Lot 52 Apartments 101,103,108,109,203,209,303,309 Block C, Railway Square, Waterford City, Co. Waterford, .

Bidding Closed

SOLD FOR

€1,171,000

Property Enquiries

Richard Hoey

richard.hoey@bidx1.com
+353 (0)1 566 8370
+353 (0)85 804 8210

Viewing/ Registration Enquiries

BidX1 Support Team

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

Vendor Solicitor

Denis J Keane

deniskeane@djkeane.com
06733455
Description
Map
Viewings

Addendum
Please be advised that apartment 103 is vacant and not tenanted as previously stated.
Property Summary
  • Multi unit investment.
  • Portfolio of 8 x three bedroom apartments. 
  • Excellent investment opportunity.
  • City centre location close to all amenities.
  • Ranging in size from approximately 81 sq. m (872 sq. ft) to 87 sq. m (936 sq. ft).
  • Subject to six tenancies at a combined current rent of €83,400 per annum.
  • Vacant possession of 2 x apartments.
  • Anticipated Gross Yield 10% with full occupancy.
  • Joint Agent with Brophy Cusack. 
Location
  • Waterford City is located approximately 170km south of Dublin City.
  • The subject properties are situated within the Railway Square development which can be accessed via the R680 on to Poleberry Link Road. 
  • Local amenities in the area include Tesco Superstore, TK Maxx, ODEON Waterford  together with a wide range of hotels, bars and restaurants.
  • Transport links in the area include Local and Bus Eireann Services (W3, W5, 609, 736), Plunkett Station 1.7km, N24, N25 & the N29.
Description
  • Portfolio of 8 apartments 
  • Containing 8 x three bedroom apartments
  • Comprised within a building arranged over ground and four upper floors
  • Management fee: €2,171 p.a. per apartment
  • We are informed the properties range in size from approximately 81 sq. m (872 sq. ft) to 87 sq. m (936 sq. ft)
  • All intending purchasers are advised to satisfy themselves as to the accuracy of the measurements provided
Accommodation

VAT
Please refer to Legal Documents
Property Table
Apartment No.No. of BedsTerms of TenancyCurrent Rent Reserved € p.a.
1013Residential€15,000 p.a.
1033ResidentialVacant
1083Residential€14,400 p.a.
1093Residential€12,060 p.a.
2033Residential€14,700 p.a.
2093ResidentialVacant
3033Residential€14,040 p.a
3093Residential€13,200 p.a.
  Total €83,400 p.a.

 

Projected Full occupancy passing rent c.€113,400 PA

BER
Number

Available From Bidx1

Energy Performance Indicator

242.89 kWh/m²/yr - 293.38 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 Richard about this property