Fraser House, Sexton St North, Thomondgate, Limerick

Sale Agreed

Beds
Price	Sale Agreed
Property Type	Investment Property
Size	633.45 meters²
Energy Rating	BER-C3
Refreshed on
Eircode

Description

The property comprises a two-storey detached commercial building with two ground floor retail units and restaurant at first floor level. Unit 1 is currently vacant and comprises a ground floor retail unit 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. Unit 2 is occupied by Fine Wines Off License and 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. Unit 3 is occupied by a Chinese restaurant trading as Sequoia. The unit is located at first floor level and is 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. King John’s Castle Externally at ground floor level there is a side entrance which leads to a rear yard extending to approx. 2,755 sq. ft.

Accommodation

The property provides the following accommodation measured on a gross internal area basis. Unit Floor Tenant Sq.ft Sq.m 1 Ground Vacant 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. TENANCIES Ground Floor, Unit 1 The premises are occupied by Fine Wines under a 25 year lease from 26th July 2006. The lease provides for a rent review at the end of the tenth year and five yearly rent reviews thereafter. The current rent passing is €15,000 per annum. Ground Floor, Unit 2 Currently Vacant First Floor, Unit 3 The premises are occupied by Sequoia under a 21 year lease from 1st October 2008. The lease provides for a rent review at the end of the tenth year and five yearly rent reviews thereafter. The current rent passing is €25,000 per annum. Phone Mast We have been advised that there is an annual income of €10,000 per annum by way of a licence agreement.

BER Details

BER: C3 BER No.800241705 Energy Performance Indicator:711.18 kWh/m²/yr

Directions

Thomondgate 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.

Viewing Details

By appointment only

Description

Accommodation

BER Details

BER: C3 BER No.800241705 Energy Performance Indicator:711.18 kWh/m²/yr

Directions

Viewing Details