The Newtown Centre, Annacotty, Limerick For Sale By Private Treaty (Tenants Not Affected)
Location Investment Considerations The Newtown Centre is located off the R445 • The Newtown Centre is located in a prime which connects the M7 Dublin motorway to the residential area opposite Castletroy College c.5km
Commercial Investment OpportunityCommercial Investment N7 and N18 to Galway and N69 road to Kerry. from Limerick City Centre The centre is located between Newtown and • The investment comprises a 2 storey commercial Annacotty approximately 1km east of Castletroy. centre and a surface car park. The surrounding area is an established residential The ground floor comprises 8 retail units and 1 suburb with a large catchment that is serviced by restaurant unit. The first floor comprises 7 office the centre. Neighbouring residential estates include units and 1 restaurant unit. Thornfield, Cherryfield, Rosskeane and Castlemara. Castletroy College is located immediately opposite • The centre is part of a larger commercial the Newtown Centre. development which includes O’Connell’s Bar, Z-We-Ton Restaurant, McAris Take Away and Karibu Crèche. • The pro perty occupies a 0.88 Ha / 2.17 Acre site and has a net floor area of 2,141.52 sq.m. / 23,051.27 sq.ft. over ground and first floor • The current net receivable rent is approximately €250,000 p.a. The Property BER BER Code: B2-F BER No’s are available on request from Allsop
allsopireland.ie
Tel: +353 (0)1 667 3388 Property Description The Newtown Centre is a prime suburban retail development in Limerick. This modern centre comprises a purpose built two storey commercial development with 9 fully occupied ground floor retail units and 10 first floor office units, 7 of which are currently occupied. The building is constructed with concrete blocks which are plastered and painted under a metal deck roof. Six stairwells connect the front and rear of the property to the upper floor.
The site is well laid out and the commercial units have a strong profile to the boundary road. There is an extensive surface car park to the front of the property providing an abundance of customer parking. There is also an area to the rear of the site which is designated for employee parking and refuse.
The Newtown Centre is neighboured by Karibu Crèche to the east and O’Connells Bar, Z-We-Ton Restaurant and McAris Take Away to the north eastern aspect of the site. These properties are not included in the sale of the Newtown Centre. The area is well connected to all major infrastructure and is situated in a high profile location surrounded by an extensive residential suburb close to Limerick City. Accommodation Schedule The Newtown Centre, Annacotty, Limerick
Floor Unit Tenant Size Sq.M. Size Sq. Ft. Ground 1 Fresh Dry Cleaner 75.81 816.02 Ground 2 Seventh Heaven Beauty Salon 75.13 808.65 Ground 3 Bambury Bookmakers 68.92 741.85 Ground 4 & 5 Mace 403.91 4,347.69 Ground 6 Miss Piggy’s 68.71 739.59 Ground 7 Newriver Pharmacy 75.13 808.70
Commercial Investment OpportunityCommercial Investment Ground 8 Xstatic Hair Salon 76.07 818.82 Ground 9 Tuscany Bistro 85.51 920.43 First 1 Curves 107.62 1,158.42 First 2 Vacant 107.36 1,155.62 First 3 Intuition Publishing 109.98 1,183.82 First 4 Vacant 109.64 1,180.16 First 5 Vacant 166.26 1,789.62 First 6 & 7 Bord Gais 271.13 2,918.44
First 8, 9 & 10 TBC 340.34 3,663.42 Total 2,141.52 23,051.27
Viewing Solicitor Strictly by appointment with sole sales agent Eversheds, Earlsfort Centre, Earlsfort Terrace, Dublin 2 Title Price 999 Year lease from January 1st 2002 €2,300,000 exclusive of VAT Data Room Access Contact Available upon request Conor Whelan: [email protected] Ian Lyons: [email protected] Brian Kelly: [email protected] allsopireland.ie Tel: +353 (0)1 667 3388