Description
Four storey over basement (5 storeys in total) investment/redevelopment opportunity. The upper floors (3) have been vacant for approx. 2 decades and comprise of approx. 27.52 sq. m/ 296 sq. ft. on each floor. The ground floor and basement are occupied on a tenant who is currently overholding at a passing rent of €1,200 (€14,400 pa). The property is an ideal investment and redevelopment opportunity wherein an investor will acquire the property and refurbish the upper floors to apartment/studios (subject to any necessary planning and compliance with building regs, fire regs etc.). Features
Ground Floor & Basement
The ground floor and basement are currently occupied by a tenant who is overholding. The passing rent is €14,400 per annum
Upper Floors
The upper floors are all vacant and have been so for approx. 20 years
Pre 63
The vendor states that the condition of the property pre dates the planning act of 1963 BER Details
Directions
The property is situated in Limerick City Centre on Catherine St. it is close to the junction of Catherine St. and Ersons Lane. Neighbouring occupiers include Mace supermarket, Uber offices, Ma Hogans pub, Zambrero, Tadgh Kearney Jewllers and many other retailers. 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or expenses, which may be incurred in visiting the property, should it prove unsuitable or to have been let, sold or withdrawn.
