Coonagh Road, Coonagh, Limerick€525,000 D1

Investment Property For Sale

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Description

Rooney Auctioneers offer for sale this attractive 5/6 bedroom detached house on a site of approximately 1.3 acres and a 2.5 acre plot of land to the rear with a substantial equestrian/storage/warehouse building. The property is strategically located just off the Coonagh roundabout on the Ennis Road and is adjacent to the N18 duel-carrigeway to Shannon, the Limerick Tunnel leading to the M7 motorway and only 4 km from Limerick City Centre. The house is currently rented and fully managed by a Property Management company and produces a net annual income of €28,000. There is potential for additional rental income from land and facility to the rear of approx. €12,000 per year.
The accommodation of the residence comprises an entrance hall, two superb reception rooms, an office, a spacious kitchen-dining room which opens into a large sunroom overlooking the south-east facing rear garden, utility room, guest wc, five bedrooms one of which is ensuite and main bathroom. The property has double glazed windows, oil fired central heating and a newly installed bio-cycle wastewater treatment system. There is also a large detached garage on the property with space for three cars and gardens to the front and rear with patio. The house is accessed via electric entrance gates and approached by a tree lined avenue.
The equestrian/storage/warehouse building on 2.5 acres of land at the rear of the residence is an extensive steel clad building of approx. overall 1,358 sq.m (14,617 sq.ft) which houses 22 stables, an indoor arena and several offices. This building would offer the potential for various uses and is accessed via the avenue to the residence.
The property has planning permission for a new separate entrance from the public road.
Price for the entire (Residence on 1.3 acre & 2.5 acre to the rear with building): €525,000.
Contact Briain Considine at Rooneys for further information.

Features

Located adjacent to the N18 duel-carrigeway to Shannon, the Limerick Tunnel leading to the M7 motorway and only 4 km from Limerick City Centre.
Rented via Property Management company on 6 year contract (break clause with 3 months notice) with a net income of €28,000 per year.
Potential rental income from land and facility to the rear of approx. €12,000 per year.

BER Details

BER: D1

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.