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No. 4 The Crescent, Limerick City, Co. Limerick

€650,000
Investment Property For Sale | 6,599 sq. feet (613 sq. metres)
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Overview

Property Description:

- Location
The Crescent is one of the highlights of Georgian Limerick. The area takes its name from the shape of the terraced buildings on both sides. The two sides combined give the street a distinctive crescent oval shape. A monument to Daniel O'Connell the nineteenth century Irish political leader stands in the centre of the Crescent overlooking O'Connell Street. The Crescent is a continuation of O'Connell Street Limerick's main thoroughfare.

The surrounding area is mainly professional services in nature while only being circa 5 blocks from Limerick's City Centre and prime shopping areas.

- Description
The subject property comprises of a four storey over basement building with two storey mews building to the rear currently laid as a one and two bed flat.

No. 4 has been completely refurbished in accordance with the Fire Safety Regulations and has a Fire Safety Certificate with offices on the Basement, Ground, First, Second and Third floors.

To the rear with access off the laneway is a two storey mews building which is currently laid out as a one bed flat on the ground and a two bed flat on the first floor.

- Accommodation
The accommodation comprises of approximately the following areas:
Sq. M. Sq. Ft.
Lower Ground Floor 109.70 1180.37
Ground Floor 122.00 1312.72
First Floor 107.20 1153.47
Second Floor 95.70 1029.73
Third Floor 83.40 897.38
TOTAL: 518.00 5573.67

Mews 95.10 1023.28

- BER Exempt

- Protected Structure
The subject property is recorded on the protected structures lists of the buildings held by the Local Authority which contains buildings considered to be of special interest.

- Lease Terms
The ground, first, second and third floors are currently let to Keogh Ryan Tierney on a IRI Lease at a passing rent of €40,400 pa plus outgoing on a long lease which has now expired. The tenant is required to give 6 months written notice if they wish to vacate the property.

The basement area is to let guiding a rental of €8,000 per annum.

The Mews Building: Ground floor 1 bed flat let at €6,600 pa. - First floor 2 bed flat let at €9,600 pa.

Total income from the property is circa €56,600 pa plus a projected rent from the basement of €8,000 pa.
PDF Brochure 

PDF Brochures:

 Brochure 1.pdf

Daft Property Shortcode:

https://www.daft.ie/5732765

Date Entered/Renewed:

16/4/2019 (36 days ago)

Property Views:

1,663
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Address:

No. 4 The Crescent, Limerick City, Limerick City Centre

Distance to City Centre:

0.4 km (0.2 miles), 5 minute walk

Street view

Brian O'Dwyer Commercial Director Photo

Brian O'Dwyer Commercial Director

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No. 4 The Crescent, Limerick City, Co. Limerick