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(FOR SALE – Investment Opportunity) Howleys Quay, Henry Street, Limerick.

Posted by Chesser on June 12, 2019
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Description

INVESTMENT HIGHLIGHTS

Location

This Residential Investment Opportunity is in the heart of Limerick City’s office district opposite the recently completed Gardens International Office Development extending which extends to 7,432.243sqm (80,000 sq. ft.) and recently let to Nordic Air. The surrounding area has been completely redeveloped within the past 15-20 years with large office developments all located within a few minutes’ walk such as, Riverpoint, Mount Kenneth House, Estuary House, Mill House to name a few. This Apartment Complex is part of the larger Howley’s Quay redevelopment and is completely self-contained. The development also consists of a Multi Storey Car Park, Offices, Retail, Bars and Restaurants.

Description:

  • Prime Self-Contained Own Door Residential Complex overlooking internal courtyard.
  • 22 High-Quality well-maintained apartments comprising a mix of 16 Two Bed and 6 One Bed units.
  • All apartments have own door access from covered walkway.
  • High Occupancy rates with minimum voids.
  • Car Parking available if required in adjacent multi storey car park on reasonable terms.
  • BER: Ranging from F – C3

 

Investment Summary:

 

  • The current Gross Annual Rental Income is €274,650.
  • Guide Price: In excess of €3m.
  • Title: Freehold

In our opinion there is both Capital and Rental growth available.

 

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