Opera Lane, Cork City Centre, Co. Cork
POA For Sale 9,964.00 sqm approxOpera Lane is the high street retail destination in Cork city centre connecting Patrick Street, Cork’s main shopping thoroughfare, to Half Moon Street, Cork Opera House and the Crawford Art Gallery which is currently undergoing a €30M re-development.
- For Sale in 1 Lot, the Opera Lane Collection comprises modern retail units occupied by high order retailers; Next, H&M, New Look, Specsavers, Therapie, Starbucks, River Island, Select Apple’s re-sale partner, Tommy Hilfiger, Victoria’s Secret and Bath & Body Works.
- These high profile retail units extends over lower ground, ground and first floor level and provide for large floor plates ideally suited to modern high street retailers. Combined, the stores extend to 107,251 sq ft / 9,964 sq m.
- Select and Tommy Hilfiger benefit from frontage onto both Patrick Street and Opera Lane. Starbucks has frontage and access points from Opera Lane and Emmet Place .
- The guide price for the collection is €22,000,000 providing for a NIY of 9.10% based on the current NOI of €2,200,258 per annum exclusive.
- WAULT to Break is 4.6 years and WAULT to expiry is 6 years.
- The Tenants are not affected by the sale. BER details available upon request.
For further information please visit www.opera-lane-retail.com
Contact (C&W Cork): Peter O'Flynn / Siobhán Young 021 4275454
Contact (C&W Dublin): Karl Stewart / Peter Love 01 6399300