Units 6 & 7, Westbury Shopping Centre, Corbally, Limerick City POA

Investment Property 2583 ft² / 239.97 m² For Sale

Description

Attractive retail / office investment for sale (Tenants not affected)
Ground floor unit approx. 1,507 sq.ft comprising retail space, rear office and store.
First floor unit approx. approx.1,076 sq.ft comprising a doctors surgery including reception, two consultation rooms, bathroom and store.

Tenancies:
Ground floor unit: Occupied under lease until November 2033 (14 years unexpired) at a rent of €21,260 per annum.
First floor unit: Occupied under lease until 1 April 2021 (2 years unexpired) at a rent of €12,000 per annum.

Service Charge:
TBC

Rates:
TBC


Price:
€260,000 plus VAT if applicable

Features

• Attractive retail / office investment
• Current passing rent of €33,260 per annum
• Based on the asking price this represents a Gross Initial Yield of 12.8%
• Forms part of the Westbury Shopping Centre anchored by Tesco

Accommodation

Unit 6 - Ground floor unit approx. 1,507 sq.ft
Unit 7 - First floor unit approx. approx.1,076 sq.ft