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57 O'Connell Street, Limerick

€325,000 - Asking Price For Sale 293 sqm approx

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57 O'Connell Street, Limerick

€325,000 - Asking Price|293 sqm approx

City Centre Investment PropertyComprising partially let Georgian buildingLocated in an establish commercial location on O’Connell StreetCurrent income of €17,500 per annum from ground and first floorsEntire extends to approx. 293 sq m (3,153 sq ft)For Sale by Private Treaty

Tenancy details: Ground floor is let to Plunket Hayes & Company Solicitors at €10,000 per annum on a 4 year 9 month lease from February 2017

The first floor is let to Gary Keogh Solicitors at  €7,500 per annum on a 4 year 9 month lease from February 2017

BER G Rating
Ormston House , Limerick

€500,000 - Asking Price|658 sqm approx

Property Highlights

City Centre Investment Property Comprising two ground floor/ basement retail units within a building known as Ormston House Located in an established retail location directly adjacent to the proposed Project Opera Development Current Income of €12,000 per annum from part of the subject property Asset Management Opportunity with letting of Unit 9/10 Entire extends to approximately 658 sq m (7,087 sq ft) For Sale by Private Treaty Description The subject property comprises the ground floor and basement of No. 9 - 11 Patrick Street also known as Ormston House. Ormston House is an end of terrace period property offering retail accommodation at ground floor level and residential accommodation on the upper floors. The subject property is a protected structure however it underwent an extensive refurbishment in the early 1990€TM. The ground floor and basement is currently subdivided into two self contained commercial units and the building has the benefit of dual frontage onto both Patrick Street and Ellen Street. The units have extensive floor to ceiling heights within the units and have maintained many of the original features of the property. Tenancy The current rent receivable is €12,000 per annum from part of the subject property (Unit 11) Full tenancy information is available upon request

BER exempt
Brookfield Hall, Castletroy , Limerick

Price on Application - For Sale|3,095 sqm approx

Block 8 Brookfield Hall, Castletroy, Limerick Investment Opportunity For Sale by Private TreatyGuide Price - €2.4 million (ex VAT)Investments Summary:- Excellent opportunity to acquire a modern student block within Brookfield Hall student complex.- Brookfield Hall is a purpose-built (circa 2000) student apartment complex located on the Groody Road in Castletroy.- The subject property comprises an entire four storey block within the complex of 234 units built around a courtyard setting.- Total of 40 student apartments within the block - 29 no. two beds, 8 no. three beds and 3 no. four beds.- The units offer modern spacious student accommodation with all units fitted to a good specification.- Limerick is home to over 21,000 students annually, with over 12,000 of which attending the University of Limerick.- Limerick City has seen large year on year residential rent increases for student accommodation.- Considering the very limited supply, both rents and capital values are forecast to continue to strengthen throughout 2017 and into 2018- The block is producing a net annual income of approx. €150,000 after deduction for all costs.- Guide price €2,400,000 (ex VAT)Location:- 3 Major Higher Education Institutions with 21,000 students / 6,000 graduates annually- Limerick is home to over 21,000 students annually (12,000 in the University of Limerick)- 6,000 graduates annually - Limerick has the highest disposable income outside the greater Dublin region - Midwest GVA is the 3rd Highest across the Irish Regions- Half a million people within 60 minute drive with almost 50% of the population under 35 years- Over 14,000 working in over 100 overseas companiesLocation Brookfield Hall is a modern student apartment complex situated just off the Groody Road in Castletroy. The complex is approximately 4 km east of Limerick city centre and approximately 1.5 km south of the University of Limerick. The surrounding area is predominantly residential with a mixture of private residential developments and student villages. Limerick City is the third largest city in Ireland and identified as a gateway city in the National Spatial Strategy for the mid-west region. This region encompasses County Limerick, County Clare, north County Tipperary and northwest County Kerry. The availability of a young talented workforce emerging from the University of Limerick is one of many factors attracting foreign direct investment to the city in addition to its accessibility to east, south and west of the country. UBER, Regeneron, Fazzi, O2, Northern Trust and Vistacon have all been established in Limerick and have continued to expand in the region in recent years.

BER C2E1 Rating