20 O'Connell Street, Limerick, Limerick City Centre, V94H9Y2

**TENANT NOT AFFECTED**

PRIME CITY CENTRE RETAIL / INVESTMENT OPPORTUNITY - (TENANT NOT AFFECTED) - FOR SALE.

SITUATED AT THE JUNCTION OF O’CONNELL STREET AND THOMAS STREET - PRIME RETAIL LOCATION.

TENANT SITUATED AT GROUND FLOOR AND BASEMENT LEVEL - FIRST, SECOND AND THIRD FLOORS VACANT.

NEIGHBOURING OCCUPIERS INCLUDE BROWN THOMAS, BANK OF IRELAND, CARL SCARPA, SUPERMACS, O’MAHONYS BOOKSTORE AND CAFÉ NERO.

RATES
The rates for the entire building are €8,950.040 per annum and the rates for the ground floor and basement only are €7,066.41 per annum.

TENANCY
The ground floor and basement are occupied on a new 10 year lease from January 2025. The passing rent is €35,000 per annum for years 1-4
and €37,000 per annum for year 5. A rent review at the end of year 5.

End of terrace retail/re-development opportunity. The property has accommodation at basement, ground, first, second and third floors.
The basement and ground floors currently leased as an ice-cream parlour (Gino’s Gelato), and the first, second and third floors are vacant.
There is an independent stairs to the first second and third floors which may facilitate the conversion of these floors to either office or residential use. However, a new entrance door will be required at the Thomas St. side. The property is situated in the Living Cities Initiative
area of Limerick City, which can provide (subject to certain criteria) attractive tax incentives for the conversion of the upper floors to
residential use.

The property is situated at the junction of O’Connell Street and Thomas Street in Limerick City Centre. This junction is considered the
prime retail location within Limerick City. Neighbouring occupiers include Brown Thomas, Carl Scarpa, O’Mahony’s Bookstore,
Supermacs, Bank of Ireland, Permanent TSB and many other retailers.

These Particulars and Terms are issued by Rooney Auctioneers (Limerick) Limited on the agreed understanding that all negotiations in respect of the property mentioned, are and will be conducted through them. Whilst every care has been taken in preparing these Particulars and Terms of the said property, Rooney Auctioneers (Limerick) Limited do not warrant these Particulars and Terms or any representations made by them about the property and all intending purchasers/lessees should satisfy themselves as to the correctness and/or accuracy of the information given. Rooney Auctioneers
(Limerick) Limited shall further not be liable for any loss or expenses, which may be incurred in visiting the property, should it prove unsuitable or to have been let, sold or withdrawn.