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East Cork Residential Portfolio, Midleton, Co. Cork

€3,360,000
Investment Property For Sale | 
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Overview

Property Description:

FOR SALE BY TENDER

EXCELLENT INVESTMENT OPPORTUNITY - 31 NO. RESIDENTIAL UNITS IN ONE LOT

ERA Downey McCarthy are delighted to present to the market this unique investment opportunity to acquire 31 no. completed residential units. The units are located in Midleton (22) and Cobh (9). The units in Midleton comprise of 3 & 4 bedrooms semi detached houses, 3 bedroom terraced house, 3 bedroom duplex units and 1 & 2 bedroom apartments while Cobh consists of ONE BLOCK of 9 no. 1 & 2 bedroom apartments. The current rent roll from 16 tenanted units and 15 vacant units is c. €143,340 per annum. Potential rental income when fully let c.€360,000 per annum (NIY 10.29%). (Tenants unaffected).

TENDER DATE :
Friday 22nd November 2019.

THE PORTFOLIO CONSISTS OF THE FOLLOWING PROPERTY TYPES :
1 no. 4 bedroom semi detached house
4 no. 3 bed semi detached houses
1 no. 3 bed terrace house
8 no. 3 bed duplex units
12 no. 2 bedroom apartments
5 no. 1 bedroom apartments

See brochure attachment for schedule of properties.

AGENTS :
Sean McCarthy
Mobile : 086 8385768

Will Lyons MSCSI MRICS
Mobile : 087 6494740

SOLICITOR :
Colm O'Keeffe
Beauchamps Solicitors
Riverside Two
Sir John Rogerson's Quay
Dublin 2

BER B3- D2

VAT CLAUSE :
In addition to the Purchase Price, the Purchaser shall pay to the Vendor the amount of any VAT as shall be exigible in relation to the Sale, same to be calculated in accordance with the provisions of the VAT Act and the Purchaser shall pay this amount to the Vendor on the later of the completion of the Sale or when an invoice is required to be issued by the Vendor in accordance with the provisions of the VAT Act on delivery of such invoice to the Purchaser.
PDF Brochure 

PDF Brochures:

 Brochure

Daft Property Shortcode:

https://www.daft.ie/5911290

Date Entered/Renewed:

29/10/2019 (15 days ago)

Property Views:

299
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Address:

East Cork Residential Portfolio
Sean McCarthy Photo

Sean McCarthy

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East Cork Residential Portfolio, Midleton, Co. Cork