108-109 Main Street, Mallow, Cork

POA
Sale Agreed
  • Area 9875 Sq.Ft
  • Type Investment property

Description

ERA Downey McCarthy are very pleased to present this excellent investment opportunity. We have 9 no. x 2 bed apartments situated on the First, Second and Third Floors of a modern building right in the heart of the town centre. The apartments are fully rented producing an income at present in the region of €80,000 p.a. approx. Ground Floor Commercial Unit is not included, Tenants unaffected.

We have a secure private door access to the main street beside Boots the chemist building. The apartments are on the first, second and third floors of this building with stair and elevator access. Each apartment has open plan Kitchen/ Dining / living rooms, two generous sized double bedrooms and a bathroom. The 3 apartments at the front each come with en suite bathroom in addition to the main bathroom and the 6 apartments at the rear have balconies that overlook the river. In the centre of the building we have large open courtyard spaces for each apartment. Viewing is strictly by appointment only.

Features

Property built in 2002/2003 approx.
9,875 Sq. Ft. approx. in total
Annual rental income €80,000 approx.
Scope to increase rents annually
Electric Heating
Newly installed Farho heaters in all bedrooms
Low energy - highly efficient heaters
Night storage heating in all living rooms
6 Apartments with balconies over looking the river at the rear
3 Apartments overlooking the main street at the front of the building
Modern complex with courtyard space for each apartment
Separate folios for each apartment
Each apartment is independently metered

Accommodation

Apt No. 1 : Hallway, Kitchen/Dining/Living Room, 2 Bedrooms, one bathroom, one en suite. 752 Sq. Ft approx.
Apt No. 2 : Hallway, Kitchen/Dining/Living Room, 2 Bedrooms, one bathroom. balcony overlooking the river. 792 Sq. Ft. approx.
Apt No. 3 : Hallway, Kitchen/Dining/Living Room, 2 Bedrooms, one bathroom. balcony overlooking the river. 802 Sq. Ft. Approx.
Apt No. 4 : Hallway, Kitchen/Dining/Living Room, 2 Bedrooms, one bathroom, one en suite. 752 Sq. Ft Approx.
Apt No. 5 : Hallway, Kitchen/Dining/Living Room, 2 Bedrooms, one bathroom. balcony overlooking the river. 792 Sq. Ft. approx.
Apt No. 6 : Hallway, Kitchen/Dining/Living Room, 2 Bedrooms, one bathroom. balcony overlooking the river. 802 Sq. Ft. Approx.
Apt No. 7 : Hallway, Kitchen/Dining/Living Room, 2 Bedrooms, one bathroom, one en suite. 752 Sq. Ft Approx.
Apt No. 8 : Hallway, Kitchen/Dining/Living Room, 2 Bedrooms, one bathroom. balcony overlooking the river. 792 Sq. Ft. approx.
Apt No. 9 : Hallway, Kitchen/Dining/Living Room, 2 Bedrooms, one bathroom. balcony overlooking the river. 802 Sq. Ft. Approx.
Stairwell & lift shaft - 850 Sq. Ft. approx. over 3 floors
Open areas and Courtyards - 1,990 sq. ft. approx. over 3 floors

Disclaimer

The above details are for guidance only and do not form part of any contract. They have been prepared with care but we are not responsible for any inaccuracies. All descriptions, dimensions, references to condition and necessary permission for use and occupation, and other details are given in good faith and are believed to be correct but any intending purchaser or tenant should not rely on them as statements or representations of fact but must satisfy himself / herself by inspection or otherwise as to the correctness of each of them. In the event of any inconsistency between these particulars and the contract of sale, the latter shall prevail. The details are issued on the understanding that all negotiations on any property are conducted through this office.

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