DescriptionPrime Retail / Restaurant Investment Opportunity
(Tenants not affected)
Substantial rental income of €61,000 per annum
Pivotal location with double street frontage
The property comprises a two storey detached commercial building with two ground floor retail units and restaurant at first floor level. The ground retail floor units are occupied be Fine Wines Off License and Elegant Flooring and the first floor is occupied by a Chinese restaurant trading as Sequoia.
The retail unit occupied by Fine Wines is fitted out with suspended ceilings incorporating recessed lighting, air conditioning, painted plastered walls and tiled floors. The unit is open plan with a rear store, office and toilet. There is a roller shutter door which provides access to the rear yard.
The retail unit occupied by Elegant Flooring is fitted out with suspended ceilings incorporating recessed lighting, air conditioning, painted plastered walls and timber floor covering. The unit is mostly open plan and includes an office, kitchen, staff toilet and disabled toilet. There is access at the rear to a fire escape.
Sequoia Chinese restaurant is located at first floor level and accessed by stairs from a ground floor lobby. The premises is fitted out with painted plastered walls and ceilings, air conditioning, and a combination of carpet and tiled floor coverings. The accommodation includes reception / bar area, waiting area, restaurant seating area (approx 45 covers), fully fitted kitchen, ladies & gents toilets, stores and external smoking balcony. There is access at the rear to a fire escape.
Externally at ground floor level there is a side entrance which leads to a rear yard extending to approx. 2,755 sq.ft.
AccommodationThe property provides the following accommodation measured on a gross internal area basis.
Unit No Floor Tenant Sq.ft Sq.m
1 Ground Elegant Flooring 1,555.72 144.53
2 Ground Fine Wines 1,810.50 168.20
3 First Sequoia 2,873.77 266.98
The total gross internal floor area of the development is approx. 633.45 sq.m (6,818 sq.ft).
Measurements quoted are for guidance purposes and we recommend that any interested party arranges an independent survey.
The property is occupied under 3 separate leases together with a licence agreement in respect of a telecommunications mast. The current total rental income is €61,000 per annum. Further details available upon request.
BER DetailsBER: C3 BER No.800241705 Energy Performance Indicator:711.18 kWh/m²/yr
DirectionsThomondgate is located approx. 2km north of Limerick City Centre. Frazer’s House is located in Thomondgate on the eastern side of Sexton Street North. The property benefits from double frontage onto both Sexton Street North and Belfield Court. Surrounding occupier include Cash 4 Clothes, The House Pizza, Fitzgerald’s Bar. Thomond Park rugby grounds are located nearby to the west and King Johns Castle is located nearby to the east.