BER C3

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

Apartments 2, 10, 13, 16, 17, 20 & 24 Arcadia Hall, Lower Glanmire Road, Cork City, Co. Cork

€700,000
Investment Property For Sale | 5,348 sq. feet (497 sq. metres)
  • Overview
  • Map View
  • Other properties in this area

Overview

Property Description:

*** TO BE SOLD AS ONE LOT ***

DNG Creedon auctioneers are proud to present to the market 7 x 3 bedroom apartments located in Cork City. There are 3 x 1st floor apartments & 3 x 3rd floor apartments. These apartments are located in the much sought-after Arcadia Hall Development in Cork City Centre. This apartment is adjacent to Cork's train station (Kent train station).

This building was constructed in the year 2002 approximately. Currently the apartments comprise of three bedrooms, one bathroom and open plan living areas. The properties are heated by electric storage heating. This building was purpose-built for student and holiday accommodation. The apartment is located on the ground floor. This building has the advantage of on-site property manager.

The properties are currently producing a Gross rental income of €92,400 for the academic year (September 2017 to May 2018). The complex management charges in total for the seven units are approximately €10,489.50 per annum plus a sinking fund of €3,150. This includes refuse for tenants, complex upkeep, block insurance and an on-site property manager. The rental income being produced net of complex management charges is €78,760.50 for the academic year (September 2017 to May 2018).

FEATURES
Located in Cork City Centre
Constructed in 2002
On-site property manager
Net income of €78,760.50 for academic year
100% Occupancy
Net return of 11.2%
BER Range from C3 to D2
Each unit is 71 sq m / 764 sq ft in size
To be sold as one lot. Not to be sold separately.

Viewing is highly advised contact our office on 021 489 7300 to speak to Glenn O'Connor of Shane Finn 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.

BER Details

BER C3

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/5480543

Date Entered/Renewed:

9/11/2017 (11 days ago)

Property Views:

1,884
Show on Map

Map

Map Satellite Streetview
loading Loading Properties

Map Legend:

Exact Location Match Exact location match

Address:

Apartments 2, 10, 13, 16, 17, 20 & 24 Arcadia Hall, Lower Glanmire Road, Cork City, Co. Cork

Distance to City Centre:

0.8 km (0.5 miles), 5 minute walk

Street view

Negotiator Photo

DNG Creedon's Office

Contact me about
this or any of our
listed properties.

sending_reply

Sending Reply
Send message
Call: 021 489 7300
Phone Between Hours: 9am - 5.30pm
Share on:
Viewing 1 of 9 photos
Apartments 2, 10, 13, 16, 17, 20 & 24 Arcadia Hall, Lower Glanmire Road, Cork City, Co. Cork