By using this website, you consent to the use of cookies in accordance with the MyHome.ie Cookie Policy

Advertise with us
  1. Home
  2. Residential
  3. Ireland
  4. Cork
  5. Passage West
  6. Units 7, 9, 10, 13 & 14 Sirius Heights, Church Hill, Passage West, Cork

€500,000

Refreshed on:28/07/2017

Units 7, 9, 10, 13 & 14 Sirius Heights, Church Hill, Passage West, Cork

11 beds Apartment 6 bath


Description

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.

Features

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
Lift access
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 ...

DNG Creedon

Village Green House, Church Road, Douglas, Cork

Tel: 021 489 7300

PSRA Licence No.  001019

Affordability

Stamp Duty: €5,000.00
Total Amount: €505,000.00




€500,000
€500,000
Map Data
Map data ©2017 Google
Map DataMap data ©2017 Google
Map data ©2017 Google
Map
Satellite
BESbswy