Lot 186 Apartments 502, 506, 603, 607, 709 Riverpoint, Limerick City, Co. Limerick, V94 Y598

Bidding Closed

SOLD FOR

€771,000

Property Enquiries

Eva Quaid

eva.quaid@bidx1.com
+353 (0)1 637 5546

Viewing Registration / Enquiries

BidX1 Support Team

info@ie.bidx1.com
+353 (0) 1 667 3388

Vendor Solicitor

Stephen Ryan

stephen.ryan@williamfry.com
+353 1 639 5215
Description
Map
Viewings

Property Summary
  • A multi-unit residential investment.
  • Comprising 5 x two bedroom apartments.
  • Apartments extending to approximately 350 sq. m (3,766 sq. ft) in total. 
  • City Centre location in close proximity to Henry Street and O'Connell Street. 
  • Subject to five tenancies at a combined current gross rent reserved €56,400 per annum.
  • Net Initial Yield 7.72%. 
Location
  • Limerick City is situated approximately 41km south of Ennis and some 100km north of Cork.
  • The subject property is located in a prominent position on The Bishops Quay in the City.
  • Surrounding occupiers include Griffith College Limerick, Mary Immaculate College and Limerick School of Art and Design.
  • The city is well served by the M7 and N20 networks both providing access to and from the city centre.
Description
  • Portfolio comprising 5 x two bedroom apartments.
  • To be offered collectively as one lot. 
  • Comprised within a building arranged over ground and ten upper floors.
  • We are informed that each property extends to approximately 70 sq. m (753 sq. ft).
Tenancy

Subject to five tenancies at a combined current gross rent reserved €56,400 per annum.

VAT
Please refer to Legal Documents
Property Table

The properties were not internally inspected or measured by Bidx1. The information was provided by the Vendor. A schedule of Accommodation and Tenancies is set out below.

     Total:€56,400 p.a.
UnitAccommodationSq. m(Sq. ft)TenancyCurrent Rent € p.a.
502Two bedroom apartment70 sq. m(753 sq. ft)Tenanted€10,800 p.a.
506Two bedroom apartment70 sq. m(753 sq. ft)Tenanted€12,000 p.a.
603Two Bedroom apartment70 sq. m(753 sq. ft)Tenanted€10,800 p.a.
607Two Bedroom apartment70 sq. m(753 sq. ft)Tenanted€10,800 p.a.
709Two Bedroom apartment70 sq. m(753 sq. ft)Tenanted€12,000 p.a.
BER
Number

Available From Bidx1

Energy Performance Indicator

156.77 kWh/m²/yr - 176.54 kWh/m²/yr


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.


Contact Eva about this property