The Loughmore Centre, Raheen Business Park, Raheen, Limerick City

The development incorporates modern office accommodation together with a crèche and includes four interconnecting blocks: The Ash (Block A), The Elm (Block B), The Oak (Block C) and The Willow Suite (Block D). The entire development extends to approximately 4,088 sq.m (44,000 sq.ft). Blocks A & B are partially occupied and Block C & D are currently vacant. Externally the development offers on site car parking within a landscaped environment. Typical car parking allocation ratios are 3 car parking spaces per 1,000 sq.ft leased or sold.

*Brief Investment Details:

Unit A1 Block A (Ground floor office approx. 2,312 sq.ft)
Let to the Health & Safety Authority under an IRI lease for a term of 9 years 11 months from February 2012 at a passing rent of €18,149 per annum. There is a tenant’s break option at the end of the fifth year.

Unit B1 Block B (Ground floor Crèche approx. 4,265 sq.ft)
Let to Kindercare under an IRI lease for a term of 9 years 11 months from March 2007 at a passing rent of €29,752 per annum.

Unit B2 Block B (First floor office approx. 2,300 sq.ft)
Let to The Card Company under an IRI lease for a term of 9 years 11 months from March 2007 at a passing rent of €23,376 per annum.

Unit B3 Block B (Second floor office approx. 600 sq.ft)
Let to Kasey O’ Shea under an IRI lease for a term of 4 years 9 months from September 2010 at a passing rent of €4,686 per annum.

Unit B4 Block B (Second floor office approx. 2,223 sq.ft)
Let to Jessie O’ Shea under an IRI lease for a term of 5 years from September 2009 at a passing rent of €14,490 per annum. There is a tenant’s break option at the end of the third year.

The remaining unoccupied accommodation in Blocks A, B, C & D is available for sale in a shell & core specification.

Block A approx. 6,094 sq.ft
Block B approx. 1,346 sq.ft
Block C approx. 14,273 sq.ft
Block D approx. 9,788 sq.ft

*Floor areas & lease details are subject to final verification.

Raheen Business Park is strategically located approximately 5 kilometres south west of Limerick city centre. The location is highly accessible with direct access to the Southern Ring Road. The Loughmore Centre is located in the second phase of Raheen Business Park in close proximity to Dell. The development benefits from a high profile location fronting one of the main distributor roads.

By appointment only