Lot 5447931, 16 Patrick Street, Limerick City, Co. Limerick, V94XTH1

Available From: Immediately TENANTS NOT AFFECTED.
BUILDING FULLY LET AND OCCUPIED.
CLOSE TO THE NEW OPERA CENTRE (UNDER CONSTRUCTION).

LOCATION
The property is situated on Patrick Street in Limerick City Centre. Patrick Street connects O'Connell Street to the new Opera Centre (under construction). Neighbouring occupiers include The Red Hen, Boojum, Arthur's Quay Shopping Centre, Tony Connolly's Menswear and many other retailers. There is a multi-storey car-park located around the corner from the subject property on Denmark Street.

DESCRIPTION
3.5-storey over basement mid-terraced City Centre investment property. The property has retail accommodation on ground floor with storage at basement level and access from Patrick Street and a rear laneway. There is a separate side door entrance to stairs leading to the first and second floor offices. There are two tenants occupying the building - one retail tenant at ground floor and basement level and a second office tenant (Solicitor) on first and second floor levels. The overall building is in good condition throughout.

GROUND FLOOR 95.79m² 1,031.07ft²
BASEMENT 83.01m² 893.51ft²
FIRST FLOOR (rear) 57.44m² 618.27ft²
FIRST FLOOR (front ) SECOND & THIRD FLOORS 154.68m² 1,665 ft²


Total Passing Rent - €49,000 per annum

COMMENT - very attractive city centre property fully occupied with 2 tenants and an attractive passing rent. The property is located between Cruises Street and the Opera Centre which is currently under construction.

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or expenses, which may be incurred in visiting the property, should it prove unsuitable or to have been let, sold or withdrawn.