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Sale Agreed €5,000 on 2nd Aug 17

8 The Crescent, Limerick City, Limerick

Investment Property 5000 ft 2 Energy Rating


Description

Prime inner city Georgian premises located in the business hub of Limerick City. This is a multi tenanted property with commercial tenants in the ground floor and mews to the rear. There are 3 no. self contained apartment units overhead. Current rental income is estimated at € 40,000 per annum. An ideal opportunity to acquire a high profile property with capital growth potential and good existing rental income. Note :- Tenants unaffected.

Full details on request contact Tom Crosse on 087-2547717

Accommodation

Ground Floor :- Currently let as beauticans - Private office - Kitchenette. Beauty parlour. Waiting area and bathroom. Rental income € 10,000 Per annum.

Basement :- Currently vacant and in need of renovation.

First floor :- Residential self contained apartment comprising of entrance hallway, kitchen / sitting room, 2 bedrooms and bathroom. Rent €10,000.00 P/A.

Second floor :- Residential - Self contained apartment comprising of entrance hallway, kitchen / sitting room, 3 bedrooms and bathroom. Rent €9,000 P/A.

Third Floor :- Residential - Self contained apartment comprising of kitchen / sitting area, 3 bedrooms and bathroom. Rent €9,000 P/A.

Rear Mews which extends to Circa 1,000 SQ. FT. Commercial tenant. €5,000 P/A.

Please Note :- All rents are estimated and not to be relied on.Letting arrangements as advised by the vendor are verbal with no official leases in place.

Features

1. Rear laneway access with substantial enclosed yard and mews to rear.

2. Mixed commercial / residential tenants which spreads the income risk.

3. Property is in good general condition in a prime business hub.

4. Prominent local business houses nearby and just a short walk to the main retail hub of the city.

BER Details

BER: Exempt

Directions

This property is located in the business hub of Limerick City on the left hand side of the Crescent as you approach from O' Connell Street.

Limerick is the capital of Ire ...

GVM Auctioneers - Limerick

26 Glenworth Street, Limerick City Centre, Co. Limerick,

Tel: 061 413522

PSRA Licence No.  002030

negotiator Tom Crosse
Tom Crosse Tel: 061 413522 Group Director


Sale Agreed
Sale Agreed

Price Changes for this property

  • property image MyHome.ie
    8 The Crescent
      €5,000   1.27%   €395,000 €400,000
BESbswy