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BER C2

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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33 Barrack Street, Cork City, Co. Cork

€295,000
Investment Property For Sale | 2,214 sq. feet (206 sq. metres)
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Overview

Property Description:

ERA Downey McCarthy are delighted to launch to the market this attractive and easily managed investment property in this vibrant location adjacent to the city centre.
LOCATION
Barrack Street occupies an attractive location on the south side of Cork city, within 5 minutes walking distance of the city centre. No.33 lies on the south side of Barrack Street, between its junctions with Reeds Square and Evergreen Buildings. This section of Barrack Street has a 'one-way' system and is part cobbled. It is a central location with neighbouring properties comprising a mix of residential, retail and commercial outlets.
Being roughly mid-way between the city centre and U.C.C. ensures this property's location will remain of strong interest to both owner-occupier and investor markets.
DESCRIPTION
No.33 is an easily managed investment property currently producing a total annual rent of €30,600. It comprises a two storey mid-terrace building with dormer conversion. It is of traditional construction with a typical shop front to its ground floor and a masonry elevation over. It has a pitched slate covered roof and timber framed double glazed windows to its upper floors.
Internally the building is laid out as a ground floor retail unit with part storage at first floor level and a 3-bedroom residential duplex unit at first and dormer levels. The retail unit is fitted out as local convenience shop complete with deli counter. The residential apartment has direct access from Barrack Street and accommodates an open plan kitchen / living room, shower room, utility room and 3 bedrooms.

Features
Attractive central location
Convenient to both city centre and UCC
Easily managed investment property
Currently producing €30,600 p.a.
Entire occupied by one tenant
N.I.Y 9.56%

TENANCIES
The entire is occupied by the same tenant under two separate agreements. The retail unit is occupied under a 3-year agreement from 15th October 2016 at a present rent of €14,400 p.a. The residential element is occupied under a 12-month standard residential tenancy agreement from 1st March 2019 at a present rent of €16,200 p.a.

Floor Type Sq.M. Sq.Ft.

Ground Open plan retail unit 85.90 924.6

First Part shop storage / Part apartment 60.93 655.8

Dormer Apartment 58.81 633.0

Total 205.64 2,213.4




Disclaimer
The above details are for guidance only and do not form part of any contract. They have been prepared with care but we are not responsible for any inaccuracies. All descriptions, dimensions, references to condition and necessary permission for use and occupation, and other details are given in good faith and are believed to be correct but any intending purchaser or tenant should not rely on them as statements or representations of fact but must satisfy himself / herself by inspection or otherwise as to the correctness of each of them. In the event of any inconsistency between these particulars and the contract of sale, the latter shall prevail.The details are issued on the understanding that all negotiations on any property are conducted through this office.

BER Details

BER C2

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?
BER No 800170441
Energy Performance Indicator: 663.60 kWh/m2/yr

Daft Property Shortcode:

https://www.daft.ie/5848568

Date Entered/Renewed:

5/7/2019 (46 days ago)

Property Views:

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Map Legend:

Exact Location Match Exact location match

Address:

33 Barrack Street

Distance to City Centre:

1 km (0.6 miles), 10 minute walk
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33 Barrack Street, Cork City, Co. Cork