17 Elizabeth Terrace, Albert Road, Cork City, T12 CFR9

Eircode : T12 CFR9

Type
For Sale
Bedrooms
2 Bedrooms
Bathrooms
1 Baths

About

DESCRIPTION

BARRY AUCTIONEERS & VALUERS are delighted to present a unique opportunity to acquire a well-located and income-producing commercial & residential investment in the heart of Cork city and adjacent to the docklands development that will produce a 8.56% yield. €27,400 per annum.

This terraced, mixed-use investment property, comprising a ground floor commercial unit currently just let with a new 10-year lease starting July 2022 with a break clause in 5 years to a Sonny’s Deli, which they use as a kitchen for their deli 50 metres away. The rent is €13,000 per annum.

The residential unit, which has its own door access, is on the first floor and comprises two double bedrooms and kitchen/living room and a bathroom and utility on ground floor with enclosed small yard to rear. The property is currently vacant so to allow viewings but the rental income achievable with rental restrictions is €14,400 per annum. This is a fantastic investment opportunity producing a 8.56% yield.

 

BER DETAILS

F

BER No: 115211427

Energy Performance Indicator: 386.69 kWh/m2/yr

Details

Type: Apartment, For Sale

Price: €320,000

Bed Rooms: 2

Area: 90 sq. m

Bathrooms: 1

Features

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€320,000

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    About Barry Auctioneers

    Established in 2004 Barry Auctioneers & Valuers is a licensed firm of Auctioneers, Estate Agents and Valuers. As a member of the Institute of Professional Auctioneers & Valuers (IPAV) we provide a range of property consultancy services, including residential and commercial sales, lettings and valuations.

    Opening Hours

    Our office is currently closed to the public but we are still working as usual from Monday to Thursday 9.00am – 5.30pm and Friday 9.00am – 5.00pm with viewings available outside these hours by appointment.

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