Units 1-4 Monocline Industrial Estate, (Folios LK26929F LK39604F & LK45116F), Limerick City, Co. Limerick, V94 T221
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Auction
- Lot 8
- Ireland
- Industrial
- Commercial
Sold for €442,000
Property Summary
- A substantial warehouse investment.
- Comprising warehouse and office accommodation.
- Extending to approximately 2,682 sq. m (28,871 sq. ft).
- Located in well established industrial estate in Limerick.
- Let to Abbey Owney Limited.
- Lease expiry 2031.
- Current rent reserved €30,000 per annum.
- Net initial yield 8.26%.
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Property description
The property is arranged over ground and part first floor to provide 4 x adjoining warehouse units. The property is a standard steel frame industrial unit with block walls and mezzanine floor.
The property is located on the Monacline Industrial Estate on the Ballysimon Road. Surrounding occupiers include Childers Road Retail Centre, Dan O’Connor Feeds, Inver Petrol Forecourt and many othe light manufacturing and retail warehouse centres.
For the avoidance of doubt one unit to the rear does not form part of the property.
Total floor area extending to approximately 2,682 sq. m (28,871 sq. ft).
All intending purchasers are advised to satisfy themselves as to the accuracy of the measurements provided.
BER Information
BER – F
BER Number - 800791287
EPI - 264.62 kWh/m²/yr
Tenancy
The entire property is at present let to Abbey Owney Limited for a term of 10 years from 01.03.2021 at a contractual rent of €30,000 per annum, exclusive of rates and VAT. The lease provides for rent reviews every fifth year and contains full repairing and insuring covenants.
VAT
BER Rating
BER Identification Number
800791287
Energy Performance Indicator
264.62 kWh/m²/yr
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*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 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.
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