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€295,000 SALE AGREED

156 Lower Glanmire Road, Cork City, Co. Cork

3 Bed

3 Bath



  • Sale Type: For Sale by Private Treaty
****ATTENTION LANDLORDS / SAVVY INVESTORS SEEKING TO INCREASE THEIR PORTFOLIO**** Rent has not been reviewed since 1st December 2017 Under the legislation it allows an additional €275 p.m or €3,084 p.a After the review is carried out this would increase the rental income to €36,384 p.a Which is the equivalent to 12.3% yearly yield. 3-storey mid terrace property split into 3 x 1 Bed apartments DNG Creedon auctioneers are delighted to present a stand-alone building with 3 X 1 Bed apartments located in Cork city. This building is being sold with the benefit of tenants. The building is generating a combined rental income of €33,300 per annum. This building has many features but one of the largest advantages with this building is it was retrofitted in 1997 with a concrete floor on each level and a concrete stairs accessing all floors. Whilst retrofitting the building it was extended to allow the stair well and the kitchens for each of the apartments. This building is 100% financeable for any investor. There is planning permission in place for these apartments and there is a fire cert. The building was upgraded three years ago with upgraded wiring and plumbing throughout, new floor coverings in each of the apartments, new kitchens and new bathrooms. The windows to the front of the building are triple glazed to reduce noise. The tenants that are in place are of the highest quality. Viewings are highly recommended, so call 021 489 7300 to register for your viewing. 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.
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