Units 1-7 Garryglass Business Park, Old Ballysimon Road, Ballysimon, Limerick V94CX4CSale Agreed B3

Investment Property Sale Agreed

View All (9)

Description

Rare opportunity to acquire a high profile 1.05 ha (2.59 acre). freehold site. The property provides for a mixture of retail warehousing (showrooms) and warehouse accommodation

Extending to approx. 4,347sq.m (46,787 sq.ft) GEA.

Large car parking area to the front providing approx. 90 no. car parking spaces with ancillary parking, loading areas and yard space located to the side and rear.

The property is currently configured as five distinct commercial units (one vacant).

Tenants include The Paneling Centre, Luminaire, Slide Deco, and Blue Box (Antiques).

Rental income €179,800 p.a from four tenants, with anticipated rental increases at rent reviews, lease renewals, and by leasing Unit 3.

Weighted average unexpired lease term (WAULT) of 4.74.

The entire is zoned Retail Warehousing under the 2022-2028 Limerick Development Plan, offering long term redevelopment potential (subject to planning permission).

Features

Entire site is zoned Retail Warehousing in the current Limerick Development Plan
Approx 120 metres of frontage onto the Old Ballysimon Road
WAULT of 4.74 years inc nearest break options
Scope to immediately increase income at upcoming rent reviews, lease renewals and by leasing Unit 3
Asset management opportunities to enhance value
BER Rating: B3>E2

BER Details

BER: B3

Documents

Brochure

CALL AGENT
EMAIL AGENT

We Value your privacy

The use of technology such as cookies allows us to operate and improve the functionality of our website, derive insights about our audience, provide social media features, and personalise content or advertising that may be of interest to you. You can choose to accept and agree to this use, or you can manage your settings to adjust your choices. You can change your mind any time by returning to this site. If you do not allow certain cookies some areas of this site may not function as intended.

Manage Your Settings

Your Privacy Preferences

When you visit any website, it may store or retrieve information on your browser, mostly in the form of cookies. This information might be about you, your preferences or your device and is used to make the site work as you expect it to, or to support your experience, or allow the website to analyse and improve the services offered. The information does not usually directly identify you, but it can give you a more personalised web experience. Because we respect your right to privacy, you can choose not to allow some types of cookies. Select the different category headings to find out more and change your settings. Please note that if you do not opt in to some types of cookies it may impact on your experience of the site and the services we are able to offer.

Strickly necessary cookies

These cookies are necessary for the website to function and cannot be switched off in our systems. They are usually only set in response to actions made by you which amount to a request for services, such as setting your privacy preferences, logging in or filling in forms. You can set your browser to block or alert you about these cookies, but some parts of the site will not then work. These cookies do not store any personally identifiable information.

Performance cookies

These cookies allow us to count visits and traffic sources so we can measure and improve the performance of our site. They help us to know which pages are the most and least popular and see how visitors move around the site. All information these cookies collect is aggregated and therefore anonymous. If you do not allow these cookies we will not know when you have visited our site, and will not be able to monitor its performance.