13 x Apartments at Emmet Street, Ballina, Co. Mayo... - BidX1

Guide Price €1,300,000

Closing Time: To Be Confirmed

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BidX1 Support

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info@ie.bidx1.com

+353 (0) 1 667 3388

Ian McCarthy

Ian McCarthy

Property Agent, here to help.

ian.mccarthy@bidx1.com

+353 (0) 87 167 7369

Richard Hoey

Richard Hoey

Property Agent, here to help.

richard.hoey@bidx1.com

+353 (0) 85 804 8210

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Auction

13 x Apartments at Emmet Street, Ballina, Co. Mayo, .

Auction
Ireland
Multi-Family
Commercial

Guide Price €1,300,000

Bidder Security €20,000 *fully refundable if unsuccessful bidder

Register to Bid

Auction Date 12 February

Bidding Opens 10:30 (GMT)

Bidding Closes To be Confirmed

Property Summary

A prime Town centre residential investment.
Comprising 13 x one bedroom apartments self contained within a three storey end of terrace building.
€87,672 per annum total income.
6.74% Gross Yield.
Let to an AHB with a rental guarantee from Mayo County Council.
Secure income residential investment opportunity.
Subject to a tenancy on a 25 year lease from 04/03/2022
Total floor area extending to approximately 454 sq. m. 4,886sq. ft.
Fully refurbished to an excellent standard prior to lease commencement including extensive roof overhaul.

Contact Us

Ian McCarthy

Ian McCarthy

Property Agent, here to help.

ian.mccarthy@bidx1.com

+353 (0) 87 167 7369

Richard Hoey

Richard Hoey

Property Agent, here to help.

richard.hoey@bidx1.com

+353 (0) 85 804 8210

Legal Contact

Harry O'Malley

Vendor's Solicitor

Homalley@philiplee.ie

Contact Us

Ian McCarthy

Ian McCarthy

Property Agent, here to help.

ian.mccarthy@bidx1.com

+353 (0) 87 167 7369

Richard Hoey

Richard Hoey

Property Agent, here to help.

richard.hoey@bidx1.com

+353 (0) 85 804 8210

Legal Contact

Harry O'Malley

Vendor's Solicitor

Homalley@philiplee.ie

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Property description

The property is arranged over ground and three upper floors to provide an end of terrace residential building. Internally the property comprises 13 x one bedroom apartments.

Total floor area extending to approximately 454 sq. m. 4,886sq. ft.

All intending purchasers are advised to satisfy themselves as to the accuracy of the measurements provided.

Tenancy

The property is let to an an AHB with a rental guarantee from Mayo County Council for a term of 25 years from 04/03/2022 at a rent of €87,672 per annum total income subject to 3 yearly HICP linked rent reviews (Harmonised Indices of Consumer Price Index).

Accommodation	Floor	Number of Beds	Sq. M.	Sq. Ft.	Lease Commencement Date	Lease Term (yrs)	Rent Per Annum
Apartment 1	Ground	one	39	420	04-Mar-22	25	6,744
Apartment 2	Ground	one	41	441	04-Mar-22	25	6,744
Apartment 3	First	one	44	473	04-Mar-22	25	6,744
Apartment 4	First & Second	one	37	398	04-Mar-22	25	6,744
Apartment 5	First	one	31	334	04-Mar-22	25	6,744
Apartment 6	Second	one	33	355	04-Mar-22	25	6,744
Apartment 7	Second	one	44	474	04-Mar-22	25	6,744
Apartment 8	Ground	one	39	420	04-Mar-22	25	6,744
Apartment 9	Ground	one	28	302	04-Mar-22	25	6,744
Apartment 10	First	one	28	301	04-Mar-22	25	6,744
Apartment 11	First	one	28	301	04-Mar-22	25	6,744
Apartment 12	Second	one	30	323	04-Mar-22	25	6,744
Apartment 13	Second	one	32	344	04-Mar-22	25	6,744
		Total	454	4,886			87,672

All intending purchasers are advised to satisfy themselves as to the accuracy of the measurements provided.

VAT

Please refer to Legal Documents

Additional Information

Please ensure that you have registered and paid your Bidder Security via bank transfer in good time before the auction so that we can ensure you are approved to bid.

Important: We do not accept Same Day / Urgent payments. Payments must be standard SEPA payments.

If you are making a payment from outside Europe (e.g. SWIFT payment), please contact us in advance.

BER Rating

C3 - D1

BER Identification Number

Available From Bidx1

Energy Performance Indicator

216.37 kWh/m²/yr -242.63 kWh/m²/yr

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FAQs

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Registration Guide

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*Terms & Conditions

No information, statement, description, quantity or measurement contained in any sales particulars or given orally or contained in any webpage, brochure, catalogue, email, letter, report, docket or hand out issued by or on behalf of BidX1 or the vendor in respect of the property shall constitute a representation or a condition or a warranty on behalf of BidX1 or the vendor. Any information, statement, description, quantity or measurement so given or contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the vendor are for illustration purposes only and are not to be taken as matters of fact. Any mistake, omission, inaccuracy or mis-description given orally or contained in any sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the vendor shall not give rise to any right of action, claim, entitlement or compensation against BidX1 or the vendor. All bidders must satisfy themselves by carrying out their own independent due diligence, inspections or otherwise as to the correctness of any and all of the information, statements, descriptions, quantity or measurements contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the vendor. BidX1 is a trading name of BidX1 Ireland Limited. PSRA Registration Number 001652.