Investment property for sale - Tenant not affected. Current passing income: €10,140 per annum. The property is currently leased to Premier Tuition Centre on a 21 year lease from 2003. There are tenant break-clauses in the Lease year 5, 10, 15 and 20. The current passing rent is €10,140 per annum.
Ground floor commercial unit of approximately 80 sq.m. comprising of small lobby, office, 2 classrooms and bathroom. The subject is situated in a mixed used development known as The Orchard at the Kilmurry Roundabout in Castletroy, Limerick.
Neighbouring occupiers include Kilmurry Lodge Hotel; Rio’s Take-Away; Domino’s Pizza; The Castletroy Shopping Centre. Castletroy is one of Limerick’s largest suburbs and is home the University of Limerick; Castletroy Park Hotel; Kilmurry Lodge Hotel; two primary schools; secondary school and Castletroy Shopping Centre.
BER: E2 BER No.800721276 Energy Performance Indicator:220.68 kWh/m²/yr
Ground Floor Commercial unit having the following accommodation:
Small lobby; One office; Two classrooms; Bathroom.
The approximate size of the unit is 80m² (861ft²).
The subject is situated in a mixed used development known as the Orchard at the Kilmurry Roundabout in Castletroy, Co. Limerick.
These Particulars and Terms are issued by Rooney Auctioneers (Limerick) Limited on the agreed understanding that all negotiations in respect of the property mentioned, are and will be conducted through them. Whilst every care has been taken in preparing these Particulars and Terms of the said property, Rooney Auctioneers (Limerick) Limited do not warrant these Particulars and Terms or any representations made by them about the property and all intending purchasers/lessees should satisfy themselves as to the correctness and/or accuracy of the information given. Rooney Auctioneers (Limerick) Limited shall further not be liable for any loss or expenses, which may be incurred in visiting the property, should it prove unsuitable or to have been let, sold or withdrawn.