Pharmacy underpins healthy rent roll at €795k  Skibbereen investment

Investment property in the heart of the town has a healthy rent roll

74 Bridge Street Skibbereen, Co Cork.

An investment property, with strong tenant pharmacy at ground level, set to generate up to €70,000/annum in total income has come for sale in the heart of Skibbereen.

Already getting some active investor interest is 74 Bridge St — a very well-kept, mixed-use traditional building of almost 5,000 sq ft, in a profile corner setting by the Uillinn West Cork Arts Centre and car parks.

Set to have a healthy rent roll from its four overhead apartments — which are ready to rent out — and a ground pharmacy already in situ on a long lease at approximately €36,000 pa to occupiers Hamilton’s, No 74 is being sold by estate agent Ray O’Neill, of Sherry FitzGerald O’Neill, on behalf of local investor owners.

At a €795,000 asking price, Mr O’Neill’s pitching it at private investors and small pension funds and describes it as being in very sound condition. It has 1,960 sq ft at the ground for the pharmacy and four overhead apartments, two of them are two-bedroomed and two are singles, and one of the latter has a conservatory.

The apartments are vacant, but furnished, and ready to let and are not rent controlled.

The four combined could add up to €40,000 to the overall rent roll of up to €70,000, it is suggested.

“It’s an excellent opportunity to get an exceptional freehold investment property, with excellent rental income, within the town centre of Skibbereen,” Mr O’Neill states and says the pharmacy is now on a new lease from 2024.

DETAILS: Sherry FitzGerald O’Neill 028-21404