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50 Thomas Street, Limerick City, Co. Limerick, V94 DA2N

Price on Application
Investment Property For Sale | 5,511 sq. feet (512 sq. metres)
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Overview

Property Description:

PRIME CITY CENTRE INVESTMENT OPPORTUNITY - FOR SALE BY PRIVATE TREATY

M&C Property are delighted to offer this substantial, landmark property for sale on one of Limerick City's most vibrant pedestrianised streets.
Fully re constructed c.1990, the subject property comprises first, second and third floors of mixed use accommodation which is presently fully occupied and producing a strong rental income.
The first floor commercial accommodation is fully let to 4 separate occupiers who have all expressed a wish to remain in situ.
The second and third floors consist of 6 residential apartments that are also fully let on terms that reflect the current open market rental values.
The entire property is presented to the market in superb condition throughout and is not in need of any immediate upgrading works.
50 Thomas Street occupies a prime position in an area regarded as Limericks premier retail, business and food district. There are numerous high profile, long established outlets in the immediate locality including: Brown Thomas, Uber, Boots, Easons, Lifestyle Sports, Ecco Shoes, Debenhams, Starbucks, The Cornstore Restaurant, Bella Italia and Carlton Coffee to name but a small selection.
TITLE
We understand the property is held under Long Leasehold.

TENANCY
The property is being offered with tenants unaffected.Further lease details available on request.


LIMERICK
Limerick City is the third largest city in Ireland and is identified as a gateway city in the National Spatial Strategy for the mid-west region. According to the Census in 2016 the population of Limerick City and suburbs is 94,192. This represents 48% of the total population of Limerick which now stands at 194,899, up from 191,809 in 2011 and 184,055 in 2006.

Transport infrastructure in the area is strong with numerous national roads converging including N7, N20, N24 and N69. Shannon Airport is located approximately 26 km west of the City. Limerick has a strong third level presentation. The University of Limerick is the largest college with a student population of over 13,000 and they are set to add a city centre campus over the coming years with the proposed development of the Sarsfield Street site which is only 300 mtrs from the subject property.




FEATURES
- Ideal opportunity for self-administered pension fund

- Strong rental income being generated presently

- Prominent City Centre Investment opportunity

- Offered for sale with tenants in situ on favourable lease terms -details on request.

- Outstanding location on one of Limericks busiest thoroughfares

- Subject property is in outstanding condition throughout



For Further details please contact our office on 061 432846

OFFICE OPENING HOURS
MON TO FRI 9AM TO 5:30PM(closed for lunch 1pm to 2pm)

Keep up to-date with NEW PROPERTIES by registering your details on our database, please contact our office on 061 432846


NOTE: These particulars are not to be considered a formal offer. They are for information only and give a general idea of the property. They are not to be taken as forming any part of a resulting contract, nor to be relied upon as statements or representations of fact. Whilst every care is taken in their preparation, neither M&C Property nor the vendor accept any liability as to their accuracy. Intending purchasers must satisfy themselves by personal inspection or otherwise as to the correctness of these particulars. No person in the employment of M&C Property has any authority to make or give any representation or warranty whatever in relation to this property.

Daft Property Shortcode:

https://www.daft.ie/5891799

Date Entered/Renewed:

25/5/2020 (9 days ago)

Property Views:

2,433
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Address:

50 Thomas Street

Distance to City Centre:

0.5 km (0.3 miles), 5 minute walk
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50 Thomas Street, Limerick City, Co. Limerick