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Ballycasey Craft & Design Centre, Shannon

Guide Price €475,000
  • status Sale
  • style Investment
  • Price Guide Price €475,000
  • Style Investment
  • Size 1,142 sq. metres
  • Status Sale
  • Rating C1_G
Contact the agent: +353 61 318 770
Emma O'Meara Emma O'Meara PSRA Licence No: 001297 - 004741 Patrick Seymour Patrick Seymour PSRA Licence No: 001297 - 001336

Description

Ballycasey House is a two storey Georgian House, which is a Protected Structure. This property is presently laid out as offices and was refurbished in recent years. The accommodation in this building comprises ground and first floor with 8 office suites extending to a net floor area of approximately 213 sq. metres (2,289 sq. feet).
Ballycasey Craft Centre adjoins Ballycasey House which comprises two blocks of single storey commercial units. The two blocks extend to a total area of approximately 930 sq. metres (10,000 sq. feet), with a range of occupiers in the retail, retail service and craft businesses (Tenants are not affected by this Sale). The craft centre was developed in the late 1980's by its current owners.
There is a Greenfield site adjoining Ballycasey Craft Centre which extends to approximately 0.93 Ha (2.3 Acres). The land has the benefit of Mixed Zoning with approximately 0.42 Ha (1.04 Acres) of the Land being zoned "Commercial" and the remaining 0.52 Ha (1.29 Acres) of the lands zoned "Low Density Residential" under the current Shannon Town & Environs Local Area Plan.

Features

  • Income Producing Property Asset of c. 1,142 sq. metres (12,295 sq. feet) with adjoining undeveloped Residential & Commercial zoned lands of c. 0.93 Ha (2.3 Acres)
  • Well Established Centre with the majority of accommodation occupied by well-established traders at the location.
  • The property presents an excellent Asset Management Opportunity and/or Development Opportunity (SPP).
  • Producing a Current Income in the region of €60,000 per annum from a range of occupational agreements by Lease and Licence with potential to increase income by leasign vacant accommodation.

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Location

Ballycasey House and Craft & Design Centre is located at Ballycasey Shannon Co. Clare. The property is accessed via the
R471 a major route linking Shannon Town Centre to Limerick. The property is located in a cul-de-sac, with a number of
residential housing developments being in close proximity to the property.

The M18 which connects Shannon to Limerick City, is located approximately 1 km east of the property. Shannon is located
c. 16 km north west of Limerick and 17 km south of Ennis. Shannon is a major hub for international investment in the Mid West region of Ireland. The location is home to many high profile international companies including Intel, Wipro, Genworth
Financial, Luftansa Technik, Mentor Graphics, Zimmer, GE Capital and Molex.

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