REA

The Riverpoint Portfolio, City Centre (Limerick), Limerick City Sale Agreed

C2-D2   59 - 119 m²

Features

  • Attractive Investment Opportunity
  • 12 x 2 & 3-bedroom apartments for sale in One Lot
  • Landmark Riverpoint Complex
  • Overlooking the River Shannon
  • Passing Rent: c. €141,600 with an estimated rent of c.€176,400 per annum
  • Gross Yield: circa 6.75%

Description

REA O’Connor Murphy are delighted to offer to the market this unique investment opportunity to acquire 12 x 2 and 3-bedroom apartments being sold in One Lot. Situated across from the newly refurbished boardwalk in Limerick, the Riverpoint Complex is a landmark building, which overlooks the River Shannon and comprises a mix of commercial and residential units. The subject units are spread out over the 10th and 11th floors with some units offering spectacular views of the River.

Current passing rent roll circa €141,600 per annum with an estimated rent of €176,400 per annum.

The location of these City Centre apartments is ideal as they are situated within close proximity to all amenities including shops, restaurants, pubs, and the newly renovated riverside boardwalk. Limerick City (City of Culture 2014), is now recognised as one of the most established and thriving City Centre’s in Ireland. Riverpoint is situated in the heart of the city and is already an established business hub.
With the on-going development of the “Gardens International” office accommodation we envisage an increase in both foreign direct investment and local investment into the City Centre. This will inevitably increase the demand for City Centre based accommodation for employees. The Riverpoint complex is within close proximity to the “Gardens International” development site and could provide an opportunity for investors to take advantage of the increased demand for such accommodation.

Guide Price: €2,095,000.
VAT treatment to be Confirmed

Sales Process:

Best Bids Format: All information uploaded to a dataroom for inspection. Please contact REA O’Connor Murphy for access (unless previously sold).

Expressions of Interest: submitted in writing to REA O’Connor Murphy by 12 noon 17th October 2018.
Best & Final: submitted by contract to REA O’Connor Murphy by 12 noon 31st October 2018.

Solicitors Details: Annabel Caldwell, Lavelle Solicitors, St James House, Adelaide Road, Dublin 2.

BER Details

BER: C2 - D2

Property Agent

  • REA O'Connor Murphy
  • Hibernian House, Henry Street, Limerick
  • 061 279 300
  • PSRA Licence No: 001988 /
Request Details

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