Stereame Business Park, Nenagh, Co. Tipperary, E45VX02

LOCATION The property is situated in the Stereame Business Park, Nenagh, Co Tipperary. The property adjoins the Nenagh Retail Park and is accessed off the R445 Limerick Road. Nenagh town centre is located approximately 2km to the east of the property, via the R445. The property is well served by public transport, with regular public bus routes operating along the Limerick Road, with the nearest bus stop approximately 400 metres to the south of the subject property. The adjoining Retail Park is anchored by Woodie's DIY and Aldi. Junction 26 of the M7 motorway is approximately 3km to the south west, providing access to Limerick City, approximately 40km to the south west, Dublin, approximately 165km to the north east and Cork City, approximately 140km to the south, via the M7 and N20. DESCRIPTION The property extends to a total gross floor area of approximately 104,700 sq.ft with a two storey mezzanine measuring 12,595 sq.ft. The property is situated within a site extending to approximately 3.02 hectares (7.46 acres) with approx. 1.11 Ha (2.75 Acres) of expansion lands. The main point of access is from the adjacent estate spine road to the western boundary with a secondary access point along the southern boundary. The property is of steel portal frame construction, finished externally with rendered block walls to a height of approximately 3 metres, with steel cladding above, double glazed uPvc windows and a steel deck roof with translucent insert panels. The warehouse has an approximate eaves height of 10 metres and benefits from 12 No. dock leveller loading bays and 2 No. grade level roller shutter loading doors. Internally, the property has solid concrete floors throughout and the offices have suspended ceilings with recessed fluorescent lighting and air conditioning cassette units, with floor to ceiling heights of approximately 2.55 metres. The showroom has a timber grid suspended ceiling with recessed fluorescent lighting and air conditioning cassette units. The office and showroom block is served by a passenger lift through all floors, with a capacity of 8 persons or 600kg. Also, to the front of the site, adjacent to the access gate, there is a large sprinkler system water tank and a boiler house. To the front elevation of the building, there is a tarmacadam surfaced car parking area with capacity for approximately 45 vehicles. There is also a narrow, soft landscaping strip fronting the adjoining estate road. ZONING The expansion land is zoned 'Employment' which is further defined as 'To provide, improve and encourage general enterprise, business development and employment activity, including start up enterprises and tourism. Provide for distribution, warehouse, storage and logistics facilities where appropriate access to a major road network is available.' In accordance with the Nenagh Local Area Plan 2024 - 2030. TENANCY The property is currently held under two leases - Banaghan & Co. (Stationary) Limited and Banaghan & Company Limited. The lease term in each case is 10 years with a commencement date of 1st January 2021 and with the initial rents set at '¬140,000 and '¬260,000 per annum respectively. These leases cover the entire demise and equate to an overall rent of '¬400,000. There is a landlord/tenant break option on the 31st December 2025 subject to six months notice.