Property Partners Kavanagh (Fairview)

39 Chapel Street, Limerick City, Limerick

POA

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Description

*****UNDER OFFER*****
The subject unit comprises of a mid terraced, 3 storey unit with ground floor retail and overhead office / stores. The property is very well located on Chapel Street, a pedestrian street which adjoins Cruises Street and William Street, Limerick’s main retailing locations. This is a prime retail location, with many of the adjoining occupiers comprising of high street household names.

Lease Terms:
The subject unit is Let to Alvini Ltd T/A e-cigs shops, for a term of 3 years at a rent of €10,000 p.a.. The lease expires in June 2017. It has been agreed with the Tenant, that the subject unit will be let on a 5 year lease at €12,000p.a. + VAT if applicable from the expiry date of the original lease agreement.
The Tenant is responsible for rates and building insurance.

Services:
We have been advised all main services are available to the subject property.

Features

• Commercial building just off Cruises Street & William Street
• Ground floor retail area with overhead office / stores
• Chapel Street is pedestrianised
• Adjoining occupiers include Champion Sports, Argos, along with many high street retailers
• Passing rent of €12,000 p.a. for 5 years from June 2017.

BER Details

BER: G

Accommodation

The accommodation comprises of the following approximate GIA:
Ground Floor Area: 31 Sq. m.
1st Floor: 31 Sq. m.
2nd Floor: 31 Sq. m.
Total: 93 Sq. m. C. 1,000 Sq. ft.
The subject accommodation also benefits from w.c. and a locker room area.