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Block 12, City East Retail Park, Ballysimon, Co. Limerick
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Block 12, City East Retail Park, Ballysimon, Co. Limerick

€3,000,000

1383 m²

Investment Property

Property Overview

  • Available From: Immediately

Description

  • Sale Type: For Sale by Private Treaty
  • Overall Floor Area: 1383 m²
Limerick is the capital of the Mid West Region and is located approximately 200 km south west of Dublin City and a 100 km north east of Cork City. Block 12 is located c. 3.5 km from the city centre and 1.2 km from the M7 / N24 interchange. The property is situated at City East Retail Park, Limericks prime retail warehousing development with tenants to include B&Q, Halfords, Home Store & More, Harvey Norman etc. Block 12 is in a high visibility location with good road frontage on both sides. Adjoining developments include City East Plaza an office development with Northern Trust as the main tenant along with East Point Retail Park and Delta Retail Park all located within 500 m of the subject property. Other occupiers in the immediate area include the BMW, Ford, Range Rover and Audi Car Dealerships. The Ballysimon area is firmly established as Limericks primary out of town commercial location benefitting from good access to Limerick city and the surrounding areas with a strong road network. Recent and ongoing developments include a new Limerick Educate Together Secondary School which opened in September 2023, the state-of-the-art Bon Secours 150 bed hospital which is currently under construction and Uisce Eireann (Irish Water) new 40,000 Sq. Ft. building on 20 acres all due for completion in early 2025. DESCRIPTION Block 12 comprises of a modern and prominent three storey building with adjoining design build retail warehousing unit. The three-storey building comprises of a ground floor restaurant with adjoining stores, first floor beautician and second floor offices. The upper two floors are accessed from a ground floor lobby area via a stairs and lift. This building benefits from being fitted out to a high standard throughout with full height glazed windows providing exceptional natural light, natural ventilation and views of the surrounding area. The ground floor restaurant unit is well laid out with front and rear access along with outside covered seating area and two storage facilities. Outside there is an enclosed courtyard parking area with c. 21 spaces which is accessed via an archway to the front of the building. There is an adjoining retail warehousing unit with architectural feature to the front and a first-floor mezzanine area to include offices and ancillary accommodation. This unit benefits from 10 car parking spaces to the side. A rare opportunity to acquire a high-profile investment consisting of four units in two blocks. The property provides for a mixture of uses to include a retail warehouse, restaurant and two office units extending to approximately 14,891 Sq. Ft. Externally there is a court yard parking area providing approximately twenty-one spaces with additional car parking of c. ten spaces to the side of the retail warehousing unit. The property is currently configured as four distinct commercial units. Tenants include Essential Bathrooms & Tiles, Aroma Café, Eternal Beauty Salon and Bon Secours Health System. Rental income 225,941. Euro per annum. 100% occupied. The entire site is zoned retail warehousing under the 2022 - 2028 Limerick Development Plan. Prominent building with many architectural features A3 floor plan can be emailed on request. See attached PDF brochure with accommodation and tenancy schedule.

More about this Property

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School Name
Distance
Pupils
School NameSt Brigid's National School LimerickDistance1.7kmPupils442
School NameDonoughmore National SchoolDistance2.0kmPupils172
School NameGaelscoil Chaladh An TreoighDistance2.0kmPupils444
School Name
Distance
Pupils
School NameMonaleen National SchoolDistance2.0kmPupils858
School NameMilford National SchoolDistance2.6kmPupils478
School NameLe Chéile National SchoolDistance2.6kmPupils171
School NameGaelscoil SheoirseDistance2.6kmPupils94
School NameScoil Padraig Naof BDistance2.6kmPupils204
School NameSt Canice's Special SchoolDistance2.7kmPupils8
School NameSt Patrick's Girls National School LimerickDistance2.7kmPupils206
School Name
Distance
Pupils
School NameCastletroy CollegeDistance2.8kmPupils1247
School NameColaiste MhichilDistance3.3kmPupils346
School NameColáiste Nano NagleDistance3.4kmPupils304
School Name
Distance
Pupils
School NameArdscoil MhuireDistance3.5kmPupils606
School NameGaelcholáiste LuimnighDistance3.5kmPupils627
School NameSt Clements CollegeDistance4.3kmPupils427
School NameLaurel Hill Coláiste FcjDistance4.3kmPupils380
School NameLaurel Hill Secondary School FcjDistance4.3kmPupils714
School NameSt Munchin's CollegeDistance4.4kmPupils677
School NameLimerick City East Secondary SchoolDistance4.6kmPupils454
Type
Distance
Stop
Route
Destination
Provider
TypeBusDistance370mStopCity East PlazaRoute310DestinationSarsfield Street, Limerick CityProviderDublin Coach
TypeBusDistance370mStopCity East PlazaRoute310DestinationNational Tech Park, AnnacottyProviderDublin Coach
TypeBusDistance540mStopCaisleannRoute310DestinationNational Tech Park, AnnacottyProviderDublin Coach
Type
Distance
Stop
Route
Destination
Provider
TypeBusDistance660mStopGarryowenRoute310DestinationSarsfield Street, Limerick CityProviderDublin Coach
TypeBusDistance660mStopUpper BallysimonRoute328DestinationLimerick Bus StationProviderBus Éireann
TypeBusDistance680mStopCaislean Na HabhannRoute310DestinationSarsfield Street, Limerick CityProviderDublin Coach
TypeBusDistance720mStopLower BallysimonRoute328DestinationMitchelstownProviderBus Éireann
TypeBusDistance720mStopLower BallysimonRoute310DestinationNational Tech Park, AnnacottyProviderDublin Coach
TypeBusDistance820mStopBrookfieldRoute310DestinationNational Tech Park, AnnacottyProviderDublin Coach
TypeBusDistance880mStopFox HollowRoute304aDestinationRaheenProviderBus Éireann

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BER Details

C2

Statistics

10/07/2024

Entered/Renewed

892

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Daft ID: 519547900

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