Watersedge, Midleton, P25H C60

Residential & Commercial Investment with Attractive Asset Management Opportunities.

Accommodation includes 36 apartments, a McDonalds drive-thru and over 33,000 sq ft of commercial space.

Investment Highlights

• Large mixed-use investment comprising 36 apartments, a McDonalds drive through restaurant, approx. 3,105.6 sq m / 33,429 sq ft vacant commercial space, a multi-storey car park and extensive surface parking.
• The 36 residential apartments comprise 25 x two bedroom and 9 x three bedroom apartments fully occupied at a combined passing rent of €487,044 per annum.
• The McDonalds driv-thru restaurant is in occupation on a 35 year lease from March 2004 at a passing rent of €82,500 per annum exclusive.
• Current combined annual income of €569,544 per annum exclusive.
• 3,105.6 sq m / 33,429 sq ft of commercial space arranged over ground, 1st and 2nd floor accommodation. The majority is in core condition providing asset management and change of use opportunities.
• There is extensive surface and multi storey car parking available on site for both residential and commercial occupiers.
• Aldi and the 1st floor owner occupied commercial units in the Watersedge block do not form part of the sale. All tenants and occupiers of the development are not affected by the sale.
• Midleton is the largest residential and commercial centre in East Cork and is well positioned close to major employment hubs in Little Island, Mahon and the city centre via the N25 road and commuter train network.
• Midleton is well serviced by Tesco, SuperValu, Aldi, Lidl, McDonalds, local restaurants, cafes and bars, a number of primary and secondary schools and is also home to the Jameson Distillery. There is an excellent farmer market each Saturday morning.
   

For further information visit www.watersedge-investment.com