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IrelandMonaghanClonesCastle House, The Diamond, Clones, Monaghan

€395,000

Castle House, The Diamond, Clones, Monaghan

4800ft 2Energy RatingInvestment Refreshed on Mar 11, 2021
Eircode: H23 DR52
#5 of 5 Properties Viewed in Clones
DNG John O'Brien
DNG John O'Brien
Tel: 042 974 9933
PSRA Licence No. 003734
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Description

DNG John O'Brien are delighted to bring to market this excellent investment opportunity, ideally located in the heart of Clones Town. The property comprises of a 3 x one-bedroom apartments and 1 x two-bedroom apartment & 2 x three-bedroom apartments & 1 retail unit. The building has been newly renovated and is arranged over basement ground & 3 upper floors. * Ranging in size from 390 sq. ft to 1044 sq. ft. * Total site area is c.0.3 of an Arce * Subject to a tenancy at a current rent of €55,740 per annum. * Return on Investment after 8 years is €445,920 Excellent investment opportunity not be missed! Viewing highly recommended!

Accommodation

Apt 1: Basement- 1 bedroom c.420sqft = €600 per month Apt 2: Ground Floor- 1 bedroom c.390sqft = €500 per month Apt 3: First Floor- 3 bedroom c.1044sqft = €800 per month Apt 4: Second Floor- 3 bedroom c.1044sqft = €800 per month Apt 5: Third Floor- 2 bedroom c.9978 sqft = €795 per month Apt 6: Basement under retail- 1 bedroom c.430sqft = €700 per month Apt 7 & 8- Rear of building in need of renovation works - 1 bedroom c.500sqft = Anticipated rent €700 per month each Retail Unit- Ground Floor c.500sqft (Lease is for 4 years and 9 months) = €450 per month * Total Current Monthly Rent Roll = €4,645 * Total Current Yearly Rent Roll = €55,740

Features

• Spacious apartments • Building has been newly renovated • New roof • New double-glazing windows to rear. • Building insulation upgraded all floors, exterior walls & roof. • All new 30min & 1-hour fire doors throughout. • New fully integrated fire alarm management system installed. • 2 emergency escape routes from each floor. • Completely new electrical system installed. • New plumbing & mechanical systems throughout. • All new finishes including kitchens & flooring. • All new doors skirting & architrave. • New painting all areas interion & exterior. • Ample Bin storage to the rear of the building. • Shared access with the adjacent building via a side gate.

BER Details

Apt 1: BER- D1 112299037 Apt 2: BER- D1 112297700 Apt 3: BER - C3 112297726 Apt 4: BER- C1 112297650 Apt 5: BER- C3 112297767

Directions

The property is located in the heart of Clones town. Adjoining properties are Clones Credit Union and Bank of Ireland.

Viewing Details

Contact John in DNG John O'Brien's office on 042 97 49933 or john@obriendng.com