50-51 William Street, Limerick City, Co. Limerick, V94AX93

CITY CENTRE RE-DEVELOPMENT OPPORTUNITY The property comprises two connected former Georgian buildings, with retail space on the ground floor and storage/residential space above. The ground floor has been expanded, incorporating the rear yard and removing the entrance lobby. The upper floors, in need of renovation, retain their original layout. Access is available from William St. and a rear entrance via Fox's Bow. TOTAL SIZE - 766.22m² / 8,250.43ft² RATES The property currently has a NAV of '¬53,4000, which equates to a current rates liability of '¬14,935.98 per annum COMMENT Excellent opportunity to acquire a city development opportunity property which could facilitate residential accommodation on the upper floors with commercial at ground floor level (subject to pp). LIVING CITIES INITIATIVE A property situated in the 'Living Cities Initiative' area, which provides tax incentives for the redevelopment of certain properties into residential accommodation. LOCATION The property is situated in the centre of Limerick City on the right-hand side of William Street as one travels from O'Connell Street toward Wickham Street. Neighbouring occupiers include Dealz, Euro Store, Carew's, Gleeson's Shoe Shopand the Prescription Centre among many other retailers. 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or expenses, which may be incurred in visiting the property, should it prove unsuitable or to have been let, sold or withdrawn.