1-2 North Main Street, Youghal, Co. Cork, P36 WK02
-
Auction
- Lot 60
- Ireland
- Mixed Use
- Commercial
Sold for €396,000
Addendum
Property Summary
- Online Auction Date: 26th July 2022
- A town centre residential investment.
- Comprising 6 x one bedroom units, 1 x two bedroom unit and 1 x commercial unit.
- Planning permission for conversion of commercial unit to 3 x one bedroom apartments.
- Rear yard provides off street parking or potential for further development (subject to obtaining the necessary planning).
- Within walking distance to a host of amenities.
- Total floor area extending to approximately 280 sq. m (3,010 sq. ft).
- All residential units currently occupied.
- Total current rent reserved €53,052 per annum with vacant possession of commercial unit.
- Gross Yield of 13.43%
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Property description
The property is arranged over ground and two upper floors to provide an end of terrace mixed use building. Internally the property comprises 1 x commercial unit at ground floor level, 1 x apartment at ground floor level, 4 x apartments at first floor level and 2 x apartments at top floor level. The property benefits from a rear yard with separate gated entrance.The property is located in Youghal Town Centre, within walking distance to Tesco, Aldi and further local amenities.
Total floor area extending to approximately 280 sq. m (3,010 sq. ft).
All intending purchasers are advised to satisfy themselves as to the accuracy of the measurements provided.
Tenancy
Excellent investment opportunity, with a potential Gross yield of approximately 15% (€75,000 per annum) subject to conversion of commercial unit.
VAT
BER Rating
BER Identification Number
Available From Bidx1
Energy Performance Indicator
486.92 kWh/m²/yr - 956.83 kWh/m²/yr
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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.
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