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East Cork Residential Portfolio, Midleton, Cork

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East Cork Residential Portfolio, Midleton, Cork

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Property Type Investment Property
Size meters2
Energy Rating BER-B3-D2
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Description

FOR SALE BY TENDER EXCELLENT INVESTMENT OPPORTUNITY - 31 NO. RESIDENTIAL UNITS IN ONE LOT ERA Downey McCarthy are delighted to present to the market this unique investment opportunity to acquire 31 no. completed residential units. The units are located in Midleton (22) and Cobh (9). The units in Midleton comprise of 3 & 4 bedrooms semi detached houses, 3 bedroom terraced house, 3 bedroom duplex units and 1 & 2 bedroom apartments while Cobh consists of ONE BLOCK of 9 no. 1 & 2 bedroom apartments. The current rent roll from 16 tenanted units and 15 vacant units is c. €143,340 per annum. Potential rental income when fully let c.€360,000 per annum (NIY 10.29%). (Tenants unaffected). TENDER DATE : Friday 22nd November 2019. THE PORTFOLIO CONSISTS OF THE FOLLOWING PROPERTY TYPES : 1 no. 4 bedroom semi detached house 4 no. 3 bed semi detached houses 1 no. 3 bed terrace house 8 no. 3 bed duplex units 12 no. 2 bedroom apartments 5 no. 1 bedroom apartments See brochure attachment for schedule of properties. AGENTS : Sean McCarthy Mobile : 086 8385768 Email : sean@eracork.ie Will Lyons MSCSI MRICS Mobile : 087 6494740 Email : will@eracork.ie SOLICITOR : Colm O'Keeffe Beauchamps Solicitors Riverside Two Sir John Rogerson's Quay Dublin 2 VAT CLAUSE : In addition to the Purchase Price, the Purchaser shall pay to the Vendor the amount of any VAT as shall be exigible in relation to the Sale, same to be calculated in accordance with the provisions of the VAT Act and the Purchaser shall pay this amount to the Vendor on the later of the completion of the Sale or when an invoice is required to be issued by the Vendor in accordance with the provisions of the VAT Act on delivery of such invoice to the Purchaser.

BER Details

BER: B3 - D2

Description

FOR SALE BY TENDER EXCELLENT INVESTMENT OPPORTUNITY - 31 NO. RESIDENTIAL UNITS IN ONE LOT ERA Downey McCarthy are delighted to present to the market this unique investment opportunity to acquire 31 no. completed residential units. The units are located in Midleton (22) and Cobh (9). The units in Midleton comprise of 3 & 4 bedrooms semi detached houses, 3 bedroom terraced house, 3 bedroom duplex units and 1 & 2 bedroom apartments while Cobh consists of ONE BLOCK of 9 no. 1 & 2 bedroom apartments. The current rent roll from 16 tenanted units and 15 vacant units is c. €143,340 per annum. Potential rental income when fully let c.€360,000 per annum (NIY 10.29%). (Tenants unaffected). TENDER DATE : Friday 22nd November 2019. THE PORTFOLIO CONSISTS OF THE FOLLOWING PROPERTY TYPES : 1 no. 4 bedroom semi detached house 4 no. 3 bed semi detached houses 1 no. 3 bed terrace house 8 no. 3 bed duplex units 12 no. 2 bedroom apartments 5 no. 1 bedroom apartments See brochure attachment for schedule of properties. AGENTS : Sean McCarthy Mobile : 086 8385768 Email : sean@eracork.ie Will Lyons MSCSI MRICS Mobile : 087 6494740 Email : will@eracork.ie SOLICITOR : Colm O'Keeffe Beauchamps Solicitors Riverside Two Sir John Rogerson's Quay Dublin 2 VAT CLAUSE : In addition to the Purchase Price, the Purchaser shall pay to the Vendor the amount of any VAT as shall be exigible in relation to the Sale, same to be calculated in accordance with the provisions of the VAT Act and the Purchaser shall pay this amount to the Vendor on the later of the completion of the Sale or when an invoice is required to be issued by the Vendor in accordance with the provisions of the VAT Act on delivery of such invoice to the Purchaser.

BER Details

BER: B3 - D2
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Price Changes in Midleton
Property Price Register in Midleton
La Trattoria, 48 Main Street, Midleton, Cork
€5,000 (1.12%)
€445,000 €450,000
19th Feb 24
B3
Knockgriffin, Midleton, Cork
-€125,000 (-16.67%)
€750,000 €625,000
8th Jun 23
D2
View All Price Changes
Price Changes In Midleton
Property Price Register
ERA Downey McCarthy
ERA Downey McCarthy
Tel: 021 4...
PSRA Licence No. 002584

Date created: Oct 18, 2019

ERA Downey McCarthy
ERA Downey McCarthy
PSRA Licence No. 002584
Sean McCarthy
Sean McCarthy
Tel: 086 8...
Call Agent: 021 4...