DescriptionThe property for sale comprises an easily managed and well maintained multi family investment property located in the town centre of New Ross, Co. Wexford. The property is currently laid out with a Bookmakers at ground floor level with three self contained apartments to the upper floors. The ground floor and two of the apartments are currently let meaning the is immediate potential to increase the rental income. The property is currently producing €25,900 per annum and which should increase to c. €33,700 once the vacant apartment is let. The property comes to the market in excellent condition throughout having been full refurbished in recent years. This is an excellent and easily managed investment located in a busy provincial town located close to all amenities.
AccommodationGround Floor: Bookmakers Office c. 143sqm.
First Floor: 2/3 Bed Apartment c. 136.5sqm.
Second Floor: 1 x 2 Bed Apartment c. 70sqm.
Second & Third Floor: 1 X 1 Bed Apartment c. 69sqm.
FeaturesEasily managed multi family investment property.
Immediate reversionary potential.
Town centre location.
Initial Yield 8.7% Gross
Reversionary Yield 11.4% Gross.