Property Description

FOR SALE - Investment/Redevelopment property - Tenants not affected

Offers in excess of €495,000

City Centre Investment/Re-development opportunity

Ground floor and basement currently let - upper floors vacant

Independent access to upper floors from Ersons Lane

Situated in the ‘Living Cities Initiative’ area.

Upper floors have been vacant for considerable length of time.

LOCATION
The property is situated in Limerick City Centre at the corner of Catherine St. and Ersons Lane. Neighbouring occupiers include
Mace supermarket, Uber offices, Ma Hogans pub, Zambrero, Tadgh Kearney Jewllers and many other retailers.

DESCRIPTION
Five storey over basement (6 storeys in total) investment/redevelopment opportunity. The property has tenants at ground floor
and basement levels comprising of a barber at ground floor and residential unit at basement level. The upper floors comprise of
four 1 bedroomed apartments which have been unused for 10 years plus. The upper floors have independent access from Erson’s
Lane and a concreate stairs to each level. The property is an ideal investment and redevelopment opportunity wherein an investor
will acquire the property and retain tenants at ground floor and basement level with attractive passing income and redevelop the
upper floors to four one bedroomed apartments (subject to any necessary planning and compliance with building regs, fire regs
etc.).

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or expenses, which may be incurred in visiting the property, should it prove unsuitable or to have been let, sold or withdrawn.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 No. 111541793

Energy Performance Indicator: 608.58 kWh/m2/yr

This property was last updated: 2 days ago