€800,000 - Asking Price|15,929 sqm approx
Property HighlightsProminent Investment property in Limerick City CentreImpressive three storey over basement period building cur¬rently utilised for educational purposes.Overall floor area extends to approximately 1,480 sq m (15,930 sq ft) with generous secure, surface car parking located to the rear of the property.The property is let to City of Limerick Vocational Educational Committee under a 21 year lease from 1 January 1999 – Cur¬rently producing €200,000 per annum
LocationLimerick City is the third largest city in Ireland and is defined as a gateway city under the National Spatial Strategy for the mid-west region. The population of Limerick City and Suburbs was recorded at approx. 100,000 persons through the 2016 Census.Limerick City is the key driver of economic activity in the Mid-West Region and the focal centre for retail, commercial and third level educational activity within the area. General transport infrastructure in the Limerick City area is strong with numerous national roads and motorways converging the region that are easily accessible from the subject property that include the M7, M20, M18, N24, N21 and N69.The subject property is located just off Sexton Street in Limerick City Centre which interconnects with Upper William Street and Parnell Street.
DescriptionThe subject property comprises an impressive three storey over basement building and extends to approximately 1,480 sq m (15,930 sq ft). The property is currently leased to City of Limerick Vocational Educational Committee and is being utilized for educational facilities. Whilst most of the rooms provide classrooms the property has been maintained to a good standard with with many of the original features being retained.The property has the benefit of a secure yard area located directly adjacent to the subject property and is currently utilised to provide surface car parking.