Lot 5498937, 3 Lower Mallow Street, Limerick City, Co. Limerick, V94XC3H

Available From: Immediately FOUR STOREY OVER BASEMENT MID-TERRACED GEORGIAN PROPERTY
NOTICE TO TERMINATE ISSUED TO CURRENT TENANTS (EXPECTED VACANT POSSESSION DATE JUNE 2024)
LOCATED WITHIN €oeIVING CITIES INITIATIVE€? AREA


LOCATION
The property is situated in Lower Mallow Street in Limerick City Centre. Lower Mallow Street links O€TMonnell to Henry Street and is part of the Central Business District (CBD) of Limerick City. The property is located in the €oeiving Cities Initiative€? area which can allow attractive tax incentives for the refurbishment/renovation of the building to residential property.

DESCRIPTION
The property comprises of a mid-terraced four storey over basement Georgian building currently laid out in various residential units. The entire property is currently occupied but the vendor has issued notice to terminate to all tenants and vacant possession is expected in and around June 2024. The property is being sold with its current tenants in situ.
The current layout of the property comprises of a one bedroomed apartment at basement level, one bedroomed apartment at ground floor level and one bedroomed apartment at first floor level. The second and third floor comprise of a two bedroomed duplex unit. There is a rear yard to the property with a spiral fire escape from each of the apartment to same.

PLANNING PERMISSION
Grant of Retention was issued in October of 2023 providing for €oeermission for retention permission consisting of: change of use from basement and ground floor offices to two number apartment with associated internal layout changes.€? planning register no. 23/60264

PROTECTED STRUCTURE
The property is a protected structure (registration no. 21517073


CURRENT INCOME
The current income from the property is €23,116 per annum.

VAT - VAT is not chargeable on the sale of the property.

SERVICES - each unit is heated with electric heaters and have their own electricity meter.

WINDOWS - mixture of single and double glazed PVC windows.

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. Â 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.