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16 Bramble Cottages, Old Spangle Hill, Farranree, Co. Cork, T23 X9V4

  • Auction
  • Lot 10
  • Ireland
  • Mid-Terrace House
  • Residential

Guide Price €190,000

Addendum

Please be advised of the exclusion of Special Condition 3 in the Contract for Sale.

Property Summary

  • Mid terrace two bedroom house.
  • Garden to the rear.
  • Loctated within close proximity to Cork City Centre.
  • Extending to approximately 72 sq.m (775 sq. ft).
  • Let to Cork County Council.
  • Secure income residential investment opportunity.
  • Subject to a tenancy on a 25 year lease from 22/12/2021.
  • Current rent of €13,440 per annum (€13,010 NOI).
  • 7.07% Gross Yield (6.84 % based on NOI).

Contact Us

Richard Hoey
Richard Hoey
Property Agent, here to help.

Contact Us

Richard Hoey
Richard Hoey
Property Agent, here to help.

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Property description

This residential investment opportunity comprises a mid terrace two bedroom house in Cork City. The property is arranged over ground and first floor under a pitched roof. We are informed that the property extends to approximately 72 sq.m (775 sq. ft).

Tenancy

The property is let to Cork County Council for a term of 25 years from 22/12/2021 at a rent of €13,440 per annum, subject to 3 yearly HICP linked rent reviews (Harmonised Indices of Consumer Price Index).

Accommodation

The property was not internally inspected or measured by BidX1. The information was provided by the Vendor. We are informed that the property provides:

  • Two bedroom accommodation.

VAT

Please refer to Legal Documents

BER Rating

B3

BER Identification Number

105058879

Energy Performance Indicator

128.15 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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