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LOT

5

Clontarf Hall, OConnell Avenue, Limerick City

Property Enquiries

Thomas O'Dowd

thomas.odowd@bidx1.com
+353 (0)1 667 3388

Viewings/Registration Enquiries

BidX1 Support Team

info@ie.bidx1.com
+353 (0) 1 667 3388

Vendor Solicitor

Mairead Ni Laoire

mnilaoire@jrap.ie
+353 (0)21 4277444

Description

Map

Viewings


Property Summary
  • An unbroken apartment block.
  • Comprising 14 x two bedroom apartments, 2 x three bedroom apartments and 20 car parking spaces.
  • Apartments extending to approximately 1,155.89 sq. m (12,438 sq. ft) in total.
  • Total floor area extending to approximately 1,572 sq m (16 ,924 sq. ft).
  • Management agreement with Property Management Ireland.
  • Expiry 2019.
  • 2017 / 2018 gross income €168,000 per annum.
Location
  • Limerick is the third largest city in Ireland with a population of some 91,000 people (as of 2016 Census).
  • The city is situated approximately 41km south of Ennis and some 100km north of Cork.
  • The city is well served by the M7 and N20 networks both providing access to and from the city centre.
  • The subject property is located in a prominent position to the northern side of William Street close to the intersection with High Street.
  • The immediate surrounding area benefits from a high level of footfall and is predominantly commercial in use.
  • Surrounding occupiers include Griffith College Limerick, Mary Immaculate College and Limerick School of Art and Design.
Description

The property is arranged over basement and three upper floors to provide a detached apartment block. Internally the property comprises a total of 14 x two bedroom apartments and 2 x three bedroom apartments. The property benefits from 20 basement car parking spaces.

Accomodation
Apartment Floor Accommodation Sq. m (Sq.Ft)
1 Ground Floor Two bedroom apartment 64.4 sq. m (693 sq. ft)
2 Ground Floor Two bedroom apartment 66.13 sq. m (711 sq. ft)
3 Ground Floor Two bedroom apartment 55.43 sq. m (597 sq. ft)
4 Ground Floor Two bedroom apartment 63.77 sq. m

(686 sq. ft)

5 First Floor Two bedroom apartment 93.13 sq. m (1,002 sq. ft)
6 First Floor Two bedroom apartment 60.78 sq. m (654 sq. ft)
7 First Floor Two bedroom apartment 63.81 sq. m (686 sq. ft)
8 First Floor Two bedroom apartment 63.79 sq. m (687 sq. ft)
9 First Floor Two bedroom apartment 62.13 sq. m (669 sq. ft)
10 Second Floor Two bedroom apartment 97.39 sq. m (1,048 sq. ft)
11 Second Floor Two bedroom apartment 60.39 sq. m (650 sq. ft)
12 Second Floor Two bedroom apartment 64.18 sq. m (690 sq. ft)
13 Second Floor Two bedroom apartment 65.49 sq. m (705 sq. ft)
14 Second Floor Three bedroom apartment 58.48 sq. m (629 sq. ft)
15 Third Floor Two bedroom apartment 85.86 sq. m (924 sq. ft)
16 Third Floor Three bedroom apartment 130.73 sq. m (1,407 sq. ft)
Total 1,155.89 sq. m (12,438 sq. ft)

Clontarf Hall - Room Types

Single Room without Ensuite

(1 Single Bed)

Single Room with Ensuite

(1 Single Bed)

Twin Sharing without Ensuite

(2 Single Beds)

**Includes ESB €300 and utilities €300 which are non refundable.
Booking fee payable at time of booking* €300 €300 €300
Total cost excluding booking fee** €4,600 €5,000 €3,400
Payment date
1st Term 1st August €2,800 €3,020 €2,140
2nd Term 1st December €1,800 €1,980 €1,260
*Booking fee is refundable at the end of term but is forfeited if the terms of the licence are broken
Tenancy

The entire block is currently managed by PMI - Property Management Ireland under a Management Agreement which expires on the 31st of August 2019. Financial summary available on request.

VAT
Please refer to the legal documents.
BER
Number

Available from BidX1

Energy Performance Indicator

162.39 kWh/m²/yr - 304.34 kWh/m²/yr

No information, statement, description, quantity or measurement contained in any sales particulars or given orally or contained in any webpage, brochure, catalogue, email, letter, report, docket or hand out issued by or on behalf of BidX1 or the vendor in respect of the property shall constitute a representation or a condition or a warranty on behalf of BidX1 or the vendor. Any information, statement, description, quantity or measurement so given or contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the vendor are for illustration purposes only and are not to be taken as matters of fact. Any mistake, omission, inaccuracy or mis-description given orally or contained in any sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the vendor shall not give rise to any right of action, claim, entitlement or compensation against BidX1 or the vendor. All bidders must satisfy themselves by carrying out their own independent due diligence, inspections or otherwise as to the correctness of any and all of the information, statements, descriptions, quantity or measurements contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the vendor.