GVM Auctioneers Limerick



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https://www.lslproperty.com/PropertyLotDetail-GVMAL-5783927

For Sale

Available

Guide Price: 1,200,000

Unit 2D, Annacotty Business Park, Annacotty, Co. Limerick


Excellent Investment Opportunity or for Long Term Owner Occupier. Current Rent Roll of €90,300 per annum with Growth potential.

Note: Tenants Unaffected.

GVM present to the market this impressive office and warehouse property, combining high quality accommodation, substantial storage capacity and excellent servicing facilities within a business park setting.



This property is approached from the R506 via the Parks internal asphalt roadway, with a recessed entrance incorporating a security barrier and security hut. Seven designated car parking spaces are provided immediately to the front, complemented by additional parking at the end of the terrace.

The office accommodation is arranged over three floors, with two suites on each level, offering flexibility for departmental, administrative and management functions. Finished to a high standard throughout, the offices incorporate suspended ceilings, partitioned workspaces, kitchenettes, ladies` and gents` toilet facilities and storage cupboards. Two pedestrian entrances serve the front elevation, while direct internal access to the warehouse provides a convenient connection between the office and operational areas.

The warehouse offers impressive internal height and extensive storage accommodation, with power floated concrete floors, fluorescent lighting and translucent roof and wall panels providing natural light. Three automatic roller shutter doors, each approximately 3.5 metres wide, facilitate loading and servicing. The height at the access points is approximately 4.9 metres, rising to a clear internal height of approximately 12 metres at the centre.

A shared open yard to the rear accommodates HGV manoeuvring, loading and servicing.

The building is of concrete portal frame construction with double skin insulated cladding and is equipped throughout with CCTV, intruder alarm and fire alarm systems.

An excellent opportunity to acquire a substantial business premises combining well appointed offices, specialist storage infrastructure and practical operational facilities.

The subject properties extend to a combined total Gross Internal Area (GIA) of 1,256 Sq.M. (13,520 Sq.Ft.).

Ground Floor Office 128 s m (1,380)

Ground Floor Warehouse 872 (9,385)

First Floor Office 128 s m (1,380)

Second Floor Office 128 s m (1,380)

Total (GIA) 1,256 s m (13,520)


Location:

The property enjoys a highly accessible location within Annacotty Business Park on the eastern approaches to Limerick City, approximately 3.4 km from Castletroy and 10 km from the city centre. Positioned just minutes from the Newport roundabout and access to the M7 Limerick Dublin Motorway, the location is particularly convenient for businesses requiring efficient connections to customers, suppliers and the wider national road network.

Accessibility is a key attraction, providing an excellent base for warehousing, storage, distribution and associated office operations.The proximity to Castletroy also offers convenient access to a broad range of shops, cafés, restaurants, hotels and everyday services, adding to the appeal for staff and visiting clients.

Limerick is the principal commercial and administrative centre of the Mid-West, with an established industrial and business base supported by national road and rail connections. Shannon Airport provides further connectivity for business travel and international trade, reinforcing the region`s appeal as a location from which to operate and grow a business.



Features:

Excellent existing income with definite potential to increase.

Situated approximately 2 km from the Newport roundabout which connects onto the M7 (Limerick/Dublin) Motorway.

Established industrial business park with surrounding occupiers including Eleven Fourteen Coffee / Eastway Technical Solutions / DPD / Fusion Logistics to name a few.

Large warehouse area with max eaves of c. 12 meters.

Ample space for distribution to the rear of the unit.

Well maintained business park.

Security hut at the entrance.

Excellent asset class.

Designated parking and rear servicing facilities, offers a practical and convenient base for a range of commercial occupiers.


Inspection of this truly superb investment opportunity is very highly recommended.



Directions
Enter Eircode V94 C8Y2 in your mobile device.

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Notice
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.

Important Info / Terms and Conditions

TERMS & CONDITIONS - PLEASE READ CAREFULLY
• Viewing:
If you wish to view the property, you should contact GVM Auctioneers on 061413522. We will facilitate you and arrange access for you and/or your surveyor.

• Description Of Property:
The particulars contained in our brochure / advertising / social media are issued by GVM Auctioneers on the understanding that all negotiations are conducted through them. All descriptions, dimensions, etc., included in the particulars, and any statements made by GVM Auctioneers or our representatives, are made in good faith and are not intended to form a basis for any Contract. Any intending purchaser should not rely on them as statements or representations of fact but should satisfy themselves by inspection or otherwise as to the accuracy of same before committing themselves to a Contract. Any maps, plans or photographs in the brochure shall be indicative only and shall not form part of the Contract.

• Guide Price:
The guide price should not be construed as being the selling price of the property and it is the purchaser’s responsibility to decide on how much to bid at the auction.

• Legal Documentation:
Prior to the auction, the solicitor for the vendor will make available the legal documentation in relation to the property, copies of which are available from vendor’s solicitor or GVM Auctioneers Estate Agents. It is important to consult your solicitor in relation to the Contracts / Conditions Of Sale of the property before bidding as you will become legally bound by the said Contract / Conditions Of Sale if you are the highest bidder and the property is knocked down to you.

• Identification:
In order to register, it will be necessary to upload a copy of your passport / driving licence and proof of address, i.e., bank statement, correspondence from a Government agency / source, dated within the last 3 months.

• Registration:
In order to bid at the auction, it will be necessary to register with our office on 061413522, at least 2 business days prior to the auction. The auctioneer assumes the bidder is bidding for himself/herself. If the bidder intends to purchase a Lot in a name other than his or her personal name, arrangements must be made with the auctioneers in advance. By registering you are deemed to have accepted the terms and conditions of the auction and authorise us, as agents for the vendor, to sign the completed Contract for Sale on your behalf.

• Reserve Price:
The price agreed between the vendor and the auctioneer at which the property can be sold. In the event of the property not reaching the reserve, the auctioneer will deal exclusively with the highest bidder (for half an hour following the auction) in order to realise a satisfactory sale. If a deal is not concluded, then the auctioneer may deal with the under-bidders and any other interested parties following that period of negotiation.

• Deposit:
A deposit of 10% of the projected guide price is required in order to bid and this is payable in advance of the auction by online bank transfer. Our bank details will be provided to you at registration. The successful bidder’s deposit will become non-refundable as soon as the property is sold and a binding Contract is entered into and the agents are hereby authorised to sign the Contract For Sale on your behalf. The deposit payable on the signing of the Contract is 10% of the purchase price. If there is a shortfall in the deposit furnished by the purchaser prior to the auction, then the purchaser shall be required to lodge the balance of the deposit with the auctioneers within 1 business day of the online auction. If you are not the successful purchaser, your deposit will be returned to you (in full).

• General Conditions:
The highest bidder to be the purchaser, subject to the right of the owner to withdraw the property should the reserve not be met.
The Particulars and Conditions Of Sale may change prior to the auction and it is the sole responsibility of the bidder to make sure they have the latest version.
The auctioneer reserves the right to sell the property prior to auction, withdraw the property from auction, change the order of the Lots, or consolidate the Lots without any notice to any prospective purchaser.

• LSL Online Platform:
Neither GVM Auctioneers (Estate Agents) or LSL Online Auctions, their servants or agents shall be responsible in any manner whatsoever, whether in contract law, tort, common law or otherwise for any loss arising in whatever fashion as a result of loss of internet connectivity during the auction process. The bidder accepts that such contact is at the bidder’s own risk and in the event that the internet link is not established or breaks down, or if there is any confusion or disruption, then the bidder will not be able to participate in the auction.

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Contact Agent




Contact GVM Auctioneers Limerick on +353 61 413 522