Lot 82
Auction
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Unit 1, Broad Street, Charlotte Quay, Limerick City, Co. Limerick,

Auction
Ireland
Retail
Commercial

The auction has ended

Final bid €67,000

Property Summary

  • A retail investment.
  • Comprising of a ground floor retail unit.
  • Extending to approximately 58 sq. m (624 sq.ft).
  • Let to an individual t/a Construction Catering Ltd. 
  • Lease expiry 2021.
  • Total current rent reserved €6,500 per annum.
  • Net Initial Yield 9.85%.

Contact Us

Emma Byrne

Registered Surveyor, here to help.

Contact Us

Emma Byrne

Registered Surveyor, here to help.

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Property description

The property is arranged to provide a ground floor retail unit. The property is set within a wider mixed use development.

Total floor area extending to approximately 58 sq. m (624 sq.ft).

Location

  • Limerick is the third largest city in Ireland with an urban population of some 91,000 people (as of the 2016 Census).
  • The city is located approximately 41km south east of Ennis and approximately 100km south east of Galway.
  • Transport links include N69, N18 and M7.
  • The property is situated on Broad Street just off Charlotte's Quay to the north.
  • Surrounding occupiers include Penneys, Brown Thomas and Tesco.

VAT

Please refer to Legal Documents

Tenancy

The entire property is at present let to an individual t/a Construction Catering Ltd for a term of two years from 01.08.2019 at a contractual rent of €6,500 per annum, exclusive of rates and VAT. The lease provides for full repairing and insuring covenants.


*Terms & Conditions

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 interested parties 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.

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