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mySherryFitz
Asking Price
€1,950,000 Sale Agreed
€1,950,000 Sale Agreed
Description
Sherry FitzGerald are delighted to introduce to the market 1-5 New Wellington Terrace, O’Connell Avenue, Limerick.
An exceptional opportunity to acquire five attractive Edwardian terraced properties on one of Limerick City’s most well-known and historic sites. Located on prestigious O’Connell Avenue, this unique block is part of Limerick’s rich architectural heritage and offers strong current income with significant future potential.
Comprising 3 residential units (vacant possession/notice served) and 2 commercial units (both leased), the properties are set behind a generous front courtyard with 14 car parking spaces and benefit from high-profile frontage onto O’Connell Avenue. The entire block is being sold as one lot.
Superbly located just outside Limerick City Centre, within walking distance to Mary Immaculate College, People’s Park, and a host of amenities, this is a rare opportunity to secure a high-performing asset with heritage value and redevelopment potential.
Highlights:
Landmark investment opportunity in a prime Limerick location
Part of Limerick’s Georgian Quarter and historic streetscape
Total rental income of €137,744 per annum
3 residential units – notice served to tenants
2 commercial units – leases in place
Good condition throughout
Potential for change of use (subject to planning)
14 secure off-street car parking spaces
Property Breakdown:
1 New Wellington Terrace: 3 storeys over basement – commercial lease in place
2 New Wellington Terrace: Residential – 1 bedroom garden level flat with 2 bedroom duplex above
3 New Wellington Terrace: Commercial lease in place
4 New Wellington Terrace: Residential – 3-storey, 3 bedroom townhouse
5 New Wellington Terrace: Residential – 3 self-contained flats (Garden level 2 bedroom flat & 2, 1 bedroom flats above).
An exceptional opportunity to acquire five attractive Edwardian terraced properties on one of Limerick City’s most well-known and historic sites. Located on prestigious O’Connell Avenue, this unique block is part of Limerick’s rich architectural heritage and offers strong current income with significant future potential.
Comprising 3 residential units (vacant possession/notice served) and 2 commercial units (both leased), the properties are set behind a generous front courtyard with 14 car parking spaces and benefit from high-profile frontage onto O’Connell Avenue. The entire block is being sold as one lot.
Superbly located just outside Limerick City Centre, within walking distance to Mary Immaculate College, People’s Park, and a host of amenities, this is a rare opportunity to secure a high-performing asset with heritage value and redevelopment potential.
Highlights:
Landmark investment opportunity in a prime Limerick location
Part of Limerick’s Georgian Quarter and historic streetscape
Total rental income of €137,744 per annum
3 residential units – notice served to tenants
2 commercial units – leases in place
Good condition throughout
Potential for change of use (subject to planning)
14 secure off-street car parking spaces
Property Breakdown:
1 New Wellington Terrace: 3 storeys over basement – commercial lease in place
2 New Wellington Terrace: Residential – 1 bedroom garden level flat with 2 bedroom duplex above
3 New Wellington Terrace: Commercial lease in place
4 New Wellington Terrace: Residential – 3-storey, 3 bedroom townhouse
5 New Wellington Terrace: Residential – 3 self-contained flats (Garden level 2 bedroom flat & 2, 1 bedroom flats above).
About the Area
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