BER G

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A Building Energy Rating (BER) indicates the energy performance of a property. Using a scale of A to G, higher rated homes will have lower energy bills.

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4 East Beach, Cobh, Co. Cork

AMV: €250,000
Apartment for sale | 5 Beds | 5 Baths
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Overview

Property Overview:

  • For Sale by Public Auction
  • Auction Location: The Imperial Hotel, South Mall, Cork City
  • Auction Date & Time: Thursday, 05 April at 11:00 AM

Property Description:

******** For sale by public auction **********

******** 5th April 2018 at The Imperial Hotel, South Mall, Cork City ********

******** Registrations start at 10am. Auction to begin at 11am *********

How do you purchase at the auction:

1) To bid on the day of the auction you are required to register on the morning of the auction. Registration is at 10 AM and the auction will start at 11 AM sharp.
2) To register you are required to bring a valid utility bill, ID (passport/drivers licence) and a bank draft or cheque. All funds need to be made out to DNG Creedon auctioneers.
3) On the day of the auction you are expected to sign the contracts when the deal is agreed.
4) You are required to pay a deposit of 10% of the purchase price or a minimum of €5,000 whichever is greater, when signing the contracts.
5) Congratulations 28 days later the property is yours.

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DNG Creedon auctioneers are proud to present a substantial investment property located in the heart of Cobh Town.

Located on the ground floor is a fully equipped restaurant. Overhead the restaurant are a number of apartments, there are currently 4/5 apartments in this building with the provisions of increasing this to 5/6 apartments.

Currently two of the apartments are tenanted. We will be selling the properties with the benefit of tenants or it can be sold with vacant passion. This building when fully let, has the potential to achieve a minimum rental income of €50,000 per annum.

This building is dual fronted, the front of the building faces the sea onto East Beach and the rear of the building has access to Harbour Hill. This dual fronted building allows the potential to increase the number of residential units.

Cobh has strengthened its tourism in recent years with its deep water port for cruise liner ships. In 2018 Cobh will entertain 100 cruise liners in port. As a result of the high demand from cruise liners to come to Cobh they are now opening a second peer for the cruise liners. This will be opened directly across the road from the building. The news of the second peer just confirms how much of a safe bet this building will be now and into the future.

BER No
800541666
Accommodation
GROUND FLOOR ACCOMMODATION : RESTAURANT PREMISES

Seating Area - 41'1" (12.52m) x 17'6" (5.33m) : 718 sqft (66.73 sqm)
This area also has two toilets and store area. At the rear of the restaurant unit is the kitchen and pot area.

Kitchen - 14'3" (4.34m) x 10'11" (3.33m) : 156 sqft (14.45 sqm)
This is a fully equipped kitchen which meets food standards requirements.

Pot Area - 6'9" (2.06m) x 4'11" (1.5m) : 33 sqft (3.09 sqm)
This is a fully equipped cleaning area.

APARTMENT 1 - FIRST FLOOR ACCOMMODATION
MAIN BUILDING

Open Plan living area - 21'8" (6.6m) x 11'0" (3.35m) : 238 sqft (22.11 sqm)
This is an open plan living area with a fully fitted kitchen.

Bedroom - 9'11" (3.02m) x 9'1" (2.77m) : 90 sqft (8.37 sqm)
This bedroom is finished with timber flooring and has an en - suite bathroom.

En - suite Bathroom - 9'1" (2.77m) x 4'10" (1.47m) : 44 sqft (4.07 sqm)
This bedroom has a free standing electric shower, toilet and wash hand basin.


CURRENTLY THIS PROPERTY IS TENANTED AND IT IS PRODUCING A RENTAL INCOME OF €650 PER MONTH OR €7800 PER ANNUM.

APARTMENT 2 - SECOND FLOOR ACCOMMODATION
MAIN BUILDING

Living Room - 4'1" (1.24m) x 10'11" (3.33m) : 44 sqft (4.13 sqm)
This room is finished with a timber floor and has spectacular views of Cork Harbour.

Kitchen/Dining area - 9'11" (3.02m) x 6'9" (2.06m) : 67 sqft (6.22 sqm)
The kitchen is fully fitted and finished with a timber floor. The kitchen is located to the front of the building and also benefits from the spectacular views of Cork Harbour.

