Lot 4 - 19, Catherine Street, Limerick, V94 HK40

  • Unconditional Online Auction Sale
  • AMV : €280,000

FOR SALE BY ONLINE AUCTION ON THURSDAY, 26th MAY 2022 via YOUBID.IE


Location

The subject property enjoys a prominent location on Catherine Street which is considered to be the heart of Limerick City and has a vibrant atmosphere. Neighbouring occupiers include AIB, Eir, Uber and the soon to be completed International Rugby Experience.
The area is host to ample cafes, restaurants and renowned pubs to include Jerry Flannery's.

Description

Attractive Investment Opportunity
(Tenants not Affected)

O'Connor Murphy are delighted to bring to the market 19 Catherine Street, Limerick City.
This mid terrace mixed-use property comprises retail at ground floor level with two number one-bedroom apartments on the upper floors.

The accommodation briefly comprises:
Ground floor retail unit
- Occupied by C. & E Foodstore - Rent payable €900 per month
- Lease commencement 15th November 2010.
- c.491 sq ft.
- Suspended ceiling
- Recessed Lighting
.

First Floor Apartment
- Occupied. Rent payable €650 per month
- Lease commencement 1st July 2017
- c. 511.16 sq ft.
- Electric storage heating
- Electric shower

Second Floor Apartment
- Occupied. Rent payable €700 per month.
- Lease commencement 1st June 2020.
- Electric storage heating
- Electric shower

Total monthly rental income of €2,250. This property presents an excellent investment opportunity in one of Limerick's most sought after commercial areas.

Rates: We understand the rates for the property are approximately €2,000 per annum.

BER G:
- Retail unit: 800836546
- 1st Floor Apartment: 114706849
- 2nd Floor Apartment: 109810705

VAT

Please refer to legal pack.

Joint Agent

O'Connor Murphy (Limerick)
Hibernian House,
Henry Street,
Limerick

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 Youbid.ie or the vendor in respect of the property shall constitute a representation or a condition or a warranty on behalf of Youbid.ie 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 Youbid.ie 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 Youbid.ie or the vendor shall not give rise to any right of action, claim, entitlement or compensation against Youbid.ie 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 Youbid.ie or the vendor.

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