Lot 1 - Units 1-6, Kinsale Commerical Park, Knocknabohilly, Kinsale, Co. Cork, P17 XY03

  • Unconditional Online Auction Sale
  • Guide Price* : €800,000

Investment Property For Sale - 16,800 sq. feet (1,561 sq. metres)

Location

Directions: If you place the Eircode P17 XY03 into google on your phone. Click search and this will bring you directly to Unit 1 of this Commercial Park. The property will be marked with a FOR SALE SIGN.

Description

DNG Creedon Auctioneers are proud to present an amazing investment opportunity to purchase 6 units in Kinsale Commercial Park. This is an industrial unit located 2km from Kinsale town. Kinsale Commercial Park houses approximately 10 units and is being well maintained and secured by electric gates. This investment opportunity comprises of 6 individual units expanding a total area of 16,800 sq ft which earns a combined rental income of €112,704 + VAT per annum representing a 14.08% initial yield.

The rental income for this industrial unit has a strong possibility of being uplifted to €130,000-€140,000 per annum. All units are fully occupied. Kinsale Commercial Park has excellent accessibility to all national transport routes. Kinsale is located along the Wild Atlantic Way which makes it very popular with tourists and is home to the Old Head of Kinsale Golf Links, a world class golf destination.

These properties comprise of: Unit 1: Unit 1 consists of the following: - Ground floor expands 1,000 sq ft. - First Floor expands 1,000 sq ft. - Ground Floor and First Floor are fully occupied. - BER D1 Unit 2: Unit 2 consists of the following: - Ground floor expands 1,000 sq ft. - First Floor expands 1,000 sq ft. - Ground Floor and First Floor are fully occupied. - BER C1 Unit 3: Unit 3 consists of the following: - Ground floor is split into 9 individual storage units over 3,000 sq ft. - First Floor is split into 10 office units over 3,000 sq ft. - Ground Floor and First Floor are fully occupied. - BER F Unit 4: Unit 4 consists of the following: - Ground floor expands 1,700 sq ft. - First Floor expands 1,700 sq ft. - Ground Floor and First Floor are fully occupied. - BER E1 Unit 5: Unit 5 consists of the following: - Ground floor expands 850 sq ft. - First Floor expands 850 sq ft. - Ground Floor and First Floor are fully occupied. - BER C3 Unit 6: Unit 6 consists of the following: - Ground floor expands 850 sq ft. - First Floor expands 850 sq ft. - Ground Floor and First Floor are fully occupied - BER C3

Directions: If you place the Eircode P17 XY03 into google on your phone. Click search and this will bring you directly to Unit 1 of this Commercial Park. The property will be marked with a FOR SALE SIGN.

DNG Michael Creedon, for themselves and for the vendors or lessors of the property whose Agents they are, give notice that: (i) The particulars contained herein are set out as a general outline for the guidance of intending purchasers or tenants, and do not constitute any part of an offer or contract and are not in any way legally binding. (ii) All descriptions, dimensions, references to condition and necessary permissions for use and occupation, and other details are given in good faith and are believed to be correct, but any intending purchasers or tenants should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of each of them. (iii) No person in the employment of DNG Michael Creedon has any authority to make or give representation or warranty whatever in relation to this development. (iv) The particulars contained herein are confidential and are given on the strict understanding that all negotiations shall be conducted through DNG Michael Creedon. (v) DNG Michael Creedon disclaims all liability and responsibility for any direct and/or indirect loss or damage which may be suffered by any recipient through relying on any particular contained in or omitted from the aforementioned particulars.

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Office Contact

Shane Finn Director DNG Creedon
021 4897300

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