LOT 4 – INVESTMENT PROPERTY
FOR SALE
3 William Street, Limerick City
(Tenant Unaffected)
LOCATION
Situated directly opposite Brown Thomas in one of the most
prominent positions in Limerick. Debenhams and Penney’s
are situated nearby.
Retailers in the immediate vicinity also include McDonalds,
Costa, Burger King and Boots.
DESCRIPTION
Modern, purpose built, end of terrace, three storey retail unit.
ACCOMMODATION
sq ft
(approx)
sq m
(approx)
(Areas as per SCS measuring guidance notes)
Ground Floor
392 36.4
First Floor
383 35.6
Second Floor
352 32.7
Third Floor – Attic 269 25
ITZA
352 32.7
TENANCY
Tenant
Martin O’Connor
Photocentre Ltd.
Term
10 Year Lease from
23/12/2015
Rent
€30,000
Break Date
January 2020
Next Rent Review
January 2020
Lease Expiry
22/12/2025
COVENANT
Martin O’Connor Photocentre Ltd.
Martin O’Connor Photocentre Ltd. is a sole trader who has
retailed out of this unit for a number of years.
DATA ROOM INFORMATION
Please contact Mr. Barry Noonan, William Fry Solicitors
barry.noonan@williamfry.com for a NDA.
GUIDE PRICE
Guide price of €325,000 equates to a net initial yield of
8.8%.
TENURE
Freehold
3 William Street – Martin O’Connor Photocentre Ltd.