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  6. Apartments 1, 2, 3 & 4, Navillus, Togher Road, Cork, Cork City, Cork

AMV €395,000

Refreshed on:24/08/2017

Apartments 1, 2, 3 & 4, Navillus, Togher Road, Cork, Cork City, Cork

Investment Property 2612 ft2 Energy Rating


Description

******** For sale by public auction **********
******** 20th September 2017 at The Imperial Hotel, South Mall, Cork City ********
******** Registrations start at 10am. Auction to begin at 11am *********

How do you purchase at the auction:
1) To bid on the day of the auction you are required to register on the morning of the auction. Registration is at 10 AM and the auction will start at 11 AM sharp.
2) To register you are required to bring a valid utility bill, ID (passport/drivers licence) and a bank draft or cheque. All funds need to be made out to DNG Creedon auctioneers.
3) On the day of the auction you are expected to sign the contracts when the deal is agreed.
4) You are required to pay a deposit of 10% of the purchase price or a minimum of €5,000 whichever is greater, when signing the contracts.
5) Congratulations 28 days later the property is yours.

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DNG Creedon presents to the market an excellent opportunity to purchase 4 x 2 bedroom apartments in a stand-alone block. This property is to be sold in one lot and with the benefit of the tenants. All apartments are fully occupied by private tenants, with an annual rent roll of €37,200. Net return of 10.61%. SITTING TENANTS UNAFFECTED BY THE SALE.

Currently the building is producing the following income:
Apt 1 €900 – tenancy commenced on 13/02/2017
Apt 2 €750 – tenancy commenced on 02/02/2016
Apt 3 €750 – tenancy commenced on 22/07/2015
Apt 4 €700 – tenancy commenced on 01/02/2013

Located on Togher Road with easy access onto the South Link Road System and only 5 minutes from Wilton and 10 minutes from the City Centre.

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




AMV €395,000
AMV €395,000
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