LOT 7 – INVESTMENT PROPERTY
FOR SALE
8a 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, corner three storey, retail
outlet with an imposing façade and generous display
windows. The overall building comprises of No.8a and
No.9, please note that we are only selling No.8a, No.9 is in
different ownership.
sq ft
sq m
ACCOMMODATION
(approx)
Ground Floor
First Floor
ITZA
1883 174.9
1533 142.4
877 81.5
(approx)
(Areas as per SCS measuring guidance notes)
TENANCY
Tenant
River Island Clothing Company
(Ireland) Limited
Term
25 Year Lease from July 1993
Rent
€194,700
Next Rent Review
Passed
Lease Expiry
30/06/2018
COVENANT
River Island Clothing Company (Ireland) Limited
River Island is a privately owned company originally founded
in 1948 specialising in fashion. The company opened its
first shop in the Republic of Ireland in 1983 and has since
then expanded into other International markets.
As of July 2015 River Island had in excess of 300 stores
internationally.
DATA ROOM INFORMATION
Please contact Mr. Barry Noonan, William Fry Solicitors
barry.noonan@williamfry.com for a NDA.
GUIDE PRICE
Guide price of €1,500,000 equates to a net initial yield of
12.4%.
TENURE
Part freehold, part long leasehold – approx. 977 years
remaining
8a Cruises Street – River Island Clothing Company (Ireland) Limited