The property comprises of a three-storey (end of terrace) building along side a 2-storey commercial unit and yard.
The property should lend itself (subject to Planning Permission) for the further construction/refurbishment of the upper floors into residential accommodation with commercial accommodation on the ground floor. The building has a large advantage having a yard/laneway to the side which may allow for fire escape and access to the residential development overhead the main building.
SUBSTANTIAL RETAIL / COMMERCIAL PROPERTY FOR SALE.
OBVIOUS POTENTIAL FOR RE-DEVELOPMENT INTO RETAIL ON GROUND FLOOR AND RESIDENTIAL OVERHEAD (SUBJECT TO PLANNING PERMISSION).
50 METRES FROM O’CONNELL STREET.
SITUATED WITHIN THE LIVING CITY INITIATIVE TAX INCENTIVE SCHEME
BER: C2 BER No.800753626 Energy Performance Indicator:365.51 kWh/m²/yr
The property comprises of a three-storey (end of terrace) building along side a 2-storey commercial unit and yard. The ground floor is L-shaped and wraps around the rear of 10 Roches Street. The ground floor comprises of retail space currently used as a stationery shop with large display windows and mezzanine / first floor to the rear. The upper two floors of the front of the building are currently unused and were previously used as offices. The ground floor is in excellent condition.
There is also some storage space in the attic which comprises of 32m² (344ft²).
To the side of the property is a two-storey commercial unit facing onto a yard with gated access directly from Roches Street. This yard also provides side access to 9 Roches Street. The additional commercial property at the rear of the yard is a two-storey commercial unit and has a total size of approx. 89m² (958ft²).
At the present time the ground floor of the property is currently occupied on a month to month lease at a rent of €24,000 per annum.
Whilst the tenant has rights to renew the lease they have indicated that they will not be exercising same and are planning to vacant the property.
The property is situated on Roches Street in Limerick City Centre. Roches Street connects O’Connell Street to Catherine Street and is situated in fashion quarter. Neighbouring occupiers include Lilly; Esquires Men’s Wear; Lawless Flowers; Silks Art & Office Stationary; and Fine Wines Off-Licence.
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.