City Centre (Limerick)

+9

Stuffins, Mulgrave Street, City Centre (Limerick), Limerick City

€470,000

V94C974 1 m²

Stuffins, Mulgrave Street, City Centre (Limerick), Limerick City

€470,000

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Beds
Price	€470,000
Property Type	Investment Property
Size	1 meters²
Energy Rating	BER-E1
Refreshed on	Mar 6, 2024
Eircode	V94C974

Description

Excellent Commercial Investment comprising Takeaway and Retail Unit For Sale. Takeaway - Well established Chinese / European takeaway with lucrative turnover and large catchment population. High profile location close to the city centre (available with vacant possession due to owner retiring). Fully fitted kitchen inclusive of all fixtures & fittings. Option to take over the business or let the takeaway (estimated rental value €30,000 per annum). Also includes Ground Floor Retail Unit Let as a Barber Shop on an informal lease from 2020 at passing rent of €7,800 per annum. Total expected rent of approx. €38,000 per annum. Based on the asking price of €470,000 this would result in an attractive Gross Initial Yield of 8%. Commercial rates: Retail unit €1,000 per annum. Takeaway unit €2,200 per annum Accommodation Ground Floor Takeaway - counter area, fully fitted & equipped kitchen, food prep area, 2 stores, plant room, staff toilets & plant room. Barber shop – retail area, kitchen and toilet. Asking price €470,000 Note: Please note we have not tested any apparatus, fixtures, fittings, or services. Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.

BER Details

BER: E1 BER No.105912 Energy Performance Indicator:1163.37 kWh/m²/yr

Viewing Details

By appointment with DNG Cusack Dunne

Features

Parking

En-suite

Washing Machine

Dryer

Cable Television

Central Heating

Microwave

Broadband

Patio

Alarm

Walk In Shower

Description

Excellent Commercial Investment comprising Takeaway and Retail Unit For Sale. Takeaway - Well established Chinese / European takeaway with lucrative turnover and large catchment population. High profile location close to the city centre (available with vacant possession due to owner retiring). Fully fitted kitchen inclusive of all fixtures & fittings. Option to take over the business or let the takeaway (estimated rental value €30,000 per annum). Also includes Ground Floor Retail Unit Let as a Barber Shop on an informal lease from 2020 at passing rent of €7,800 per annum. Total expected rent of approx. €38,000 per annum. Based on the asking price of €470,000 this would result in an attractive Gross Initial Yield of 8%. Commercial rates: Retail unit €1,000 per annum. Takeaway unit €2,200 per annum Accommodation Ground Floor Takeaway - counter area, fully fitted & equipped kitchen, food prep area, 2 stores, plant room, staff toilets & plant room. Barber shop – retail area, kitchen and toilet. Asking price €470,000 Note: Please note we have not tested any apparatus, fixtures, fittings, or services. Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.

BER Details

BER: E1 BER No.105912 Energy Performance Indicator:1163.37 kWh/m²/yr

Viewing Details

By appointment with DNG Cusack Dunne

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Price Changes in City Centre (Limerick)

Mulgrave Street, City Centre (Limerick), Limerick City

-€120,000 (-20.34%)

€590,000 €470,000

11th Apr 24

Stuffins, Mulgrave Street, City Centre (Limerick), Limerick City

-€120,000 (-20.34%)

€590,000 €470,000

11th Apr 24

3 O Connell Street, City Centre (Limerick), Limerick City

-€100,000 (-11.76%)

€850,000 €750,000

15th Mar 24

37b Cruises Street, City Centre (Limerick), Limerick City

-€30,000 (-10.91%)

€275,000 €245,000

23rd Oct 23

3 O Connell Street, City Centre (Limerick), Limerick City

-€125,000 (-12.82%)

€975,000 €850,000

12th Oct 23

3 O Connell Street, City Centre (Limerick), Limerick City

-€25,000 (-2.50%)

€1,000,000 €975,000

5th May 23

View All Price Changes

Price Changes In City Centre (Limerick)

DNG Cusack Dunne

Tel: 061 2...

PSRA Licence No. 002730

Date created: Mar 6, 2024