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IrelandWaterfordWaterford City96 Connolly Place, Waterford City, Co. Waterford

€155,000

96 Connolly Place, Waterford City, Co. Waterford

2 beds Bungalow Refreshed on Jul 19, 2021
#68 of 81 Properties Viewed in Waterford City
Barry Murphy Auctioneers Ltd
Barry Murphy Auctioneers Ltd
Tel: 051 858 444
PSRA Licence No. 001104
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Description

***EXCELLENT INVESTMENT OPPORTUNITY***Two bedroom mid terrace bungalow conveniently located in Roanmore Park/Connolly Place, adjacent to Hennessys Road and Cannon St, and just 15 minute walk from Waterford city centre. There is a regular bus service operating daily nearby and a host of local amenities to include shops, Presentation, Mount Sion, St Pauls and Mercy Schools all within walking distance of the property.Accommodation comprises of entrance hallway, living room, kitchen/diner, two bedrooms and a bathroom. There are gardens to front and rear with on street parking available. The property also benefits from gas fired central heating and PVC windows throughout.The property is being sold with a long lease tenancy agreement in place with Waterford City & County Council. The rental income is €10,800 gross per annum and there is approximately 8 years remaining on the lease. This offers investors an opportunity for a hands off, hassle free investment, ideal for pension funds or overseas investors. The gross rent is discounted by 20% to allow for the following benefits; no rent loss due to vacant periods, no rent arrears, no letting fees, no advertising costs, no RTB registration fees and no day to day maintenance costs. The landlord is responsible for the structural upkeep of the building. Prior to the commencement of the lease, this property has been brought up to current rental standards including all electrics and plumbing certifications. BER Rating: D1 BER Number: 111051850 (What is BER?)
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