FOR SALE BY TENDER WEDNESDAY 19 APRIL 2017
Investment PropertyCarrig House & Robe House, Raheen Business Park, LimerickFor Sale by Private Treaty( Tenants Not Affected)
Excellent opportunity to acquire two purpose built office buildings in Raheen Business Park, Limerick with additional occupiers in the area including Analog, Stryker and Regeneron. Two purpose built two storey office blocks - providing 643 sq m (6,921 sq ft) in Carrig House and 1,951 sq m (21,000 sq ft) in Robe House within a secure site extending to 0.4 ha (0.99 acres)82 surface car parking spaces100% occupiedOccupiers include BS&B Securities, Kirby Electrical, Irish Blood Transfusion Board, Purotech, Aramark and Clancy Construction.Currently producing €242, 177 per annum reflecting a net initial yield of 10% or capital value of €82 per sq ft.Further opportunities to increase the income of the scheme through active asset management.Asking Price - €2.3 million exclusive of VATTenant not affectedBER D1 & D2
LocationThe subject properties are located in Raheen Industrial Estate just off the confluence of the N20/N21 primary routes into Limerick City Centre. It is also within proximity to the tunnel linking Limerick with Clare / Galway.The subject property is situated on the south western side of the Raheen Industrial Estate which is located just off the R526 linking onto the M20, which links Limerick to the cities of Dublin, Cork, and Galway. One of the main benefits of this location is the transportation links in the area. Surrounding occupiers include Analog, Stryker, Regeneron, Kirby Electrical and BS&B Securities.
DescriptionThe subject property comprises two purpose built, detached office buildings extending to a combined floor area of 2,594 ...