Griffin Ville, Magazine Road, Cork City, Cork

Sale Agreed Energy Rating T12E1XH 4 beds2 baths925 Sq.ft
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Description

New to the market comes this strategically located four bedroom mid-terrace property situated within a three minute walk of U.C.C. Fully renovated in recent times, the property extends to approximately c. 925 sq. ft., and is currently let to college students. The property is in turn key condition and is sold fully-furnished with tenants secured for the upcoming college term. There are two large double bedrooms and two generous single bedrooms as well as a large bathroom, living room and kitchen. Currently generating a rental income of €23,600 for the college term, (college year 40 week) with potential for additional income during summer months. This a rare opportunity for investors to avail of a gilt-edged investment with an immediate return. Viewing comes highly recommended.

Accommodation

Kitchen 3.7m x 2.23m Tile floor and eye level units, tile splashback, plumbed for washing machine, power points, access to rear. Living Room 3.76m x 3.62m Tile floor, power points, T.V. point, radiator. Bathroom 2.0m x 2.1m Tile floor, floor to ceiling wall tiles, electric shower unit, W.H.B., W.C., radiator. Bedroom 4.0m x 3.7m Carpet floor, power points, radiator. Bedroom 1.77m x 2.0m Carpet floor, power points, radiator. Bedroom 2.70m x 3.70m Carpet floor, power points, radiator. Bathroom 1.30m x 2.0m Tile effect floor, shower unit, W.C. Services: Mains Sewerage Mains Water Gas Fired Central Heating

Features

- Strong rental yield of c. 9.5% (including summer rental). - Tenants secured for college term '20 / '21 at €23,600 (40 week term). - Excellent condition throughout. - Extends to c. 925 sq. ft. - Enclosed garden to rear. - Maintenance free garden facing Magazine Road. - Sold fully furnished with all appliances and furniture included in sale. - Zoned gas fired central heating. - Ideal location only minutes walk to U.C.C. - PVC double glazed windows throughout.

BER Details

BER: D1 BER No.100261395 Energy Performance Indicator:231.84 kWh/m²/yr
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Price Changes in Cork City
-€25,000 (-9.09%)
€275,000 €250,000
16th Apr 24
C1
€30,000 (11.54%)
€260,000 €290,000
5th Apr 24
C2
-€55,000 (-15.71%)
€350,000 €295,000
16th Feb 24
D1
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Price Changes In Cork City
Collins O'Meara Ltd
Collins O'Meara Ltd
Tel: 025 3...
PSRA Licence No. 003795

Date created: Jun 18, 2020

Collins O'Meara Ltd
Collins O'Meara Ltd
PSRA Licence No. 003795
Call Agent: 025 3...