Modern Multi Family Investment Opportunity conveniently located within 10 minutes walking distance of Cork City Centre.
127 residential units comprising of 86 apartments and 41 duplexes with 280 basement car parking spaces.
Including a mix of retail and office units situated at ground and first floors ranging in size from approx. 648 - 5,640 sq.ft.
Currently producing an overall gross rental income of approx. €2,000,000 per annum.
Various asset management opportunities to increase overall income.
Tenants Not Affected.
The development is centrally located in Lady's Well, approximately 500 metres from Cork City Centre, with extensive frontage onto Watercourse Road.
The scheme benefits from easy access to the N20 main Cork to Limerick Road (which runs parallel to Watercourse Road), Cork Opera House and The Jack Lynch Tunnel.
The area has excellent public transport links which include a regular bus service from Blackpool to Cork City Centre. Kent Train Station is also within walking distance of the development.
City Square comprises an impressive multi family scheme including a mixture of one, two and three bedroom duplexes and apartments in addition to ancillary commercial accommodation.
This landscaped development, which is situated on an overall site of 2.70 acres, incorporates three residential blocks, known as The Courtyard, The Plaza and The Gallery in addition to ground and first floor commercial space and a basement car park comprising 280 car parking spaces.
The multi-family element of City Square comprises 145 apartments in total, of which 127 make up the subject sale (86 apartments and 41 duplexes - 25 one bed, 76 two bed and 26 three bed). The Plaza, The Courtyard and The Plaza comprise of 34, 50 and 43 units respectively, with the blocks ranging in height from 2 to 5 storeys.
The overall development was constructed in 2007 and has the benefit of basement car parking with lift access to all floors, in addition to private internal courtyar ...