1-5 New Wellington Terrace, O'Connell Avenue, Limerick

€1,950,000

Beds
Price	€1,950,000
Property Type	Terraced House
Size	0 meters²
Energy Rating	BER-Exempt
Refreshed on	May 8, 2025
Eircode
Group Name	Sherry FitzGerald Limerick
Sales License Number	002183

Description

Sherry FitzGerald are delighted to introduce to the market 1-5 New Wellington Terrace, O'Connell Avenue, Limerick. An exceptional opportunity to acquire five attractive Edwardian terraced properties on one of Limerick City's most well-known and historic sites. Located on prestigious O'Connell Avenue, this unique block is part of Limerick's rich architectural heritage and offers strong current income with significant future potential. Comprising 3 residential units (vacant possession/notice served) and 2 commercial units (both leased), the properties are set behind a generous front courtyard with 14 car parking spaces and benefit from high-profile frontage onto O'Connell Avenue. The entire block is being sold as one lot. Superbly located just outside Limerick City Centre, within walking distance to Mary Immaculate College, People's Park, and a host of amenities, this is a rare opportunity to secure a high-performing asset with heritage value and redevelopment potential. Highlights: Landmark investment opportunity in a prime Limerick location Part of Limerick's Georgian Quarter and historic streetscape Total rental income of 137,744 per annum 3 residential units notice served to tenants 2 commercial units leases in place Good condition throughout Potential for change of use (subject to planning) 14 secure off-street car parking spaces Property Breakdown: 1 New Wellington Terrace: 3 storeys over basement commercial lease in place 2 New Wellington Terrace: Residential garden level flat with duplex above 3 New Wellington Terrace: Commercial lease in place 4 New Wellington Terrace: Residential 3-storey townhouse 5 New Wellington Terrace: Residential 3 self-contained flats

Accommodation

BER Details

Exempt

Negotiator

Sean McGee

Description

Accommodation

BER Details

Exempt

Negotiator

Sean McGee