investment / development opportunity

tel: +353 61 318 770www.ppg.ie

Limerick: 51 O’Connell Street, Limerick V94 HPH9 • tel: +353 61 318 770 • email: [email protected]: Unit 16a Sandyford Business Centre, Bohermore, Galway H91 KV91 • tel: +353 91 567 331 • email: [email protected]

Athlone: 17A Mardyke Street, Athlone, Co. Westmeath N37 W567 • tel: +353 90 648 9000 • email: [email protected]

Ballycasey Craft & Design Centre, Shannon, Co. Clare

INVESTMENT / DEVELOPMENT OPPORTUNITY

• 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)

• 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 leasing vacant accommodation.

• 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).

FOR SALE BY PUBLIC TENDER (TENANTS NOT AFFECTED)

LOCATIONBallycasey 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 profi le international companies including Intel, Wipro, Genworth Financial, Luftansa Technik, Mentor Graphics, Zimmer, GE Capital and Molex.

ACCOMMODATIONBallycasey House is a two storey Georgian House, which is a Protected Structure. This property is presently laid out as offi ces and was refurbished in recent years. The accommodation in this building comprises ground and fi rst fl oor with 8 offi ce suites extending to a net fl oor area of approximately 213 sq. metres (2,289 sq. feet).

Adjoining Ballycasey House is Ballycasey Craft Centre which comprises two blocks of single storey commercial units extending 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. The craft centre was developed in the late 1980’s by its current owners.

Adjacent to Ballycasey Craft Centre is a Greenfi eld site extending to approximately 0.93 Ha (2.3 Acres). The land has the benefi t of a 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 being zoned “Low Density Residential” under the current Shannon Town & Environs Local Area Plan.

TENANCY INFORMATIONTenancy Information is available on Application to the Sole Selling Agents

BER CERTIFICATIONThe property has BER ratings from C1 to G. Individual BER Certifi cates & Advisory Reports are available from the sole selling agents.

SITE PLAN (FOR IDENTIFICATION PURPOSES ONLY)

LAND USE / ZONINGThe subject property and part of the adjoining undeveloped land comprising approximately 1.04 Acres is zoned “Commercial” under the Shannon Town & Environs Local Area Plan. The zoning provides for commercial and business uses including retail, office and service industry, warehousing and the facilitation of Enterprise/Retail Park/Office Park types uses as appropriate.

The remainder of the undeveloped land (approximately 1.3 Acres) is zoned “Low Density Residential” under the Shannon Town & Environs Local Area Plan. The zoning provides for use of land to accommodate a Low Density Pattern of Development primarily detached dwellings.

The Local Authority for the area is Clare County Council.

RATEABLE VALUATION Details of Commercial Rates Valuation are available on Application to the Sole Selling Agents.

MANAGEMENT COMPANY The Landlord is presently responsible for the upkeep and maintenance of the common areas of the Property and responsibility will pass to purchaser on closing.

• Commercial Property Consultants • Estate Agents • Chartered Valuation Surveyors

Disclaimer Policy:

These particulars are for guidance only and do not form part of any contract. Whilst care has been taken in their preparation we do not hold ourselves responsible for any inaccuracies. They are issued on the understanding that all negotiations will be conducted through this fi rm. Power Property and the Vendor/Lessor give notice that:

These particulars do not constitute any part of an offer or a contract. All statements contained in these particulars as to this property are made without responsibility on the part of the Agents or the Vendor/Lessor. None of the statement contained in these particulars as to this property are to be relied on as statements or representations of fact. The particulars, various plans, photographs, descriptions and measurements have been carefully prepared, but their accuracy is not guaranteed and any intending Purchasers/Lessees shall satisfy themselves by inspection or otherwise as to their correctness. No omission, accidental error or misperception shall be a ground for a claim for compensation or for the rescission of the Contract by either the Vendor /Lessor or the Purchaser/Tenant. Neither the Vendor/Lessor nor Power Property nor any person in their employment has any authority to make or give any representation or warranty in relation to the property. Prices are quoted exclusive of VAT (unless otherwise stated) and all the negotiations are conducted on the basis that the Purchaser/Tenant shall be liable for any VAT arising on the transaction.

PSRA Licence No. 001297

Limerick: 51 O’Connell Street, Limerick V94 HPH9 • tel: +353 61 318 770 • email: [email protected]: Unit 16a Sandyford Business Centre, Bohermore, Galway H91 KV91 • tel: +353 91 567 331 • email: [email protected]

Athlone: 17A Mardyke Street, Athlone, Co. Westmeath N37 W567 • tel: +353 90 648 9000 • email: [email protected]

TITLEWe understand the property is held with Freehold Title.

GUIDE PRICEOn Application

SERVICESWe understand that all mains services are connected to the property.

VIEWINGStrictly by prior arrangement with sole selling agent.

Emma O’MearaT: +353 61 318 770 E: [email protected]: 001297 - 004741

CONTACTPatrick SeymourT: +353 61 318 770 E: [email protected]: 001297-001336

TENDER INFORMATIONDeadline for return of Tender Documents is 12noon, Friday, 26th October 2018. Full Tender Information is available from the Solicitor with carriage of Sale; Rachel Leahy, Group Legal Counsel, Shannon Group, Shannon Airport, Co. Clare. Tel: (061) 712875 Email: [email protected]