125 O’Connell Street (Bank of Ireland), Limerick

FOR SALE - PRIME INVESTMENT

Tenancy Details

Tenant - The Governor and Company of Bank of Ireland

Term - 25 year lease from 1stDecember 2006.

Rent - €685,736

Rent Reviews – Upward Only every 5 years

Repair and Insurance– Full Repairing and Insuring

Break Option – None 

Covenant Details

Bank of Ireland is a diversified Financial Services Group established in 1783 by Royal Charter that operates a nationwide retail and business branch network as well as a Capital Markets business in both Ireland and the UK. Customer deposits were approx. €75 billion at the end of September 2014. The Bank passed the recent European Central Bank Stress Tests.

The company is Headquartered in Dublin and has a listing on the Irish Stock Exchange (ISEQ), with a market Capitalisation of approx. €9.8 Billion (20th Nov 2014).The Bank record pre-tax profits of €399 million in their H1 2014 Interim Report.

The Bank has a staff base of approx. 11,389 employees.