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Units 1/1a Annacotty Business Park, Annacotty, Limerick


Price
€3,250,000

Type
Commercial

Status
For Sale

Location
Annacotty

Description

Investment Opportunity for Sale by private Treaty. (Note: Tenants Unaffected).

Industrial warehousing facility extending to a total floor area of approximately 7,625 sq. m. (82,045 sq. ft). Currently let at an annual rent of €214,000 p/a. Next break is October 2025. Very good covenant.

This building incorporates approx. 7,500 sq.m. (80,700 sq. ft.) of warehousing/production accommodation and approx. 125 sq.m. (1345 sq. ft.) of ancillary office and staff facility accommodation. Eaves Height: Minimum. 5.0m increasing to 9.5m. Two automated roller shutter door access with rear circulation, loading/unloading space. Eight dock levellers.
Ancillary office and staff facilities including reception area, open plan office, private office, canteen and toilet facilities.
Extensive hard-standing and circulation space to the rear of the unit.
Circa 4,725 sq.m (50,841 sq. ft.) is occupied by overall tenant with the remaining Circa 2,900 sq.m (31,204 sq. ft) sublet to adjoining operator.
Construction comprises of reinforced concrete floor, steel portal frame, block and cladded walls and a newly completed industrial roof cladding.

Location/Immediate Area

Annacotty Business Park is positioned in a strategic location approximately 8 km east of Limerick City Centre on the Cappamore Road (R506), just off the main Dublin Road.

There is direct and easy access to the M7 Motorway which services Tipperary, Dublin and Cork (N20) and the Limerick Tunnel servicing Shannon, Ennis and Galway via the M18 Motorway.

Annacotty Business Park is a well-established location and comprises of the largest industrial warehousing park in Limerick with a total floor area in excess of 120,000 sq.m.

The business park is home to a concentration of companies including Transport, Logistics, Construction and ICT companies.

Prominent occupiers within the park include Shannon Transport Ltd, DPD, Key Ingredients Europe Ltd, Teleflex Medical Ireland Ltd, Fusion Logistics Ltd, Henry Schein Inc., Healthcare 21, Powerohm Limited and Serosep.

Excellent investment opportunity with potential for rent growth at the next review. Full details on request.

Accommodation


Note:
Please note we have not tested any apparatus, fixtures, fittings, or services. Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.

Directions

Annacotty:
Annacotty is a suburban town of Limerick City. The population estimated at 2,930 as of census 2016. The area is very well serviced locally and includes church, schools, shops, GAA club, pubs etc. The area is built up in nature in nature it is highly desirable.

The popularity of the area can partly be attributed to the expansion of the University of Limerick (UL), located nearby. The locality has a growing business and industrial sector, with several Technology Parks also situated in the area.

Sport is synonymous with Limerick and Annacotty/ Monaleen/Castletroy, indeed, UL is home to Ireland’s first Olympic sized swimming pool (50 metres) and boasts an impressive sports arena, attracting a vast array of athletes and teams from Ireland and beyond.

Castletroy Golf Club is also a popular nearby attraction, and other local sporting clubs include Monaleen GAA, UL Bohs RFC and Aisling Annacotty FC. The recently completed local recreation park in Newtown is a big attraction for the area.



Limerick
Limerick is the capital of Ireland`s Mid-West region with an urban and hinterland population of over 200,000 and is noted for its shopping, dining and entertainment, its historical significance, as well as its contributions to the arts. The city has grown its sporting and cultural image in recent years and generally the local business activists are doing their utmost to promote the city as a thriving business hub. The immediate city population is approximately 94,000 people.

There are three Major Higher Education Institutions with 21,000 students/graduates annually. The area is readily accessible by air, road, rail and port, Limerick is approximately 102 kms from Cork, 195 kms from Dublin, 196 kms from Rosslare Harbour, 102 kms from Galway and 21 kms from Shannon International Airport.