Description
ERA Downey McCarthy take great pleasure in bringing to the market this most attractive investment opportunity, comprising a complete terrace of 5 No. recently refurbished, two storey houses.
The property sits on the east side of the R624, just south of Carrigaloe train station and adjacent to the Passage West Ferry terminus. This is a superb commuter location with excellent transport links, while remaining within 4 km of Cobh's town centre. The terrace itself is long established and enjoys uninterrupted sea views across the Lee Estuary to Passage West and further northwards across Lough Mahon. Accommodation
1 Railway Terrace - 2 bedroom house - 39.60 sq.m.
2 Railway Terrace - 3 bedroom house - 100.22 sq.m.
3 Railway Terrace - 1 bedroom house - 39.60 sq.m.
4 Railway Terrace - 1 bedroom house - 47.76 sq.m.
5 Railway Terrace - 2 bedroom house - 47.76 sq.m. Features
1-5 Railway Terrace accommodates 2 x 1 bedroom houses, 2 x 2 bedroom houses and 1 x 3 bedroom house.
All 5 houses have been recently refurbished and are presented in excellent condition throughout. Internal accommodation includes modern kitchens and bathrooms and services include gas fired central heating. Each house has the benefit of an off-street private parking space as well as an enclosed rear yard.
On full occupation, this investment opportunity has been generating a rent of €77,040 p.a. which represents a potential Net Initial Yield of 7.6%. Presently the terrace is 80% occupied. BER Details
Directions
Please see Eircode P24 NH36 for directions. Viewing Details
Viewing strictly by prior appointment with sole selling agents. 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.
P24NH36 274.94 m2
P24NH36 274.94 m2
