- Prime Retail/Office Investment Opportunity (Tenants not Affected)
- Entire extending to circa 1,672 sq.m (18,000 sq.ft)
- Passing rent of €52,2000 p/a
FOR SALE BY PUBLIC AUCTION ON WEDNESDAY, 31ST OCTOBER 2018.
Attractive Retail/Office Investment Opportunity
(Tenants no Affected)
An Dun is situated on Church Road, Raheen, Limerick. Raheen is a suburb circa 7km from Limerick City Centre and is one of Limerick’s most sought-after locations for both investors, owner occupiers and business owners. Raheen and Dooradoyle are under the same Electoral District and the population is c. 18,388 (Census 2016). Most notable occupiers in the Raheen / Dooradoyle area is, The Crescent Shopping Centre, The Mid-West Regional Hospital, Raheen Industrial Estate, along with many smaller neighbourhood commercial schemes such as Courtfields and Racefield. The area is well populated with residential estates, both new and old and is also within close proximity to Mungret Village, which has seen significant investment in the last few years, offering two new schools and ample amenities. The main national road network and Limerick tunnel linking the city with the M7 Limerick to Dublin motorway and the main Limerick to Shannon & Galway M9 motorway are all within close proximity to An Dun.
The subject property is a mixed-use development comprising commercial at ground floor and residential apartments at the upper levels. We are offering for sale the entire ground floor, five units in total, for which we understand operated as a Gym ( original grant of planning permits). In recent times the original unit has been subdivided into five individual units which are all presently occupied.
Current Rent: €52,200 per annum.
Services: We understand all main services are available to the property.
Area: entire circa 6,100 sq.ft (566 sq.m)
Unit 1 c. 1,200 sq.ft / Unit 2 c. 1,200 sq.ft / Unit 3 c. 1,400 sq.ft / Unit 4 c. 500 sq.ft / Unit 5 1,800 sq.ft
From Limerick City proceed to Raheen, pass University Hospital Limerick on your left, at the second set of traffic lights turn left (Ballycummin Road), An Dun is located on right hand side past St Nessans Church.