14-15 Hartstonge Street, Limerick City, V94 R892

O'Connnor Murphy are delighted to introduce to the market a unique opportunity to purchase two substantial Georgian four storey over basement buildings that are interconnected and refurbished within the last 20 years.

This residential investment consists of two Georgian four storey over basement buildings interconnected by an area over the archway between both buildings. The combined accommodation comprises of nine bedrooms on the upper floors with living accommodation on the ground floor and basement floor. Outside, there is a small yard to the rear of No 14 . These properties were originally constructed in circa 1830 and refurbished in 1991 , extending to an impressive circa 471 sq m (5,063 sq ft). While these properties need to be updated, in the right hands would make a lucrative investment project, it is also worth noting that the refurbishment of this property will qualify for the Living City Initiative Scheme.

The Living City Initiative is a scheme of property tax incentives designed to regenerate both historic buildings and other buildings in specified cities. The scheme applies to certain "special regeneration areas" (SRAs) in the centres of Dublin, Cork, Limerick, Galway, Waterford and Kilkenny. These areas have been designated for the purposes of the scheme by Order of the Minister for Finance. The maps and boundaries of these SRAs can be found on the websites of the respective local authorities.

More details on this scheme can be found on the below link.

https://www.limerick.ie/sites/default/files/media/documents/2017-05/2017_living_city_initiative_faqs.pdf

Location:

Limerick City is the third largest city in Ireland, the combined city and county population is estimated to be circa 192,000 with approximately 96,000 living within the city and suburbs. This historic city is divided from the northern suburbs & west of Ireland by the river Shannon with access across the river via 3 main bridges and the recently constructed Limerick Tunnel.

Under the Limerick Twenty Thirty plan the city is undergoing re-development, the core objective of which is to invest in Limerick city and county through the assembly, master planning and development of sites, thereby directly impacting employment levels and improving the general socio-economic conditions of Limerick. The key aims of the plan include the creation of 5,000 jobs in Limerick city centre and to accelerate and scale economic investment.

Accommodation:

Basement - Office

Ground Floor - Entrance Hall, Office, WC

First Floor - Living Room, Kitchen/Dining Room

Second Floor - Bedrooms 1-4, Bathroom, Shower Room

Third Floor - Bedrooms 5-9, Bathroom, Shower Room

BER: Exempt

Rates: Residential