Limerick Property Watch: Superb retail investment opportunity opens up
A SUPERB investment opportunity has been to the market by QRE Real Estate Advisers which announced a strategic partnership with the commercial division of Limerick and Cork-based commercial real estate agents O’Connor Murphy in November 2020.
This retail investment opportunity is situated on a prominent site in Limerick city with dual frontage to the Old Dublin Road and Rhebogue Road, benefiting from a large catchment area which includes Castletroy, Annacotty, Monaleen and Rhebogue.
The Castletroy region is one of Limerick’s fastest growing and popular suburbs with a population in the region of 30,000 people.
University of Limerick is approximately 2.7km away while, Parkway Shopping Centre and Parkway Retail Park - home to TK Maxx, Costa Coffee, Jysk, Smyths Toys and Dunnes Stores - are located close to the subject property.
Limerick City Centre is approximately 3km away.
The property comprises of mixed-use commercial buildings which benefit from dual frontage onto both the Old Dublin Road and Rhebogue Road.
It consists of two detached buildings with a total floor area extending to 16,492 square feet (1,532m2), built in circa early 2000s.
The development benefits from 80% occupancy, generating a current passing rental income of €143,000 per annum with a potential estimated rental income of €157,000 per annum (with the benefit of full occupancy).
This investment opportunity is for sale by best bids.
All information in relation to the development will be uploaded to a dataroom. Please see parklodgeproperty.com for more.
Final Bids must be submitted, in writing, to [email protected] by 12pm on November 4, 2021.
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