A former Smyths toystore in Limerick is back on the market after the agents running the sale sharply cut back the asking price on the property.
DNG Cusack Dunne has advised that the former property at 54 Henry Street in the city has returned to the market at a lower sale price or rent.
The property comprises a total floor area of approximately 15,000 sq ft and covers a site area of almost one-third of an acre.
The building benefits from over 33 metres frontage on to Henry Street and has access onto Theatre Lane at the side and rear.
The accommodation includes an "extensive" retail and showrooms area, a storage area with roller shutter door to the rear, rear timber mezzanine store and first floor incorporating canteen and toilets.
The property is available both For Sale and To Let in one lot or as or sub-divided as two units comprising approx 10,668 sq ft and 4610 sq ft.
Lot 1 is made up the entire 15,258 sq ft complex. It can be had for an annual rent of €80,000 per annum or bought for €550,000.
Lot 2 is to be had for €55,000 a year or for sale at €350,000. The third lot comprises about 4,615 sq ft and is available for rent at €35,000 per annum or for purchases at €210,000
After Smyths ceased trading some years ago, the property was subsequently purchased by developer Ger Clohessy. Limerick Youth Services currently occupy part of the property under licence agreement (licence agreement details available on request).
The property is zoned 'City Centre Commercial' in the Limerick City Development Plan and suitable for a variety of uses, subject to planning permission.