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Units 6 & 7, Westbury Shopping Centre, Corbally, Co. Limerick

Investment Property For Sale | 2,583 sq. feet (240 sq. metres)
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Property Description:

€ Attractive retail / office investment for sale by Private Treaty (Tenants not affected)
€ Current passing rent of €33,260 per annum
€ Based on the asking price this represents a Gross Initial Yield of 12.8%
€ Forms part of the Westbury Shopping Centre anchored by Tesco

The subject units are located at Westbury Shopping Centre approx. 3km north of Limerick City in the popular suburb of Corbally offering a substantial catchment area. Other occupiers within the centre include Tesco Express, Keating€TM Pharmacy & Express Dry Cleaners.

Ground floor unit approx. 1,507 sq.ft comprising retail space, rear office and store.
First floor unit approx. approx.1,076 sq.ft comprising a doctors surgery including reception, two consultation rooms, bathroom and store.

Ground floor unit: Occupied under lease until November 2033 (14 years unexpired) at a rent of €21,260 per annum.
First floor unit: Occupied under lease until 1 April 2021 (2 years unexpired) at a rent of €12,000 per annum.

Service Charge:


€260,000 plus VAT if applicable

Daft Property Shortcode:


Date Entered/Renewed:

28/11/2019 (8 days ago)

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Units 6 & 7, Westbury Shopping Centre

Distance to City Centre:

3.3 km (2.1 miles), 30 minute walk
Mark Cusack Comm. Director Photo

Mark Cusack Comm. Director

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Units 6 & 7, Westbury Shopping Centre, Corbally, Co. Limerick