Description
Features
BER Details
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Sale Agreed
Units 1-7 Garryglass Business Park, Old Ballysimon Road, Ballysimon, Limerick
Sale Agreed
| Beds | |
| Price | Sale Agreed |
| Property Type | Investment Property |
| Size | meters2 |
| Energy Rating | BER-B3 |
| Refreshed on | |
| Eircode | V94CX4C |
| Group Name | Property Partners de Courcy O'Dwyer |
| Sales License Number | 002371 |
Description
Rare opportunity to acquire a high profile 1.05 ha (2.59 acre). freehold site. The property provides for a mixture of retail warehousing (showrooms) and warehouse accommodation Extending to approx. 4,347sq.m (46,787 sq.ft) GEA. Large car parking area to the front providing approx. 90 no. car parking spaces with ancillary parking, loading areas and yard space located to the side and rear. The property is currently configured as five distinct commercial units (one vacant). Tenants include The Paneling Centre, Luminaire, Slide Deco, and Blue Box (Antiques). Rental income €179,800 p.a from four tenants, with anticipated rental increases at rent reviews, lease renewals, and by leasing Unit 3. Weighted average unexpired lease term (WAULT) of 4.74. The entire is zoned Retail Warehousing under the 2022-2028 Limerick Development Plan, offering long term redevelopment potential (subject to planning permission).
Features
Entire site is zoned Retail Warehousing in the current Limerick Development Plan Approx 120 metres of frontage onto the Old Ballysimon Road WAULT of 4.74 years inc nearest break options Scope to immediately increase income at upcoming rent reviews, lease renewals and by leasing Unit 3 Asset management opportunities to enhance value BER Rating: B3>E2
BER Details
BER: B3
Units 1-7 Garryglass Business Park, Old Ballysimon Road, Ballysimon, Limerick, V94 CX4C
Investment Property
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G
F
E2
E1
D2
D1
C3
C2
C1
B3
B2
B1
A3
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A1
Current Rating: B3
Potential Rating:
BER Number:
*All retrofit costs are estimates - Find out more
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Property Partners de Courcy O'Dwyer
Tel: 061 4...
PSRA No. 002371
Date created: Apr 17, 2023
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