13 x Apartments at Emmet Street, Ballina, Co. Mayo

Sale Type: For Sale by Public Auction, Auction Date & Time: Thu, Feb 12 at 10:30 AM, Auction Location: Online - bidx1.com/en/106031 A prime Town centre residential investment. Comprising 13 x one bedroom apartments self contained within a three storey end of terrace building. €87,672 per annum total income. 6.74% Gross Yield. Let to an AHB with a rental guarantee from Mayo County Council. Secure income residential investment opportunity. Subject to a tenancy on a 25 year lease from 04/03/2022 Total floor area extending to approximately 454 sq. m. 4,886sq. ft. Fully refurbished to an excellent standard prior to lease commencement including extensive roof overhaul. The property is arranged over ground and three upper floors to provide an end of terrace residential building. Internally the property comprises 13 x one bedroom apartments. Total floor area extending to approximately 454 sq. m. 4,886sq. ft. All intending purchasers are advised to satisfy themselves as to the accuracy of the measurements provided. The property is let to an an AHB with a rental guarantee from Mayo County Council for a term of 25 years from 04/03/2022 at a rent of €87,672 per annum total income subject to 3 yearly HICP linked rent reviews (Harmonised Indices of Consumer Price Index). Ref: IE0010226000024