DescriptionSubstantial commercial premises with retail units on the ground floor and full planning permission approved to convert the overhead floors to 12 no 2 bed self contained apartments.The overall property extends to Circa 9,600 sq.ft over three floors. The ground floor units are currently let at a rent of 40,000 p/a. The overhead floors are vacant and immediately available for conversion. Good existing structure including concrete floors throughout. Superb location in very close proximity to Colbert Railway Station and just 5 minutes walk from Limerick City Centre. This is an ideal opportunity to invest in a prime city centre property with enormous rental potential. Note: Ground Floor tenants unaffected. Plans and full details of the proposed development available on request.
Features* Modern building with brick facade.
* Concrete floors throughout.
* All independently wired.
* Rear access to ground floor units.
* Just a short walk to Colbert Train Station and Limerick City Centre.
* Full planning permission approved for conversion and extension of upper floors for 12 no self contained apartment units.
* Upper floor also available for short term lettimg.
* Excellent investment opportunity.
DirectionsThis property is situated at the eastern side of Parnell Street. Nearby land marks include Sexton Street CBS, The Courthouse, Colbert Station and The Peoples Park.
Limerick is the capital of Ireland's Mid-West region with an urban and rural hinterland population of over 200,000 and is noted for its shopping, dining and entertainment, its historical significance, as well as its contributions to the arts. The city has grown its sporting and cultural image in recent years and generally the local business activists are doing their utmost to promote the city as a thriving business hub. The immediate city population is approximately 94,000 people.
There are three Major Higher Education Institutions with 21,000 students/graduates annually. The area is readily accessible by air, road, rail and port, Limerick is approximately 102 kms from Cork, 195 kms from Dublin, 196 kms from Rosslare Harbour, 102 kms from Galway and 21 kms from Shannon International Airport.