Description
Accommodation
BER Details
Lot Number
Negotiator
Auction Location
Auction Time
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Beds | |
Price | €1,100,000 |
Property Type | |
Size | meters2 |
Energy Rating | BER-C3 |
Refreshed on | Aug 18, 2025 |
Eircode | V94P5R7 |
Group Name | BidX1 Ireland Ltd |
Sales License Number | 001652 |
Description
A retail investment. Comprising ground and first floor retail unit. Extending to approximately 346 sq. m (3,724 sq. ft). High footfall location in Limerick City Centre. Let to Foot Locker. Lease expiry 2029. Current rent reserved 180,000 per annum. Net Initial Yield 14.88% The property is arranged over basement ground and first floor only to provide a mid-terrace retail unit. Internally the property comprises an open plan retail unit over ground and first floor. The property is situated on Cruises Street in the heart of Limerick City benefiting from a high volume of footfall. Other notable occupiers in the immediate vicinity include JD Sports,Specsavers, Arthurs Quay Shopping Centre, The Savoy Hotel Limerick and St. Johns Hospital. Total floor area extending to approximately 346 sq. m (3,724 sq. ft) The entire property is at present let to Let to Foot Locker for a term of 35 years from 19/10/1994 at a contractual rent of 180,000 per annum, exclusive of rates and VAT. The lease provides for upward only rent reviews every fifth year and contains full repairing and insuring covenants.
Accommodation
BER Details
BER: C3 800857344 324.07 kWh/m²/yr
Lot Number
-
Negotiator
Richard Hoey
Auction Location
Online - BidX1
Auction Time
2025-09-17 10:30
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Date created: Aug 18, 2025