Block 12 City East Retail Park, Ballysimon, Limerick

€3,000,000

Beds
Price	€3,000,000
Property Type	Investment Property
Size	meters²
Energy Rating	BER-C2
Refreshed on	Aug 9, 2024
Eircode
Group Name	Property Partners de Courcy O'Dwyer
Sales License Number	002371

Description

Limerick is the capital of the Mid West Region and is located approximately 200 km south west of Dublin City and a 100 km north east of Cork City. Block 12 is located c. 3.5 km from the city centre and 1.2 km from the M7 / N24 interchange. The property is situated at City East Retail Park, Limericks prime retail warehousing development with tenants to include B&Q, Halfords, Home Store & More, Harvey Norman etc. Block 12 is in a high visibility location with good road frontage on both sides. Adjoining developments include City East Plaza an office development with Northern Trust as the main tenant along with East Point Retail Park and Delta Retail Park all located within 500 m of the subject property. Other occupiers in the immediate area include the BMW, Ford, Range Rover and Audi Car Dealerships. The Ballysimon area is firmly established as Limericks primary out of town commercial location benefitting from good access to Limerick city and the surrounding areas with a strong road network. Recent and ongoing developments include a new Limerick Educate Together Secondary School which opened in September 2023, the state-of-the-art Bon Secours 150 bed hospital which is currently under construction and Uisce Eireann (Irish Water) new 40,000 Sq. Ft. building on 20 acres all due for completion in early 2025. Block 12 comprises of a modern and prominent three storey building with adjoining design build retail warehousing unit. The three-storey building comprises of a ground floor restaurant with adjoining stores, first floor beautician and second floor offices. The upper two floors are accessed from a ground floor lobby area via a stairs and lift. This building benefits from being fitted out to a high standard throughout with full height glazed windows providing exceptional natural light, natural ventilation and views of the surrounding area. The ground floor restaurant unit is well laid out with front and rear access along with outside covered seating area and two storage facilities. Outside there is an enclosed courtyard parking area with c. 21 spaces which is accessed via an archway to the front of the building. There is an adjoining retail warehousing unit with architectural feature to the front and a first-floor mezzanine area to include offices and ancillary accommodation. This unit benefits from 10 car parking spaces to the side. See attached PDF brochure with accommodation and tenancy schedule.

Features

A rare opportunity to acquire a high-profile investment consisting of four units in two blocks. The property provides for a mixture of uses to include a retail warehouse, restaurant and two office units extending to approximately 14,891 Sq. Ft. Externally there is a court yard parking area providing approximately twenty-one spaces with additional car parking of c. ten spaces to the side of the retail warehousing unit. The property is currently configured as four distinct commercial units. Tenants include Essential Bathrooms & Tiles, Aroma Café, Eternal Beauty Salon and Bon Secours Health System. Rental income €225,941 per annum. 100% occupied. The entire site is zoned retail warehousing under the 2022 – 2028 Limerick Development Plan. Prominent building with many architectural features A3 floor plan can be emailed on request.

BER Details

BER: C2

Description

Features

BER Details

BER: C2