Description
85 O'Connell Street is an end-of-terrace, four-storey-over-basement red brick townhouse dating from around 1840. It has a railed basement area and a distinctive Ionic-columned doorcase with a fanlight, and it is recorded in the National Inventory of Architectural Heritage as being of regional importance.
Living City Initiative
The building has been redeveloped by MP Joyce Contracting. The scheme has delivered modern, high-quality city centre residential accommodation while respecting the character of the original building. It was completed using the Living City Initiative, and it was officially launched with Limerick Chamber, which held it up as a model for city centre regeneration.
Five separately approved LCI apartments.
Current estimated qualifying refurbishment/conversion expenditure: c. €1.20m.
Current estimated qualifying-cost ratio: c. 75%.
At an illustrative purchase price of €1.80m, this would equate to approximately €1.35m of qualifying expenditure attributable to the purchaser, subject to final certification and purchaser eligibility.
The value of the relief will depend on the purchaser's own tax circumstances and purchasers should obtain independent taxation advice.
Developer Specification
Comprehensively refurbished circa-1840 Georgian building, redeveloped by MP Joyce Contracting Ltd into five high-quality two-bedroom apartments.
A-rated residential accommodation, combining the character of the original Georgian property with modern standards of energy efficiency and comfort.
Energy-efficient heating and cooling systems provided within each apartment, offering year-round temperature control and air-conditioning.
Extensive upgrades to the building fabric, insulation, airtightness, fire safety and acoustic separation as part of the overall conversion works.
Revised Fire Safety Certificate in place for the completed residential conversion.
Complete renewal of the building’s mechanical, electrical, plumbing and hot-water services.
High-quality contemporary kitchens, bathrooms and internal finishes, complemented by retained historic features including exposed brickwork and original structural elements.
CCTV security system serving the building and common areas.
Dedicated basement bicycle store for residents.
Private bin storage for each apartment, with convenient rear access to the lane behind the property.
Dedicated communications/service room and separate landlord storage facilities for building management and maintenance.
One year’s maintenance support included as part of the sale, providing continuity following completion and handover.
The five apartments have been completed to a consistent, fully furnished turn-key standard, creating modern city-centre accommodation within an important historic building. Features
Prominent corner position on Limerick's main street
Historic Georgian architecture, combined with modern, newly completed accommodation
Living City Initiative refurbishment, which may be of interest to investors (buyers should take their own tax advice)
Walking distance to shops, restaurants, education, transport and the Shannon waterfront
Strong rental and end-user demand in Limerick City BER Details
Directions
On the corner of O'Connell Street and Lower Mallow Street, in the heart of Limerick's Georgian district. O'Connell Street is the city's main thoroughfare. It is home to shops, restaurants, the Belltable Arts Centre and St Augustine's Church, and it runs parallel to the River Shannon. Retail, transport links, bars, cafés and the riverside are all within walking distance. 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.
