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.

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

€700,000
Apartment for sale | 15+ Beds | 7 Baths
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Overview

Property Overview:

  • For Sale by Private Treaty
Overall Floor Area: 496.8 Sq. Metres (5,348 Sq. Feet)

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).

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.

Features:

  • Each unit is 71 sq m / 764 sq ft in size
  • Constructed in 2002
  • Located in Cork City Centre
  • 100% Occupancy
  • Net return of 11.2%
  • BER Range from C3 to D2
  • On-site property manager
  • Net income of €78,760.50 for academic year

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/11498003

Date Entered/Renewed:

9/11/2017 (10 days ago)

Property Views:

3,080
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Map Legend:

Area Level Match Area level match (i.e. the property could be anywhere within Cork City)

Address:

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

Distance to City Centre:

0.1 km (0.1 miles), 0 minute walk

Street view

Residential Property Price Register - Sold in this area

3 Ashton Place, Blackrock Rd, Cork City, Co. Cork €960,000 | 26/10/17 | Terraced House | 3 Bedrooms | 1 Bathroom SOLD
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6 Goldsmiths Ave, Richmond Hill, Cork City, Co. Cork €165,000 | 19/10/17 | Terraced House | 2 Bedrooms | 1 Bathroom SOLD
1 a Mccurtains Villas, College Road, Cork City, Co. Cork €110,000 | 18/10/17 | Second-Hand Dwelling House/Apartment SOLD
9 Military Road, Cork City, Co. Cork €105,000 | 16/10/17 | 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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Buying Information

Stamp Duty: €7,000
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Apartments 2, 10, 13, 16, 17, 20 & 24 Arcadia Hall, Lower Glanmire Road, Cork City, Co. Cork