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BER D1

What is BER?

A Building Energy Rating (BER) indicates the energy performance of a property. Using a scale of A to G, higher rated homes will have lower energy bills.

Learn more

7th Floor Riverpoint, Limerick City, Co. Limerick

€420,000
Investment Property For Sale | 2,580 sq. feet (240 sq. metres)
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Overview

Property Description:

OFFICE SUITE FOR SALE (Tenant not affected).

PRICE REGION €420,000 (EXCLUSIVE OF VAT - IF APPLICABLE).

Situated on 7th Floor of landmark building in Limerick city centre with 4 car parking spaces.
Generating an annual rent of €38,680 p.a. (excluding VAT) per annum.

The suite is oval in shape and is approximately 239.68m2 (2,579 sq.ft.).Accommodation consists of reception area; open plan administration area; seven offices; boardroom; tea station; store room; ladies and gents toilets / shower room. There are 4 car-parking spaces in the underground car park with the property. Excellent opportunity to acquire a modern purpose built office suite as an investment property in Limerick City Centre. The property is well-fitted throughout and is producing an attractive income.

Attractive city centre investment.

Potential net yield of 8.69% based on current rent and asking price.

The property is currently occupied on a 9 year 9 months lease which commenced on the 19th February 2018. The current passing rent is €35,000 p.a. plus VAT for the office and €3,680 plus VAT for the 4 car parking spaces. The Tenant has the right to terminate the lease at the expiration of the third and fifth year of the Lease by providing 6 months notice.

Riverpoint is a landmark mixed development in Limerick City Centre. The commercial building comprises of a 13 storey office development situated at the junction of Lower Mallow Street and Shannon Bridge in the City Centre.

Disclaimer: These Particulars and Terms are issued by Rooney Auctioneers (Limerick) Limited on the agreed understanding that all negotiations in respect of the property mentioned, are and will be conducted through them.  Whilst every care has been taken in preparing these Particulars and Terms of the said property, Rooney Auctioneers (Limerick) Limited do not warrant these Particulars and Terms or any representations made by them about the property and all intending purchasers/lessees should satisfy themselves as to the correctness and/or accuracy of the information given. Rooney Auctioneers (Limerick) Limited shall further not be liable for any loss or expenses, which may be incurred in visiting the property, should it prove unsuitable or to have been let, sold or withdrawn.

BER Details

BER D1

What is BER?

A Building Energy Rating (BER) indicates the energy performance of a property. Using a scale of A to G, higher rated homes will have lower energy bills.

Learn more
What's this?
BER No 800579500
Energy Performance Indicator: 585.34 kWh/m2/yr

Daft Property Shortcode:

https://www.daft.ie/5868355

Date Entered/Renewed:

17/7/2019 (today, 21 minutes ago)

Property Views:

271
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Map Legend:

Street Level Match Street level match (i.e. the property could be anywhere along the street)

Address:

7th Floor Riverpoint, Limerick City, Limerick City Centre

Distance to City Centre:

0.6 km (0.4 miles), 5 minute walk

Street view

Gordon Kearney MRICS MSCSI Photo

Gordon Kearney MRICS MSCSI

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7th Floor Riverpoint, Limerick City, Co. Limerick