{
"PropertyId": 4630089,
"Address": {
"FullAddress": "Unit 1 Castletroy Park Complex, Bank of Ireland",
"Town": "Castletroy",
"County": "Limerick",
"Eircode": "V94E727"
},
"Location": {
"Latitude": 52.67305709999999,
"Longitude": -8.5704169
},
"PropertyDetails": {
"FloorAreaSqM": 375,
"Ber": "C3",
"Features": []
},
"BrochureContent": [
{
"ContentType": "Description",
"Content": "Exceptional Investment Opportunity in a Prime Location with a Top Quality Covenant\r\n\r\nThis busy branch comprises a modern end of terrace single storey unit. \r\n\r\nConstruction is of concrete walls with a stone clad front, double glazed front façade and double-glazed windows.\r\n\r\nIt is almost rectangular in shape and fronts a paved footpath. \r\n\r\nParking is by surface to the front and an underground car park to the rear."
},
{
"ContentType": "Features",
"Content": "The following is the accommodation and net internal floor area:- \r\n\r\nFront Retail & Rear Staff/Stores Sq m Sq ft\r\n\r\n 375 4,037"
},
{
"ContentType": "BER Details",
"Content": "BER:- C3\r\nBER No:- 800859316\r\nEnergy Performance Indicator:- 89.54 kgCO2 /m2/yr 1.46"
},
{
"ContentType": "Directions",
"Content": "Limerick is Ireland’s third largest city with a population of over 100,000.\r\n\r\nCastletroy is a prime and progressive suburb of Limerick City.\r\n\r\nCastletroy is considered the larges suburb neighbour in Munster with a population of over 40,000.\r\n\r\nCastletroy Park Complex is perfectly position, almost opposite the entrance gate to University of Limerick and adjoining Castletroy Park Hotel, just three kms east of Limerick City Centre.\r\n\r\nThe complex features a quality neighbour centre with trading concerns including Spar Supermarket, Relish Café, Castletroy Park Pharmacy, Regus Shard Office, Coillte etc.\r\n\r\nBank of Ireland occupies a prominent corner position overlooking Plassey Park Road."
},
{
"ContentType": "Central",
"Content": "Castletroy popularity is founded on a number of key features including:\r\n\r\n• National Technology Park (385 acres) of parkland, with over 80 companies including Johnson & Johnson, Northern Trust, Edward Life Science, and more.\r\n\r\n• University of Limerick and Sports Arena with 18,000 students.\r\n\r\n• Castletroy Golf Course.\r\n\r\n• Carlton Castletroy Hotel.\r\n\r\n• Four primary schools, two secondary schools. \r\n\r\n• Excellent connectivity to M7 motorway."
},
{
"ContentType": "Tenancy",
"Content": "The entire is leased to The Governor & Company of the Bank of Ireland a full repairing and insuring 25 year lease from 3rd December 2007.\r\n\r\nRent reviews are every 5 years to increase by 15%on the passing rent. The current and annual rent is €217,022.\r\n\r\nRent is to increase as follows:\r\n\r\n2023~€249,575.\r\n\r\n2028~€287,011."
},
{
"ContentType": "Title",
"Content": "Assumed long leasehold."
},
{
"ContentType": "Investment Summary",
"Content": "* High Yielding Investment\r\n* Quality Covenant \r\n* Over 10 Years Unexpired \r\n* Fixed Rental Growth\r\n* Exceptional Location\r\n* Modern Building"
},
{
"ContentType": "Joint Agents",
"Content": "Costelloe Estate Agents\r\n5 Abbey Street\r\nEnnis\r\nCo. Clare\r\n\r\nTel. +353 65 6821 299\r\nEmail: info@costelloe.com\r\nWebsite: www.costelloe.com\r\nPSR Licence 002313\r\n\r\nTurley Property Advisors\r\n89 Harcourt Street\r\nDublin 2\r\nIreland\r\nTel. +353 1 4791 500\r\nFax. +353 1 4791 501\r\nWebsite: www.turley.ie\r\nPSR Licence 002187-006440\r\n\r\nMichael Turley\r\nEmail: michael@turley.ie\r\nTel: 086 257 2730\r\n\r\nNick O’Loughlin\r\nEmail: nick@turley.ie\r\nTel: 087 986 7200"
},
{
"ContentType": "Guide Price",
"Content": "€2,850,000 which reflects a yield of 7.96% from 2023 and a reversionary yield (2028) of 9.16%."
}
],
"Price": {
"Display": "Sale Agreed",
"Value": 2850000,
"Currency": "EUR"
},
"Media": {
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"Gallery": {
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},
"Agent": {
"Name": "Costelloe Estate Agents",
"Logo": "https://photos-a.propertyimages.ie/groups/0/6/6/6660/logo.jpg"
},
"Listing": {
"Status": "For Rent",
"DateListed": "03 Aug 2022"
}
}