Modern Office Investment Opportunity

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

These particulars are issued by name of OMG Commercial Limited TA Murphy Gubbins Auctioneers on the understanding that all the negotiations are conducted through them. These particulars do not constitute, nor constitute any part of, an offer or contract. All statements, descriptions, dimensions, references to condition, permissions or licenses of use or occupation, access and other details are for guidance only and are made without responsibility on the part of name of Murphy Gubbins or the vendor. None of the statements contained in these particulars, as to the property are to be relied upon as statements or representations of fact and any intending purchaser should satisfy themselves (at their own expense) as to the correctness of the information given. Prices are quoted exclusive of VAT (unless otherwise stated) and all negotiations are conducted on the basis that the purchaser shall be liable for any VAT arising on the transaction. The vendor do not make or give, and neither name of Murphy Gubbins any of their employees has any authority to make or give any representation or warranty whatsoever in respect of this property.