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Portfolio of Properties at Market Court, Newcastle West, Co. Limerick

  • Auction
  • Lot 379
  • Ireland
  • Retail
  • Commercial

Sold for €470,000

Property Summary

  • A portfolio of properties.
  • Comprising two x retail units, one x office unit and three x apartments.
  • Retail Unit 1 let to an individual t/a Heaney Opticians.
  • Lease expiry 2029.
  • Office Unit let to Foroige.
  • Overholding.
  • Three x apartments subject to a pooled rental scheme.
  • Total current rent reserved €36,580 per annum with vacant possession of one x retail unit.

Contact Us

Thomas O'Dowd
Thomas O'Dowd
Property Agent, here to help.
Eimear Fitzgibbon
Vendor's Solicitor

Contact Us

Thomas O'Dowd
Thomas O'Dowd
Property Agent, here to help.
Eimear Fitzgibbon
Vendor's Solicitor

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Description

The property is arranged over ground and first floors to provide a portfolio of properties. Internally the property comprises two x retail units, an office unit, together with three apartments.

Location

  • Newcastle West is a town in west Co. Limerick, it is the second largest town to Limerick city in the county.
  • The town is situated approximately 43km to the south west of Limerick city and approximately 58km to the north east of Tralee.
  • Transport links in the area include the N21 National primary road, linking Newcastle West to Tralee and Limerick city and also providing direct access to the M20 Motorway and in turn the M7 Motorway. Public transport is served via a number of bus routes.
  • The property is situated within the Market Yard development, east of Bishop Street.
  • Surrounding occupiers include Ulster Bank and Super Valu.

Property Table

NoPresent LesseeAccommodationSq.m(Sq.Ft)Lease TermsCurrent Rent Reserved € p.a.
  Total901 sq. m(9,697 sq. ft)  €36,580 p.a.
1An individual t/a Heaney OpticiansRetail83 sq. m(893 sq. ft) 21 years from 01.05.2008€12,000 p.a.
2ForoigeOffice110 sq. m(1,184 sq. ft)Overholding€10,000 p.a.
 VacantRetail / Office544 sq. m(5,856 sq. ft)--
Apt 19An individual Two bed apartment57 sq. m(613 sq. ft) €4,680 p.a.
Apt 20An individualOne bed apartment50 sq. m(538 sq. ft) €4,500 p.a.
Apt 23An individualTwo bed apartment57 sq. m(613 sq. ft) €5,400 p.a.

VAT

Please refer to Legal Documents

BER Rating

C1 - F

BER Identification Number

Available From Bidx1

Energy Performance Indicator

705.97 kWh/m²/yr1.22-328.88 kWh/m²/yr-

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*Terms & Conditions

No information, statement, description, quantity or measurement contained in any sales particulars or given orally or contained in any webpage, brochure, catalogue, email, letter, report, docket or hand out issued by or on behalf of BidX1 or the vendor in respect of the property shall constitute a representation or a condition or a warranty on behalf of BidX1 or the vendor. Any information, statement, description, quantity or measurement so given or contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the vendor are for illustration purposes only and are not to be taken as matters of fact. Any mistake, omission, inaccuracy or mis-description given orally or contained in any sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the vendor shall not give rise to any right of action, claim, entitlement or compensation against BidX1 or the vendor. All bidders must satisfy themselves by carrying out their own independent due diligence, inspections or otherwise as to the correctness of any and all of the information, statements, descriptions, quantity or measurements contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the vendor.

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