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IrelandLimerickLimerick CityRhebogueSan Miguel, Old Dublin Road, Rhebogue, Co. Limerick

€575,000

San Miguel, Old Dublin Road, Rhebogue, Co. Limerick

9 beds Detached House Refreshed on Jul 12, 2019
#5 of 5 Properties Viewed in Rhebogue
M & C Property
M & C Property
Tel: 061 432 777
PSRA Licence No. 001231
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Description

M&C Property are delighted to introduce San Miguel to the market. This property is a genuinely interesting proposition and the full planning permission to extend the property will present the new owner with a fantastic opportunity to possibly triple the current rental income. The property is currently in use as a successful 9 bedroom student residence (5 En suite shower rooms) and is generating a strong and consistent rental income. The current footprint of the property measures c. 3,000 sq ft and there is a large, paved parking area to the front of the property The property is ideally positioned just off the Dublin Road and apart from great access to the City Centre this property is also in very close proximity to the University of Limerick, several large retail parks and also The National Technological Park which accommodates large employers such as Cook Medical and Vistakon. There is an Aldi store and the Parkway shopping centre within immediate walking distance further enhancing the convenience levels. Full planning permission has been obtained to substantially extend the property. On completion the subject property would consist of the following: 25 Bedrooms 24 En Suite Shower Rooms 3 Open Plan Kitchen / Dining / Living Areas 1 Living Room 1 Shower Room 1 Bathroom 1 WC 1 Utility / Laundry Room Total floor area of completed proposed development: Approx. 874 Sq Mtrs (9,407 Sq Ft ) Further details available on request.

Features

  • 9 Bedroom residence generating strong rental income
  • Full planning in place to develop 25 bedroom student residence
  • Large site with ample parking to the front
  • Private gardens to the rear
  • Close proximity to the University Of Limerick
  • Adjacent to several local shops and retail parks
  • Easy access to the motorway network around Limerick
278.7 Sq. Metres (3,000 Sq. Feet)