Description
The property comprises a four-storey over-basement mid-terrace Georgian building with large site to rear.
Georgian Building
The Georgian building comprises a mid-terraced Georgian building having accommodation at basement, ground, first, second and third floors. The ground floor unit is currently leased to Limerick Animal Welfare and the upper floors are currently vacant. The upper floors require refurbishment. The upper floors are accessed via a separate door from William St. The overall size of each floor is approx. 48.08 sq.m/517.52 sq.ft
Rear site
The rear site comprises of (0.03 hectares/0.08 acres). The property has vehicular access to Denmark St and is currently used as a car park. The site may have development potential (subject to any necessary planning permission).
Tenancies
The ground floor of the Georgian building is currently leased for a period of 5 years from the 25th May 2023, with a passing rent of €22,600 pa exclusive of all other outgoings. A deed of renunciation has been signed.
The tenant in the rear car park is currently overholding from a lease which expired in 2020. Notice to terminate has been issued by the vendor. BER Details
Directions
The property is situated on William St. and Denmark St. in Limerick City Centre. The Georgian building fronts onto William St., and the rear site fronts onto Denmark St. The property is close to the junction of William St. and High Street. Neighbouring occupiers include numerous retail units such as Fennessy’s, Paddy Power bookmakers, Aroma Amusements, Every Blooming Flower Shop, and EuroGiant. Disclaimer
These Particulars and Terms are issued by Rooney Auctioneers (Limerick) Limited on the agreed understanding that all negotiations in respect of the property mentioned, are and will be conducted through them. Whilst every care has been taken in preparing these Particulars and Terms of the said property, Rooney Auctioneers (Limerick) Limited do not warrant these Particulars and Terms or any representations made by them about the property and all intending purchasers/lessees should satisfy themselves as to the correctness and/or accuracy of the information given. Rooney Auctioneers (Limerick) Limited shall further not be liable for any loss or expenses, which may be incurred in visiting the property, should it prove unsuitable or to have been let, sold or withdrawn.
