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

Sale Agreed Energy Rating V94 VKT3 354 m2
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Description

Fully Let 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 leases. 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 11.3% based on passing rents .

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 €8,000 Total 354.00 3,810 €56,360 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 €56,360 per annum . • 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
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Price Changes in City Centre (Limerick)
-€120,000 (-20.34%)
€590,000 €470,000
11th Apr 24
E1
-€120,000 (-20.34%)
€590,000 €470,000
11th Apr 24
E1
-€100,000 (-11.76%)
€850,000 €750,000
15th Mar 24
F
-€30,000 (-10.91%)
€275,000 €245,000
23rd Oct 23
E1
-€125,000 (-12.82%)
€975,000 €850,000
12th Oct 23
F
-€25,000 (-2.50%)
€1,000,000 €975,000
5th May 23
F
View All Price Changes
Price Changes In City Centre (Limerick)
DNG Cusack Dunne
DNG Cusack Dunne
Tel: 061 2...
PSRA Licence No. 002730

Date created: Oct 4, 2022

DNG Cusack Dunne
DNG Cusack Dunne
PSRA Licence No. 002730
Mark Cusack BSc, MSCSI, MRICS
Mark Cusack BSc, MSCSI, MRICS
Call Agent: 061 2...