Bedroom - 12'7" (3.84m) x 7'6" (2.29m) : 95 sqft (8.79 sqm)
This bedroom is finished with timber flooring and has an en - suite bathroom.

En - Suite Bathroom - 6'11" (2.11m) x 5'1" (1.55m) : 35 sqft (3.27 sqm)
This bathroom has a free standing electric shower, toilet and wash hand basin.


CURRENTLY THIS PROPERTY IS TENANTED AND IT IS PRODUCING A RENTAL INCOME OF €500 PER MONTH OR €6000 PER ANNUM.

APARTMENT 3 - THIRD FLOOR ACCOMMODATION
MAIN BUILDING

Open Plan living area - 11'1" (3.38m) x 7'7" (2.31m) : 84 sqft (7.81 sqm)
This Open Plan area has a fully fitted kitchen, dining area and living room.

Bedroom - 10'5" (3.18m) x 9'11" (3.02m) : 103 sqft (9.60 sqm)
This bedroom is finished with timber flooring and has an en - suite bathroom.

En - Suite Bathroom - 4'11" (1.5m) x 4'11" (1.5m) : 24 sqft (2.25 sqm)
This bathroom has a free standing electric shower, toilet and wash hand basin.

APARTMENT 4 - FIRST FLOOR ACCOMMODATION
REAR BUILDING

Open Plan living area - 16'1" (4.9m) x 14'10" (4.52m) : 238 sqft (22.15 sqm)
This Open Plan area has a fully fitted kitchen, dining area and living room.

Bedroom - 12'1" (3.68m) x 9'9" (2.97m) : 118 sqft (10.93 sqm)
This bedroom is finished with timber flooring and has an en - suite bathroom.

En - suite Bathroom - 9'11" (3.02m) x 5'8" (1.73m) : 56 sqft (5.22 sqm)
This bathroom is tiled floor to ceiling with a bath and electric shower overhead, toilet and wash and basin.

APARTMENT 5 - SECOND FLOOR ACCOMMODATION
REAR BUILDING

Open plan space - 50'6" (15.39m) x 15'4" (4.67m) : 774 sqft (71.87 sqm)
Currently this area is laid out as living accommodation but it requires improvement works. With the large footprint an individual bedroom/ living area could be created or it could be split up into potentially 2 apartments.

Viewing comes highly advised

Contact our offices on 021 489 7300 to arrange

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.


Notice
Please note we have not tested any apparatus, fixtures, fittings, or services. Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.

Features:

  • Investment opportunity
  • A substantial investment property located in the heart of Cobh Town Centre
  • This building is dual fronted
  • Ground floor commercial premises with 5 apartments overhead
  • 2 of the apartments are tenanted
  • This building when fully let has the potential to achieve a minimum rental income of '50 000 p/a

BER Details

BER G

What is BER?

A Building Energy Rating (BER) indicates the energy performance of a property. Using a scale of A to G, higher rated homes will have lower energy bills.

Learn more
What's this?

Daft Property Shortcode:

http://www.daft.ie/11656616

Date Entered/Renewed:

19/4/2018 (2 days ago)

Property Views:

3,690
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Address:

4 East Beach, Cobh, Co. Cork

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Residential Property Price Register - Sold in this area

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9 Hermitage Grove, Rushbrooke Links, Cobh, Co. Cork €220,000 | 29/03/18 | Semi-Detached House | 3 Bedrooms | 2 Bathrooms SOLD
26 Riverside Ave, Rushbrooke, Cobh, Co. Cork €200,000 | 28/03/18 | End of Terrace House | 3 Bedrooms | 3 Bathrooms SOLD
4 Sandymount Row, Cobh, Co. Cork €152,500 | 28/03/18 | Second-Hand Dwelling House/Apartment SOLD

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Buying information

The stamp duty figure is based on the current applicable rates of stamp duty and may not take into consideration all relevant factors required in calculating an accurate charge. While we endeavour to keep this information up-to-date, we make no representation or warranty of any kind, express or implied, about the accuracy or reliability of this information.

None of the information contained in this information box should be construed as financial advice and you should always seek independent financial advice as individual circumstances may vary. Any reliance you place on the information contained in the information box is therefore strictly at your own risk. In no event shall we be liable for any loss or damage including without limitation, indirect or consequential loss or damage.

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Stamp Duty: €2,500
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4 East Beach, Cobh, Co. Cork