schedule The upper floors of the property comprise the vacant former CCYS space
which includes an exceptional double height hall area, previously used as a
small theatre, in addition to a series of smaller independent rooms located at
Unit Tenant Area Sq.M Term Term Start Term End Rent Next Passing
Review Review Rent first and second floor.
Pattern Date
10 Castle Street Vacant 54.54 N/A N/A N/A N/A N/A N/A
The upper floors offer a potential developer a truly unique blank canvas
11 / 12 Castle Street Steven & Mary Gleeson 71.40 Overholding Overholding Overholding N/A N/A €12,500
which is suited to a variety of potential uses including boutique cinema,
13 Castle Street / Boylesports Limited 208.46 10 years 27.04.2018 26.04.2028 5 Years 27.04.2023 €85,000
restaurant / bar, office space, hostel or residential uses, all subject to
7 Paradise Place
planning permission.
2 / 3 Paradise Place Alan Goulding 16.29 20 years 15.07.2002 14.07.2022 5 Years N/A €12,000
CCYMS (Upper Floors) Vacant 607.15 N/A N/A N/A N/A N/A N/A
There is potential for the provision of a separate upper floor access also via
957.84 sq.m. €109,500
the vacant ground floor retail unit on Castle Street.
WES
Exempt
BON
TERN
SECOURS
HOSPITAL
BER
ROA
Mr. Tom Fox
D
Pricing
Solicitor
Viewing
Ronan Daly Jermyn
GAOL
CORK CITY
€1,300,000 exclusive
LAN
City Gate, Mahon, Cork.
CAS
DY
SUN
CA
TER
T
DAY
KE PA
QUA
RA
Y
S WE
DE
ST. A
LL R
T N
OAD
HO
N Y'S R
BLARN
OA
D
EY STR
N
EET
ORT
BAC
H
HE
HEL
N
MA
B
RY
OR
LL
'S
ST
Strictly by appointment through the joint selling agents.
ISHOP
QU
GRA
FTO
AY
ST
NS
T
WASH
MA
IN SHA
FREN
LIBERT
STR NN
ON
CH
INGTO
EET
STR
Y ST
EE
N
CA
S
DO
QUAY
savills.ie
N MARK
MAIN COR
STREE
ST
TLE
ET S
T
T
MIN
S T
Savills Cork,
POPE'S
ICK
Peter O’Meara
ST
PAU
L
QUAY
ST
Chris O’Callaghan
PSRA No.: 002233
+ 353 21 490 6114
+ 353 21 427 1371
UPPER
+ 353 21 490 6123
11 South Mall, Cork.
SULLIVAN QUAY
MUNICIPAL GALLERY
OLIV
peter.omeara@savills.ie
OPERA
CRAWFORD HOUSE
STR
ER P
EET
L
chris.ocallaghan@savills.ie
SO
GEO
UNK
The Property
LAVITT
UTH
ET
Selling Agents
RGE
M
'S Q
T ST
'S Q
ALL
UAY
REE
T
UAY
Cork
MERCH
ST. PATR
MAC CU
IC
Cbre.ie
SOU
ANT'S Q
CBRE Cork
TH T
RTAIN ST
R
K'S QUAY
UAY
ERRA
EET
AN
Brian Edwards
BUS
CE
GLE
One Albert Quay
SEA
STR
PSRA No: 001528
LAP
STATION
EET
ALB
P'S
CITY
+ 353 21 491 7255
+ 353 21 491 7255
HALL
ERT
QU
Q
AY
PENR
UAY
ROAD
ITY LINK
OSE'S
Brian.s.edwards@cbre.com
WE
SOUTH C
LLI
ALB
AD
N
SUM
ERT
TY LINK RO ST
QUAY
SOUTH CI
GT
ME
HOUSE
ON
RH
CUSTOM
DO
ILL
RO
RAILWAY
HO
UG
ST
AD
SP
LA
LOW
ALBERT RO
SR
AD
OA
VI
D
CT
O
HORGA
RI
A
VICT
ER GLAN
KENT
RO
STATION
AD
ORIA
N'S QU
AY
QUA
For identification purposes only.
Y
MIRE ROAD
Savills Ireland, CBRE, and the Vendor/Lessor give note that the particulars and information contained in this brochure do not form any part of any offer or contract and are for
guidance only. The particulars, descriptions, dimensions, references to condition, permissions or licences for use or occupation, access and any other details, such as prices, rents
or any other outgoings are for guidance only and are subject to change. Maps and plans are not to scale and measurements are approximate. Whilst care has been taken in the
preparation of this brochure intending purchasers, Lessees or any third party should not rely on particulars and information contained in this brochure as statements of fact but must
satisfy themselves as to the accuracy of details given to them. Neither Savills Ireland, CBRE, nor any of their employees have any authority to make or give any representation or
warranty (express or implied) in relation to the property and neither Savills Ireland CBRE, nor any of their employees nor the vendor or lessor shall be liable for any loss suffered
by an intending purchaser/Lessees or any third party arising from the particulars or information contained in this brochure. Prices quoted are exclusive of VAT (unless otherwise
stated) and all negotiations are conducted on the basis that the purchasers/lessees shall be liable for any VAT arising on the transaction. This brochure is issued by Savills Ireland
and CBRE on the understanding that any negotiations relating to the property are conducted through it. All maps produced by permission of the Ordnance Survey Ireland Licence
No AU 001799 © Government of Ireland.
design | conradjones.comYou can also read
