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23 Unit Property Portfolio, Blackoak Rise, Newport, Co. Mayo

€960,000
Retail Unit For Sale | 
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Overview

Property Description:

Sherry FitzGerald Crowley are delighted to bring to the market this portfolio of properties offering an excellent investment opportunity.

Part of the portfolio requires redevelopment and comprises of a three storey block of 14 apartments in varying stages of completion and nine houses. The houses comprise of 1 detached three bedroom house, 2 semi-detached three bedroom houses, 2 semi-detached two bedroom houses and 4 one bedroom quad houses. All of the properties are being sold as seen.

The apartment block will require investment to complete with most of the units being in a shell and core state. There are 12 two bedroom apartments over ground and first floors. The second floor is currently laid out as 2 three bedroom open plan penthouse apartments which, subject to planning permission and fire regulations, could be suitable for conversion to further units.

The nine houses are in need of general light refurbishment and redecoration following longterm rental. Four of the units are subject to tenancies, the remaining five are vacant.

Blackoak Rise is a quiet cul de sac development located 650 metres from Newport town centre. It was constructed in 2005/2006 with 27 houses in total, well laid out around a central green area. The apartment complex is located to the rear of the development with a car park and a paved communal terrace.

Newport is an attractive small town with a good range of amenities which include shops, primary school, restaurants and hotels. It sits along the popular Great Western Greenway cycle and walking trail that runs from Westport town to Achill Island and has many leisure facilities on its doorstep. Westport town is a ten minute drive and Castlebar is within fifteen minutes drive.

On the Instruction of Duff and Phelps (Ireland) Limited.

Portfolio of 23 properties
Redevelopment opportunity
Excellent potential return on investment
Sold in its current state, as seen
Walking distance to town

Daft Property Shortcode:

https://www.daft.ie/5828740

Date Entered/Renewed:

27/6/2019 (56 days ago)

Property Views:

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Address:

23 Unit Property Portfolio, Blackoak Rise
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