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3rd Floor, 97 Henry Street Limerick, Limerick City Centre, Co. Limerick


Price
€680,000

Type
Office

Status
For Sale

Size
465 sq. m

BER

Description

FOR SALE - 3rd Floor, 97 Henry Street, Limerick
Guide Price: '680,000
Prime Office Investment - City Centre Location with Secure Parking
Tenants Not Affected

Are you looking for an 8% return on your investment?

DF Properties Estate Agents are delighted to present this exceptional office investment opportunity at 97 Henry Street, Limerick. Occupying the entire third floor of this centrally located five-storey office building, the property comprises approx. 5,000 sq. ft. of quality office accommodation and comes with five secure basement car parking spaces, accessed via private electric gates to the rear.

This well-managed building is located in Limerick's Central Business District fringe, with the third floor accessible via both lift and stairs, ensuring full accessibility for tenants and visitors. The property currently produces a rental income of '54,868.44/year, with potential to grow to '61,868.44/year once fully let " delivering a gross yield of approx. 8.00%.

Tenancy Schedule:

Office 1 (950 sq. ft.) - Leisure operator, lease to 2031 - '19,250/year (1 parking space)

Office 2 (650 sq. ft.) - Vacant, estimated market rent '7,000/year (1 parking space)

Office 3 (700 sq. ft.) - Engineering firm, lease to 2029 - '7,618.44/year

Offices 4 & 5 (2,550 sq. ft.) - Legal firm, 10-year lease from 2023 - '25,000/year (3 parking spaces)

Key Investment Highlights:

Full-floor office suite with professional tenant mix

Lift and stair access to all floors

5 private, secure basement car parking spaces

Prime city location with stable rental demand

Long-term anchor tenant (legal firm) on a 10-year lease

Tenants Not Affected - Sale subject to existing leases

Immediate upside potential through letting of one vacant suite

This is a core-plus commercial investment with strong income, professional tenants, and secure gated parking " all at a highly attractive price point.

Viewing strictly by appointment with DF Properties Estate Agents.
For further information or to arrange a confidential discussion, please contact:

Dorothea Fahy, MIPAV
DF Properties Estate Agents

087 124 5420
DF Properties Estate Agents - DISCLAIMER

These particulars and terms are issued by DF Properties Estate Agents on the strict understanding that all negotiations in respect of the property mentioned are and will be conducted through our agency.

While every effort has been made to ensure the accuracy of the information provided, DF Properties Estate Agents do not warrant or guarantee the particulars or any representations made about the property. All intending purchasers or lessees must satisfy themselves as to the accuracy and completeness of the details provided.

DF Properties Estate Agents shall not be held liable for any loss, costs, or expenses incurred by prospective purchasers in visiting the property, should it prove unsuitable or be withdrawn, sold, or let prior to agreement.

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