Property Description

Warehouse/ Industrial Investment (Tenant not Affected).

LOCATION
The Docklands Business Park is home to a number of occupiers such as An Post, Limerick Self Storage, Precision signs, Noonan Services, and Iron Mountain Records Management. The park was developed in the 1990's and is an attractive location with close proximity to Limerick City and Junction 1 of the M18 motorway, which connects to the M7 & M20 motorways.

DESCRIPTION
Large high bay industrial/warehouse unit with internal offices and external yard. The property comprises of a high bay industrial unit with an eave height of 7.35 metres. The interior perimeter walls comprise of concrete block up to approximately two thirds eave height and concrete floor. There are three roller shutter doors, one to the side and two to the front.

Internally offices have been constructed with reinforced concrete/block work comprising two levels of offices - ground floor and first floor. Externally, the property is two yards, one to the side and one to the front. These yards provide ample storage and parking spaces and drop off/colection areas.

Lease
The property is currently fully occupied by Comans Beverages Ltd. with lease expiry and term certain until 2031. Comans Beverages Ltd. would be considered a very strong covenant.

Rent Review
The rent review was carried out and agreed with a new effective rent of €132,000 effective from 1st October 2025.

Guide Price
€1,550,000

BER Details
BER Number: 801149808
BER Rating: C2
Energy Performance Indicator: 158.57 kWh/m²/yr

Comment
Excellent opportunity to acquire a large modern warehouse/industrial unit in Limerick City. Let to a strong covenant at market rent. The attractiveness of the unit is also enhanced by the fact of it having a larg yard/ storage area.

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. 801149808

Energy Performance Indicator: 0.00 kWh/m2/yr

This property was last updated: 3 days ago