26 Canal House, Grove Island, Limerick City, Limerick, V94 EK64
Two story office building of 279m2 comprising reception, two meeting rooms, kitchen and WC at ground floor with an open plan office, two private offices, ladies and gents WC at first floor and a converted attic providing an additional 108m2 used for storage.
Long term tenant in place, new ten year lease commencing 2023 with tenant break option at year 5. Rent €37,000 per annum year 1 to 5, increasing to €43,000 per annum year 6 to end of year 10. Averaging €40,000 per annum over 10 years.
Location: The property is located at Grove Island, just a few minutes walk from Limerick City Centre, the development fronts onto the ring route linking Corbally to the Dublin Road and forms part of the Grove Island development which includes Grove Island Leisure Centre and Supervalu. The unit is accessed via the multi storey carpark, it is located at roof level and has own door independent access. There is an escalator leading from the ground floor (beside the Supervalu) which also provides pedestrian access.
General: End of terrace well fitted own door office suite over two floors and includes the upper floor of the adjoining office unit. It has floored and fitted storage space in the attic space and is overhead retail and other commercial office space. Communal car parking is provided by way of a multi storey car park. It has air conditioning throughout, is fully alarmed and there is a video intercom system.
Accommodation: Lower Level; Lobby, Reception area, 2 No. Meeting rooms, Kitchen & WC.
Upper level; Open Plan office, 3 No. Private Offices, Ladies and Gents Toilets.
Attic; Storage Area.
Viewing Details: Strictly by appointment only with Murphy Gubbins Auctioneers.
Asking Price: €425,000
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