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AMV: €395,000 SALE AGREED

(3 Apats plus a Takeaway), 1 Osmington Terrace, Thomondgate, Co. Limerick

3 Bed

3 Bath

Apartment

Description

  • Sale Type: For Sale by Public Auction
  • Auction Location: online
For Sale by John Shaw Auctioneers via the iamsold Bidding Platform We welcome to the market this well located investment property located at 1 Osmington Terrace nearby to St John's Castle in Limerick City. The property is made up of one commercial unit and three residential units: The ground floor units are let on a new long lease to a Chinese takeaway with an annual rent of €36,400 per annum. Potential rent on the resi units of c. €25,200 per annum. This would leave a total rental income of €61,600 from the building. The three overhead residential units are vacant. The property does require upgrading, however offers investors a fantastic double digit rental yield once renovated. BER C1 / BER No. 800852741 To VIEW OR MAKE A BID, Contact Jonathan Shaw or iamsold www.iamsold.ie Auctioneers Comments: This property is offered for sale by unconditional auction. The successful bidder is required to pay a 10% deposit and contracts are signed immediately on acceptance of a bid. Please note this property is subject to an undisclosed reserve price. Terms and conditions apply to this sale. Note: These particulars, whilst believed to be accurate, are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements or representation of fact, but must satisfy themselves by inspection, measurement or otherwise as to their accuracy. No person in this firm's employment has the authority to make or give any representation or warranty in respect of the property. Properties may be sold via online auction auction and bids made prior the auction may be accepted by the vendors. iamsold and our partner auctioneer will share relevant personal information and transactional updates with each other so that we can effectively market and sell properties including the arrangement of viewings and follow up.
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BER Details

C1

Statistics

07/09/2022

Entered/Renewed

2,368

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SALE AGREED
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