HomeIrelandLimerickCity Centre (Limerick)Global House, 1 Michael Street, City Centre (Limerick), Limerick City
POA

Global House, 1 Michael Street, City Centre (Limerick), Limerick City

Energy RatingInvestment Property Refreshed on Oct 4, 2022
Eircode: V94 VKT3
DNG Cusack Dunne
DNG Cusack Dunne
Tel: 061 209000
PSRA Licence No. 002730
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Description

Prime Office Investment For Sale (Tenants not affected) No 1 comprises a 4 storey terraced office building with rear on site car parking. Each floor is occupied under a separate lease with the exception of the 3rd floor which is currently vacant. The accommodation is well fitted and includes a range of offices and meeting rooms together with toilets and kitchen areas. Access is by way of stairs. There is also a passenger lift which is currently not in use. Attractive GIY of 8.8% based on passing rents with a potential return of approx. 10% on the basis of full occupancy.

Accommodation

The accommodation comprises the following approx. floor areas. Floor Sq.m Sq.ft Rent p.a GF 59.00 635 €13,560 1st 122.00 1,313 €17,000 2nd 118.00 1,270 €17,800 3rd 55.00 592 Vacant Total 354.00 3,810 €48,360 Floor areas are approximate only and we recommend that parties carry out an independent survey

Features

• Excellent opportunity to purchase an attractive office investment. • Accommodation comprises fully fitted offices at ground, 1st, 2nd & 3rd floors and extends to approx. 3,993 sq.ft. • Passing rent of €48,360 per annum with further growth potential with the letting of the 3rd Floor (currently vacant). • Includes 6 on site car parking spaces. • City centre location close to the Opera Centre.

BER Details

BER: F BER No.800692410 Energy Performance Indicator:419.54 kWh/m²/yr

Directions

Michael Street is located in Limerick City Centre close to the Abbey River and adjacent to Opera Square, a landmark 1.62 hectare mixed use commercial development currently under construction. Barrington’s hospital is also located nearby. Occupiers within the building include Gianna CLG, BSC Consulting & Communicare Healthcare.

Viewing Details

Strictly by appointment
Price Changes in City Centre (Limerick)

Global House, 1 Michael Street, City Centre (Limerick), Limerick City

POA

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Beds
PricePOA
Property TypeInvestment Property
Size meters2
Energy RatingBER-F
Refreshed onOct 4, 2022
EircodeV94 VKT3

Description

Prime Office Investment For Sale (Tenants not affected) No 1 comprises a 4 storey terraced office building with rear on site car parking. Each floor is occupied under a separate lease with the exception of the 3rd floor which is currently vacant. The accommodation is well fitted and includes a range of offices and meeting rooms together with toilets and kitchen areas. Access is by way of stairs. There is also a passenger lift which is currently not in use. Attractive GIY of 8.8% based on passing rents with a potential return of approx. 10% on the basis of full occupancy.

Accommodation

The accommodation comprises the following approx. floor areas. Floor Sq.m Sq.ft Rent p.a GF 59.00 635 €13,560 1st 122.00 1,313 €17,000 2nd 118.00 1,270 €17,800 3rd 55.00 592 Vacant Total 354.00 3,810 €48,360 Floor areas are approximate only and we recommend that parties carry out an independent survey

Features

• Excellent opportunity to purchase an attractive office investment. • Accommodation comprises fully fitted offices at ground, 1st, 2nd & 3rd floors and extends to approx. 3,993 sq.ft. • Passing rent of €48,360 per annum with further growth potential with the letting of the 3rd Floor (currently vacant). • Includes 6 on site car parking spaces. • City centre location close to the Opera Centre.

BER Details

BER: F BER No.800692410 Energy Performance Indicator:419.54 kWh/m²/yr

Directions

Michael Street is located in Limerick City Centre close to the Abbey River and adjacent to Opera Square, a landmark 1.62 hectare mixed use commercial development currently under construction. Barrington’s hospital is also located nearby. Occupiers within the building include Gianna CLG, BSC Consulting & Communicare Healthcare.

Viewing Details

Strictly by appointment