On instruction of Statutory Receiver- Brendan O'Donoghue of Russell Brennan Keane
Coldwell Banker - Carlton Estates are delighted to offer this prime city centre multi-family investment opportunity to the market.
Strategically located this property boosts an impressive existing rent roll which will offer investors a substantial yield. The complex is well maintained and has been tenanted at a 96%occupancy rate throughout 2016/2017. All units are currently rented to the private rented sector and attract professional tenants given the complex proximity to Cork City Centre, South Mall, One Albert Quay, UCC, the Mercy Hospital as well as Blackpool Retail Park.
Lot 1 & Lot 2 (entire) offers investors the opportunity to acquire 55 apartments plus 1 retail unit.
Current Passing Rental Income- €616,881pa
Potential to substantially increase rental income through refurbishment and strategic asset management
All viewings are strictly by appointment only with Sole Agents:
Coldwell Banker- Carlton Estates
Contact: Pat Falvey 021-4278500
55 South Mall, Cork City
Tel: 021 4274323
PSRA Licence No. 003259