Rent roll at 53 William Street in Limerick

THE possibility of a rent roll of €120,000 a year, after some building upgrades, is being touted in the sale of a Limerick city investment, at no 53 William Street.

The Georgian, mid-terraced, three-storey building stretches to 3,775 sq ft and has the bulk of its income from Lloyds Pharmacy, who are paying €99,564 pa in rent for the ground-floor retail space, on a lease running to 2019, plus basement storage and first-floor ancillary accommodation for staff.

No 53 has three one-bed flats in need of upgrading and currently vacant.