TO BE SOLD IN ONE LOT (TENANTS UNAFFECTED)
On instruction of Aiden Murphy (Receiver) of Crowe Howarth, DNG Creedon are proud to present to the market a residential development, built in approx. c.2003/2004, consisting of 5 apartments with communal parking to the front and gated parking to the rear. It is located in Passage West Village with all local and social amenities at your doorstep. There are a mix of 4 x 2 bed apartments and 1 x 3 bed apartment.
The current rent passing for each unit is as follows:-
Apartment 7 = €1,000
Apartment 9 = €1,100
Apartment 10 = €950
Apartment 13 = Currently Vacant (Market rent would be €1,000 per month)
Apartment 14 = €625
Total rent passing is €56,100 per annum,
Gross yield: 11.22%.
Net yield: 9.6%.
Annual management fees are €7,678.55 for the 5 properties. (€1,535.71 per unit)
BERs are a mixture of: B2, B3 and C1.
This property is to be sold with the benefit of the tenants.
All apartments come with open plan kitchen/living room, double bedrooms and main bathroom. The kitchens are fitted with dishwasher, fridge freezer and cooker.
Sold with the benefit of the tenants
Current rent passing is €56,100 per annum
Gross yield: 11.22%
Net yield: 9.6%
Annual management fees are €7,678.55 for the 5 properties
4 x 2 bed apartments and 1 x 3 bed apartment
Communal parking to the front and gated parking to the rear
Gas fired central heating
Contact DNG Creedon at our Douglas offices today: 021 4897300
DNG Michael Creedon, for themselves and for the vendors or lessors of the property whose Agents they are, give notice that: (i) The particulars contai ...