Location:

Michael Street is located in Limerick City Centre close to the Abbey River and adjacent to Opera Square, a landmark 1.62 hectare mixed use commercial development currently under construction. Barrington’s hospital is also located nearby. Occupiers within the building include Gianna CLG, BSC Consulting & Communicare Healthcare.

Description:

No 1 comprises a 4 storey terraced office building with rear on site car parking. Each floor is occupied under a separate lease. The accommodation is well fitted and includes a range of offices and meeting rooms together with toilets and kitchen areas. Access is by way of stairs and passenger lift.

Attractive Gross Initial Yield of 11.3 % 

Accommodation:

The accommodation comprises the following approx. floor areas.

Floor areas are approximate only and we recommend that parties carry out an independent survey

Tenancies:

The property is currently let under 4 separate leases with a combined total passing rent of €56,360 per annum. 

Further details available on request. 

Rates: TBC   Service Charge: €3,644 per annum

Asking Price: €495,000 (plus VAT where applicable)