4 and 5 Michael Street, Limerick City Centre, Co. Limerick, V94V184

FOR SALE – 4 & 5 MICHAEL STREET, LIMERICK CITY Helen McCormack Estate Agents are pleased to present 4 & 5 Michael Street, Limerick City, a substantial 4 storey commercial property extending to approximately 3,500 sq. ft., with a current combined rental income of €45,000 per annum. It is an attractive opportunity to acquire a substantial city-centre commercial property comprising two adjoining buildings which have been internally connected for several years to provide one combined premises. Extending over 4 floors, the property offers an appealing combination of existing rental income and future occupational flexibility. It may suit investors seeking an income producing asset, owner occupiers requiring substantial city centre accommodation, or purchasers wishing to explore the future letting or occupation of the upper floors. RENTAL INCOME The property currently generates a combined rental income of €45,000 per annum, comprising: Ground Floor: €20,000 per annum. 1st, 2nd & 3rd: €25,000 per annum. The upper three floors are expected to become available from 1 January 2027. This provides an incoming purchaser with the benefit of the current rental income while retaining flexibility to determine the future use of the upper accommodation. THE ACCOMMODATION The property is configured as established office accommodation. The internal layout includes reception and waiting areas, a range of individual private offices, larger meeting and boardroom rooms, kitchen and WC facilities, corridors and ancillary spaces. The two buildings have been internally connected to facilitate use as one premises, offering a practical and versatile office environment suitable for a range of professional and commercial requirements. INVESTMENT & OWNER-OCCUPIER POTENTIAL With the availability of the upper three floors on 1 January 2027, the property offers several possibilities for an incoming purchaser, including: - Retaining the existing rental income and reletting the upper accommodation. - Continuing with the ground-floor rental arrangement while occupying the upper floors for their own business. - Reviewing the future occupational use of the property as a whole. This flexibility makes the property worthy of consideration by both investment purchasers and owner occupiers. LOCATION Michael Street occupies a central position within Limerick city centre, close to a wide range of established commercial, retail and civic amenities. Of particular note is the property's proximity to One Opera Square, the recently completed Grade A office development at the corner of Michael Street and Ellen Street. The wider Opera Square regeneration project is also progressing, further enhancing the commercial profile of this part of the city. The property is within convenient walking distance of O'Connell Street, the Milk Market, the Hunt Museum, Bon Secours Hospital and the Revenue Commissioners. Michael Street also provides convenient access to Clare Street, the Dublin Road and the N24, with onward connections to the regional and national motorway network. PARKING The property benefits from a rear outdoor parking area, accessed directly through a secure gated entrance. Details regarding the number of spaces and associated parking arrangements are available from the selling agent. VIEWING & FURTHER INFORMATION Viewing is by appointment through Helen McCormack Estate Agents. Further information, including rental and occupational details, is also available on request.