LOT 6 – INVESTMENT PROPERTY
FOR SALE
6a Cruises Street, Limerick City
(Tenant Unaffected)
LOCATION
Centrally positioned on the pedestrianised retail thoroughfare
of Cruises Street, which is a purpose built retail street
situated in the heart of Limerick City Centre.
Immediate occupiers include McDonalds, Easons, River
Island, Monsoon and Boots. Major Department Stores in the
immediate vicinity include Brown Thomas, Debenhams and
Penney’s.
DESCRIPTION
This is a modern, purpose built, two storey, retail outlet with
generous display windows.
ACCOMMODATION
sq ft
(approx)
sq m
(approx)
(Areas as per SCS measuring guidance notes)
Ground Floor
First Floor
ITZA
1,756 163.1
1,667 154.9
853 79.2
TENANCY
Tenant
CeX (Complete Entertainment
Exchange) Limited
Term
15 Year Lease from July 2013
Rent
€50,000
Break Date 29/07/2018 + 29/07/2023
Next Rent Review
16/07/2018
Lease Expiry
30/07/2028
COVENANT
CeX (Complete Entertainment Exchange) Limited
CeX Limited is a privately owned company founded in 1992.
The company specialises in computing and video games
and specialises in second hand computer games. It has
approximately 270 stores in the UK and 25 stores in Ireland.
DATA ROOM INFORMATION
Please contact Mr. Barry Noonan, William Fry Solicitors
barry.noonan@williamfry.com for a NDA.
GUIDE PRICE
Guide price of €550,000 equates to a net initial yield of
8.7%.
TENURE
Part freehold, part long leasehold – approx. 977 years
remaining
6a Cruises Street – CeX (Complete Entertainment Exchange) Limited