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22 Apartments at Priory Quay, New Ross, Co. Wexford, Y34 HH78

  • Auction
  • Lot 2
  • Ireland
  • Multi-Family
  • Commercial

Sold for €1,566,000

Addendum

Please be advised of the amendment to Special Condition 19 in the Contract for Sale. Please also be advised of the inclusion of Special Condition 18.3 in the Contract for Sale. All interested parties must satisfy themselves by carrying out their own independent due diligence.

Property Summary

  • A substantial multi unit residential investment opportunity.
  • Comprising 16 x two bedroom apartments, 1 x three bedroom apartment and 5 x one bedroom apartments.
  • Ranging in size from approximately 45 sq. m. - 69 sq. m. (484 sq. ft. - 742 sq. ft.).
  • Located on Priory Lane in the centre of New Ross, Co. Wexford.  
  • New Ross is currently not listed as a Rent Pressure Zone.
  • Total current rent reserved €126,960 per annum.
  • Gross Yield 10.15% with reversionary potential and vacant possession of 2 x units.

Contact Us

Robert Hefferon
Robert Hefferon
Property Agent, here to help.
robert.hefferon@bidx1.com
+353 (0) 87 145 4501
Legal Contact
Therese Norris
Vendor's Solicitor
tnorris@amoss.ie
+353 (0) 1 212 0400

Contact Us

Robert Hefferon
Robert Hefferon
Property Agent, here to help.
robert.hefferon@bidx1.com
+353 (0) 87 145 4501
Legal Contact
Therese Norris
Vendor's Solicitor
tnorris@amoss.ie
+353 (0) 1 212 0400

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Property description

The property comprises a portfolio of 22 x one, two and three bedroom apartments situated within a well maintained purpose built residenital development. The apartments are arranged over ground, first and second floor and comprise of kitchen/living room, main bathroom and either one, two or three bedrooms. 

The subject property is located on Priory Lane in the centre of New Ross and adjacent to the quays overlooking the River Barrow. New Ross is situated approximately 27km kilometres north east of Waterford City and 35km west of Wexford Town.

Bus routes in the immediete vicinity include the 370, 40, 340 and 368 which connect New Ross with major transport hubs in the region including Wexford Town, Waterford, and Kilkenny. The X4 express from Waterford provides quick access to Dublin City and Airport.

Additional Details

Apartment AccommodationSq. M. Sq. Ft Annual Rent 
11A1 Bedroom       45                484Vacant 
11B2 Bedroom       49                527  €6,000 
12A2 Bedroom       47                506€6,000
12B2 Bedroom       52                559   €5,700 
242 Bedroom       69                742 €5,720
252 Bedroom       45                484 €6,600
262 Bedroom       45                484 €6,240
272 Bedroom       69                742 *€0 
282 Bedroom       69                742 €5,720
293 Bedroom       45                484 €6,600
302 Bedroom       45                484 €5,980
311 Bedroom       69                742 €8,320
322 Bedroom       69                742 €7,800
332 Bedroom       45                484 €6,600
342 Bedroom       45                484 €6,000
351 Bedroom       69                742 Vacant
362 Bedroom       69                742 €7,440
381 Bedroom       51                549 €6,600
422 Bedroom       61                656 €7,800
462 Bedroom       65                699 €7,800
522 Bedroom       65                699 €7,800
531 Bedroom       48                516€6,240
TotalTotal1,106           11,905€126,960

* We have been advised by the vendor that no rent is being received for Unit 27.

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

 

 

VAT

Please refer to Legal Documents

BER Rating

B3 - D1

BER Identification Number

Available from BidX1

Energy Performance Indicator

146.18 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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