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

Eircode : T12 CFR9

Type
Sale Agreed
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, Sale Agreed

Price: €320,000

Bed Rooms: 2

Area: 90 sq. m

Bathrooms: 1

Features

Similar Properties

€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

    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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