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IrelandLimerickLimerick City13 Lower Mallow Street, Limerick City, Limerick

€295,000

13 Lower Mallow Street, Limerick City, Limerick

Investment Property Refreshed on Nov 10, 2020
#7 of 18 Properties Viewed in Limerick City
GVM Auctioneers - Limerick
GVM Auctioneers - Limerick
Tel: 061 413 522
PSRA Licence No. 002030
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Description

A four storey over basement inner city Georgian property comprising of 5 no. independent and self contained 2 bedroom apartment units all currently let and generating a consistent annual rental income. This very substantial property can be sold with vacant possession or with sitting tenants. An ideal opportunity to acquire a prime city based investment with good capital growth potential.

Accommodation

Basement Kitchen / Living room 4.9 X 4.1. Bedroom 1 Twin room 4.3 X 2.9 :- Ensuite off. Bedroom 2 Twin room 4.4 X 2.0 :- Ensuite off. Fully tiled. Ground Floor Kitchen / Living room 4.8 X 3.2. Bathroom 2.1 X 1.6. Bedroom 1 Twin room 3.6 X 1.9. Bedroom 2 Twin room 3.6 X 1.9. 1st floor return: Communal laundry room 2.6 X 2.1. First floor Kitchen / Sitting room 4.4 X 2.9. Bedroom 1 Twin room 3.6 X 2.7. Bedroom 2 Twin room 3.6 X 2.7. Bathroom 1.7 X 1.6. Second Floor Kitchen / Sitting room 4.4 X 2.9. Bedroom 1 Twin room 3.6 X 2.7. Bedroom 2 Twin room 3.6 X 2.7. Bathroom 1.7 X 1.6. Third Floor Kitchen / Sitting room 4.5 X 2.9 Bedroom 1 4.1 X 2.6. Bedroom 2 3.3 X 2.7. Bathroom 1.7 X 1.6.

Features

1. All UPVC double glazed windows with A rated glazing. 2. Gas fired central heating system throughout. 3. All apartments independently metered. 4. Annual rental in of Circa €30,000 p/a. 5. Enclosed yard to the rear. 6. Separate street access to basement apartment unit.

Directions

This property is situated just off O Connell Street and Henry Street in a historical Georgian quarter in the hub of Limerick s office district. The immediate area is mixed commercial and residential in character with many high profile and established business houses operating nearby. Limerick is the capital of Ireland's Mid-West region with an urban and rural hinterland population of over 200,000 and is noted for its shopping, its dining and entertainment, its historical significance, as well as its contributions to the arts. The immediate urban population is estimated at 80,000. Limerick is recognised as the main administrative capital of the mid-west region. Excellent transport links to Dublin Cork and Galway via the M7, M20 and M18 respectively. Shannon Airport is located just 30km west of the city The subject property is located within five minutes’ walk of the main retail hub of the city. The Peoples Park and Colbert Train/ Bus Station are just a short walk away.

Viewing Details

Paul Crosse 087 2026886 or Tom Crosse 087 2547717