DescriptionFOR SALE— Development site with planning permission for the construction of 20 x 2 & 3 bed apartments alongside existing apartment block which comprises of 11 numbered residential units and 3 ground floor retail units - currently producing an annual income of €70,440 p.a.
AccommodationExisting mixed use (residential and commercial) investment property with development site to rear having planning permission for 20 residential units.
Existing building comprises of a mixed use property with retail units at ground floor level and apartments overhead. The retail units can be summarised as follows:
No. 5: 111m²(1,195ft²)
No. 6: 78m² (840ft²)
No. 7: 74m² (797ft²)
There are 11 numbered residential units overhead on 3 floors which are a mix of 1 and 2 bedroom apartments.
Development site to the rear of approx. 0.094 acres
having planning granted under planning number 18/1210 for the construction of a 5 storey apartment block
comprising of 2 x 3 bedroomed, 2 x 1 bedroomed and 16 x 2 bedroomed apartments with car-parking, storage facilities, laundry and bin storage area at ground floor level. The proposed block has been designed by John G McMahon Architects.
FeaturesDevelopment site with Full Planning Permission for 20 - 2 & 3 bedroom apartments
Existing block comprises of 11 numbered residential units (1 & 2 beds).
3 ground floor retail units
BER DetailsBER: C1 BER No.108883869 Energy Performance Indicator:173.9 kWh/m²/yr
DirectionsThe subject property is situated on Broad St. in Limerick City. The property is within a short distance of Limerick College of Art & Design; Bon Secours Hospital; St. John's Hospital; Absolute Hotel and numerous large office occupiers such as Revenue Commissioners; Deloitte; PWC, etc.
DisclaimerThese 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.