Unit 5.1, Market Square, O'Brien St, Mallow

9.4% Yield Fully Insured Commercial Investment, Prime Town Centre Location, Mallow, Cork

Price: 250,000
Rent: 23,500 plus Vat per annum, Rising Annually, Long-Term Tenant

A compelling opportunity to acquire a high-yield, low-management commercial investment extending to approximately 8,250 sq.ft, located in the hub of Mallow town centre, adjacent to all local amenities including retail, services, transport links, and public facilities. Located opposite Sports Direct and beneath the HSE clinic. The unit has the benefit of dual aspect windows onto O'Brien Street and Market Square and also lift and stairs access.

The property is fully let to a long-term tenant, currently producing an annual income of 23,500 plus Vat, reflecting a strong gross yield of approximately 9.4% at the asking price. The lease provides for annual rent increases of 500 per annum for the next two years, offering built-in income growth. The tenancy is unaffected, and the property benefits from Full IRI insurance and underground parking facilities, further enhancing its appeal as a secure, hands-off investment.

Investment Highlights:

Prime town centre location in the heart of Mallow
Current gross yield: 9.4%
Current rent: 23,500 p.a.
Contracted rent increases of 500 p.a. for the next 2 years, current lease commenced 1st February 2024 until 1st February 2029
Long-term tenant in situ
Full IRI insurance in place
Underground parking facilities included
Approx. 8,250 sq.ft commercial unit
Mains Services
A turnkey town-centre commercial investment offering immediate income, guaranteed rental growth, and minimal landlord responsibility ideally suited to private investors or pension funds.
Management fees & rates serviced by the tenants

To arrange an appointment to view contact Liam Mullins 022 21400 or 087 2441625

These particulars have been prepared with care, but their accuracy is not guaranteed they do not form part of any contract and are not to be used in any legal action. Intending Purchasers/Lessees must satisfy themselves or otherwise of any statements contained herein and no warranty is implied in respect of the property described. The particulars are issued on the understanding that all negotiations are conducted through the agency of Liam Mullins & Associates