1 - 7 Garryglass Business Park, Ballysimon, Limerick - Lisney Commercial Dublin - 4696746

€2,700,000

Beds
Price	€2,700,000
Property Type	Industrial Units
Size	meters²
Energy Rating	BER-B3-E2
Refreshed on
Eircode	V94 CX4C

Description

Rare opportunity to acquire a high profile 1.05 ha (2.59 acre). freehold site. The property provides for a mixture of retail warehousing (showrooms) and warehouse accommodation. Extending to approx. 4,347sq.m (46,787 sq.ft) GEA. Large car parking area to the front providing approx. 90 no. car parking spaces with ancillary parking, loading areas and yard space located to the side and rear. The property is currently configured as five distinct commercial units (one vacant). Tenants include The Paneling Centre, Luminaire, Slide Deco, and Blue Box (Antiques). Rental income €179,800 p.a from four tenants, with anticipated rental increases at rent reviews and lease renewals. Weighted average unexpired lease term (WAULT) of 4.74. The entire is zoned Retail Warehousing under the 2022-2028 Limerick Development Plan, offering long term redevelopment potential (subject to planning permission). For sale by private treaty.

Rooms

Unit 1 - 12511.0sq ft Let to Private individualt/a Blue Box Antiques. Passing rent - €24,000 p.a. Unit 2 - 3426.0sq ft Let to Pro Slide Ltd. Passing rent - €10,800 Unit 3 - 2566.0sq ft Vacant Unit 4 - 8445.0sq ft Let to Robford Ltd. Passing rent - €15,000 p.a. Unit 5 - 7 - 19839.0sq ft Let to Panelling Centre Ltd. Passing Rent - €130,000 p.a.

Features

SITE AREA OF APPROX. 1.05 HA (2.59 ACRES) ZONED RETAIL WAREHOUSING. APPROX 120 METRES OF FRONTAGE ONTO THE OLD BALLYSIMON ROAD. WAULT OF 4.74 YEARS INC NEAREST BREAKS. SCOPE TO IMMEDIATELY INCREASE INCOME AT UPCOMING RENT REVIEWS AND LEASE RENEWALS, AND BY LEASING UNIT 3. ASSET MANAGEMENT OPPORTUNITIES TO ENHANCE VALUE.

BER Details

BER: B3 - E2

Directions

Limerick is the capital of the Mid-West region and is located approximately 200 km southwest of Dublin city and 100 km northeast of Cork city. The property is situated within Garryglass Business Park and fronts onto the Old Ballysimon Road Located approx. 3.5 km southeast of the city centre and 1.5km from the M7/N24 interchange. The Garryglass area is a well-established commercial location benefitting from an excellent range of amenities and road networks. The M7 motorway, and the N20 and N24 national primary routes are all easily accessible and provide good access to all Limerick regions and the rest of the country. The new Bon Secures Private Hospital (currently under construction), City East Plaza (office development), City East Retail Park – anchored by B&Q and Harvey Norman, Eastpoint Retail Park, Delta Retail Park are all located less than 500 metres from the property. Other occupiers in the immediate area include Conlan’s BMW & Audi car dealerships and PJ Mathews.

1 - 7 Garryglass Business Park, Ballysimon, Limerick

1 - 7 Garryglass Business Park, Ballysimon, Limerick

€2,700,000

Description

Rooms

Features

BER Details

Directions

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