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

€260,000
Investment Property For Sale | 2,583 sq. feet (240 sq. metres)
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Overview

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


Location:
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.


Description:
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.


Tenancies:
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:
TBC

Rates:
TBC


Price:
€260,000 plus VAT if applicable

Daft Property Shortcode:

https://www.daft.ie/5909378

Date Entered/Renewed:

28/11/2019 (8 days ago)

Property Views:

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Map Legend:

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Address:

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