Stewart House is a red brick two storey semi detached office building. The ground floor is currently fully fitted and let to the HSE & Brothers of Charity. The first floor is currently vacant and has been sub divided in half. The accommodation includes feature circular meeting rooms to the front and rear together with toilet & kitchen facilities. Access is by lift & stairs from a spacious ground floor tiled lobby area to the front and additional entrance to the rear. Externally there is generous on-site car parking available.
The building extends to a total gross internal area of approx. 17,500 sq.ft
(approx. 8,750 sq.ft at ground floor level and 8,750 sq.ft at first floor level)
Floor areas are approximate only and we recommend that parties carry out an independent survey
Part of the ground floor is let to the Bros of Charity on a 10 yr lease from 21.12.12 at a passing rent of €29,820 per annum (plus VAT). There is a tenants break option at end of year 7 subject to 6 mths notice.
Part of the ground floor is let to the HSE on a 5 yr lease from 28.12.12 at a passing rent €27,195 per annum (plus VAT).
Rates: The ground floor is currently exempt. First floor rates for 2015 are approx. €13,850 per annum.
Annual Service Charge: €1.00 per sq.ft
Attractive office investment extending in total to approx. 17,500 sq.ft over 2 floors
Ground floor currently let to the HSE & Bros of Charity producing €57,000 per annum
First floor currently vacant offering further rental income potential
Large on site car parking.
Excellent location close to the University of Limerick and M20 Motorway.