Mulgrave Street, City Centre (Limerick), Limerick City

€550,000

Beds
Price	€550,000
Property Type	Retail Units
Size	1 meters²
Energy Rating	BER-E1
Refreshed on	Mar 6, 2024
Eircode	V94C974

Description

Excellent Commercial Investment comprising Takeaway, Retail Unit & 3 Bed Apt For Sale. Takeaway - Well established Chinese / European takeaway with lucrative turnover and large catchment population. High profile location close to the city centre (available with vacant possession due to owner retiring). Fully fitted kitchen inclusive of all fixtures & fittings. Option to take over the business or let the takeaway (estimated rental value €30,000 per annum). Also includes Ground Floor Retail Unit Let as a Barber Shop on an informal lease from 2020 at passing rent of €7,800 per annum and 1st Floor 3 bed apartment with annual rent of €14,400. Total expected rent of approx. €52,200 per annum. Based on the asking price of €550,000 this would result in an attractive Gross Initial Yield of 9.5%. Commercial rates: Retail unit €1,000 per annum. Takeaway unit €2,200 per annum Accommodation Ground Floor Takeaway - counter area, fully fitted & equipped kitchen, food prep area, 2 stores, plant room, staff toilets & plant room. Barber shop – retail area, kitchen and toilet. First Floor Apartment - 3 bedrooms, ensuite shower room, main bathroom, living area / kitchen and utility. Asking price €550,000 Option to purhcase Takeway & Retail Unit only - Price €395,000

Accommodation

Accommodation Ground Floor Takeaway (approx. 92 sq.m / 990 sq.ft) - counter area, fully fitted & equipped kitchen, food prep area, 2 stores, plant room, staff toilets & plant room. Barber shop (approx 47.86 sq.m / 515 sq.ft) – retail area, kitchen and toilet. First Floor Apartment (approx 105.06 sq.m / 1,130 sq.ft) - 3 bedrooms, ensuite shower room, main bathroom, living area / kitchen and utility.

BER Details

BER: E1 BER No.105912 Energy Performance Indicator:1163.37 kWh/m²/yr

Viewing Details

By appointment with DNG Cusack Dunne

Description

Accommodation

BER Details

BER: E1 BER No.105912 Energy Performance Indicator:1163.37 kWh/m²/yr

Viewing Details