Limerick showrooms DFS sold for €2.8m

Private investor purchases building from UK furniture retailer

A private investor has bought the DFS showrooms at Ballysimon Road in Limerick city for €2.8 million, equating to 7.6 per cent. It was originally developed as a motor showrooms and underwent a number of changes and an upgrading to make it suitable for the UK furniture retailer.

The high-spec building extends to 2,054sq m (22,118sq ft) over three floors and has been modified to accommodate a customer lobby with an escalator to the first floor, a passenger lift and staff facilities. The 1.4 acre site has customer car parking to the front and staff car parking to the rear. DFS had taken a 15-year lease of the premises from November, 2015, at an annual rent of €225,000. DFS has more than 100 retail outlets in the UK, Ireland and the Netherlands.

Richard Bielenberg of Colliers Interntional handled the sale.

Jack Fagan

Jack Fagan

Jack Fagan is the former commercial-property editor of The Irish Times