5 Catherine Place, Limerick City, Limerick€250,000 G

Investment Property For Sale

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Description

CITY CENTRE INVESTMENT PROPERTY FOR SALE
PROPERTY FULLY LET
CURRENT RENTAL INCOME OF €21,348 PER ANNUM.

Features

The property is subject to a number of tenancies as defined under the Residential Tenancy Act 2004 (amended). Accordingly, given the duration of each tenancy, each tenant is acquired right to tenure under said act making each tenancy a “Part IV” tenancy meaning long notice periods are applicable should vacant possession be required. The property is located in a Rent Pressure Zone (RPZ) meaning rents can be reviewed under Rent Pressure Zone criteria.

BER Details

BER: G

Accommodation

3-storey mid-terraced investment property having a one-bedroomed apartment on the ground floor and a four bedroomed duplex on the first and second floors comprising of kitchen/dining and two bedrooms on the first floor and two further bedrooms and a living area on the second floor. Two of the four bedrooms are on en-suite and there are two other shower rooms on the half-landing and on the first floor.

Directions

The property is situated in Limerick City Centre within the Georgian quarter. Neighbouring occupiers include numerous residential houses, professional offices, The Wine Buff Off-Licence and the offices of the State Solicitor.

Disclaimer

These Particulars and Terms are issued by Rooney Auctioneers (Limerick) Limited on the agreed understanding that all negotiations in respect of the property mentioned, are and will be conducted through them.  Whilst every care has been taken in preparing these Particulars and Terms of the said property, Rooney Auctioneers (Limerick) Limited do not warrant these Particulars and Terms or any representations made by them about the property and all intending purchasers/lessees should satisfy themselves as to the correctness and/or accuracy of the information given. Rooney Auctioneers (Limerick) Limited shall further not be liable for any loss or expenses, which may be incurred in visiting the property, should it prove unsuitable or to have been let, sold or withdrawn.