10 The Crescent, Limerick City, Limerick V94NC8KSale Agreed
Office Sale Agreed
Description
Limerick is the capital of the Mid-West region and is located approximately 210 km South West of Dublin City and 100 km North East of Cork City.
The subject property is located on The Crescent, located at the top of O’Connell Street Limericks main thoroughfare and before O’Connell Avenue.
The Crescent and the surrounding area comprise mainly of Georgian period buildings with adjoining occupiers including offices, retail, bars, coffee shops etc.
No. 10 comprises of a mid-terraced four storey over basement. The layout of the subject property as it currently stands comprises of basement, ground, first and second floor offices with third floor flat. The property also benefits from a ground floor level flat to the rear and old coach house building.
The subject property is in Limerick’s Georgian Quarter – known as the Newtown Pery. The property was built in the late 18th and early 19th century, over 200 years ago.
The subject property comprises of a red brick Georgian building with pitched and parapet roof.
The ground floor flat has the benefit of a walled rear garden via sliding patio doors.
To the rear of this is the coach house with a roller shutter door allowing for rear parking.
The top floor flat is very spacious comprising of two large double bedrooms and excellent views front and rear.
The entrance is by way of stone archway. There is a panelled front door to the property with a fan light above the door. The windows mainly comprise of the original sash windows, while the floors are timber throughout. This property benefits from many of its original features throughout. The property also benefits from a rear garden area.
The subject property is located in an area of Architectural conservation and are recorded as protected structures in the Limerick City Development Plan 2010 – 2016 (as Extended). The variations came into effect on 29th May 2017. As per Map 8A.
Tax Incentive Scheme
The subject property is located in a designated area for the Living Cities Initiative. Further details available from Limerick City and County Council website.
TENANCIES (Subject to Confirmation)
The following are the existing tenancies in the subject property:
Ground Floor and Basement Tenant
Andrew Darcy & Company
Let on a four year and nine-month lease from July 2019 at a passing rent of €11,000 per annum plus outgoings.
First Floor
The Pudding
Let on a four year and nine-month lease from May 2015 at an annual rent of €5,000 per annum plus outgoings.
Second Floor
William O’Sullivan Accountant
Originally let c. 25 years ago on a passing rent of €6,000 per annum plus outgoings.
Top Floor Flat – Currently vacant
Ground Floor Rear Flat – Currently vacant
Coach House backing on to the Lane way – Currently vacant
Features
No. 10
Basement 44 Sq. mtrs.
Ground Floor 90 Sq. mtrs.
First Floor 90 Sq. mtrs.
First Floor Return W.C. H.H.B.
Second Floor 90 Sq. mtrs.
Third Floor Flat 90 Sq. mtrs.
Ground Floor Flat 34 Sq. Mtrs.
Total Gross Internal Area: 438 Sq. mtrs.
Coach House 44 Sq. Mtrs.
Grand total area 482 Sq. mtrs
BER Details
BER: Exempt