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  7. Apartments 1,2 & 3, 33 Grattan Hill, Lower Glanmire Road, Tivoli, Cork

€200,000 €50,000 on 22nd Nov 17

Refreshed on:27/10/2017

Apartments 1,2 & 3, 33 Grattan Hill, Lower Glanmire Road, Tivoli, Cork

Investment Property 148 m2


Description

DNG Creedon auctioneers are delighted to present to the market this superb investment opportunity in a Cork City Centre. This building comprises of 3 X 1 bedroom apartments in a self contained block. The property is split over 3 floors, with one apartment on each floor, each separately metered.

All apartments are occupied and the property is being sold with the tenants in situ. Currently the property is producing a rental income of €20,904 per annum / €1,742 per month, with equates to a net yield of 10.4%. Tenancy details below :-

APARTMENT 1
Currently rented at €546 per month / €6,552 per annum
Tenant in situ since 2013

APARTMENT 2
Currently rented at €650 per month / €7,800 per annum
Tenant in situ since 2017

APARTMENT 3
Currently rented at €546 per month / €6,552 per annum
Tenant in situ since 2013

Other benefits of this investment include PVC double glazing throughout and zero management charges.

Grattan Hill is located only 10 minutes' walk from Cork Kent train station and a further 5 minutes' walk to Cork City Centre. This is an ideal investment opportunity

Features

In excess of 1,602 sq.ft / 148 sq.m in size
Net yield of 10.4%
PVC double glazing throughout
Being sold with the benefit of tenants
Split over 3 levels & separately metered
Fully rented with a current rent of €20,904 per annum / €1,742 per month
Zero complex management fees
3 X 1 bedroom apartments in a self contained block
Superb investment opportunity in a superb city centre location

To arrange a viewing contact our offices on 021 489 7300.

DNG Michael Creedon, for themselves and for the vendors or lessors of the property whose Agents th ...

DNG Creedon

Village Green House, Church Road, Douglas, Cork

Tel: 021 489 7300

PSRA Licence No.  001019

negotiator Glenn O'Connor
Glenn O'Connor Tel: 085 8800856




€200,000
€200,000
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Price Changes for this property

  • property image MyHome.ie
    Apartments 1,2 & 3, 33 Grattan Hill, Lower Glanmire Road
      €50,000   33.33%   €150,000 €200,000
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