Shane Finn of DNG Creedon auctioneers is delighted to present to the market this superb investment opportunity in a Cork City Centre.
This building comprises of 3 X 1 bedroom apartments in a self-contained block. The property is split over 3 floors, with one apartment on each floor, each separately metered. All apartments are occupied and the property is being sold with the tenants in situ.
Currently the property is producing a rental income of €26,952 per annum / €2,246 per month, this equates to a net yield of 9.8%.
APARTMENT 1 Currently rented at €950 per month / €11,400 per annum Tenant in situ since 2013
APARTMENT 2 Currently rented at €750 per month / €9,000 per annum Tenant in situ since 2017
APARTMENT 3 Currently rented at €546 per month / €6,552 per annum Tenant in situ since 2013
Other benefits of this property include PVC double glazing throughout along with zero management charges. Grattan Hill is located a short 10 minutes' walk from Cork Kent train station and a further 5 minutes' walk to Cork City Centre. This is an ideal investment opportunity.
To arrange a viewing contact our offices on 021 489 7300.
DNG Michael Creedon, for themselves and for the vendors or lessors of the property whose Agents they are, give notice that: (i) The particulars contained herein are set out as a general outline for the guidance of intending purchasers or tenants, and do not constitute any part of an offer or contract and are not in any way legally binding. (ii) All descriptions, dimensions, references to condition and necessary permissions for use and occupation, and other details are given in good faith and are believed to be correct, but any intending purchasers or tenants should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of each of them. (iii) No person in the employment of DNG Michael Creedon has any authority to make or give representation or warranty whatever in relation to this development. (iv) The particulars contained herein are confidential and are given on the strict understanding that all negotiations shall be conducted through DNG Michael Creedon. (v) DNG Michael Creedon disclaims all liability and responsibility for any direct and/or indirect loss or damage which may be suffered by any recipient through relying on any particular contained in or omitted from the aforementioned particulars.
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