RESERVE RANGE
85,000 - 95,000 For Sale by Public Auction on 03/11/2016 08:00 at an online auction. Please refer to the legal documents.
Location Limerick is the third largest city in Ireland with an urban population of some 91,000 people (as of the 2011 Census).
The city is located approximately 41km south east of Ennis and approximately 100km south east of Galway.
Limerick benefits from transport links with the M7 Motorway and the N20 both providing access to and from the city.
The property is situated on Denmark Street, a busy nightlife location, situated just off O'Connell Street.
Occupiers in the vicinity include Brown Thomas, Debenhams, McDonalds and The Boutique Hotel.

Description
The property is arranged over ground floor only to provide a take away unit. The unit is set amongst a three storey mixed use development including restaurants, bars and a hotel.

Total floor area extends to approximately 58 sq. m (624 sq. ft).

Tenancy
The entire property is at present let to an individual t/a Istanbul Kebab for a term of 25 years from 01.07.2010 at a contractual rent of 20,000 per annum, exclusive of rates and VAT. The lease provides for rent reviews every fifth year and contains internal repairing and insuring covenants. The current rent passing is 13,000 per annum