Inbhear Mor Square, Templerainey, Arklow, Co. Wicklow

€750,000 Y14 HT96 870 m²

Inbhear Mor Square, Templerainey, Arklow, Co. Wicklow

€750,000

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Beds
Price	€750,000
Property Type	Investment Property
Size	870 meters²
Energy Rating	BER-
Refreshed on	Aug 26, 2024
Eircode	Y14 HT96

Description

***For Sale by Online Auction on Thursday, 3rd October 2024** Block 2 Inbhear Mor Centre, Arklow is a 2 storey mixed-use investment block comprising 11 units. 8 residential (Two x 1 bed apartments, three x 2 bed apartments, three x 3 bed apartment. The commercial units include a first floor chiropractors office, Creche, and ground floor vacant unit that had been let to the HSE until recently. Block 2 stands on a site of approximately 0.45 acres and is of block construction under a concrete tiled roof. All windows are double glazed and the development is fully serviced by mains electricity, water and waste water. There are two further mixed-use blocks contained within the overall development with surface carparking to the front. At present, 7 of the 11 units are occupied with an current annual rent of E65,496. There is scope for asset management all units and increase rents across all units. A full rental schedule is available upon request. Potential to extend block to either end subject to planning permission. Inbhear Mor Centre is a neighbourhood style development located predominantly residential area on the northern edge of Arklow town. The property is conveniently located close to the M11/N11 motorway. Title The subject property is of Freehold title and contained within folio: WW21106F. BER BER's range from E1 to C3

Features

Superb investment opportunity 11 Units contained within one block Freehold interest: Folio: WW21106F Excellent asset management potential Current gross annual rent of 65,496 High profile location on approach in to town centre Potential to extend block subject to planning permission

Negotiator

Matt Forkin

Description

***For Sale by Online Auction on Thursday, 3rd October 2024** Block 2 Inbhear Mor Centre, Arklow is a 2 storey mixed-use investment block comprising 11 units. 8 residential (Two x 1 bed apartments, three x 2 bed apartments, three x 3 bed apartment. The commercial units include a first floor chiropractors office, Creche, and ground floor vacant unit that had been let to the HSE until recently. Block 2 stands on a site of approximately 0.45 acres and is of block construction under a concrete tiled roof. All windows are double glazed and the development is fully serviced by mains electricity, water and waste water. There are two further mixed-use blocks contained within the overall development with surface carparking to the front. At present, 7 of the 11 units are occupied with an current annual rent of E65,496. There is scope for asset management all units and increase rents across all units. A full rental schedule is available upon request. Potential to extend block to either end subject to planning permission. Inbhear Mor Centre is a neighbourhood style development located predominantly residential area on the northern edge of Arklow town. The property is conveniently located close to the M11/N11 motorway. Title The subject property is of Freehold title and contained within folio: WW21106F. BER BER's range from E1 to C3

Features

Superb investment opportunity 11 Units contained within one block Freehold interest: Folio: WW21106F Excellent asset management potential Current gross annual rent of 65,496 High profile location on approach in to town centre Potential to extend block subject to planning permission

Negotiator

Matt Forkin

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Price Changes in Arklow

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Ferrybank, North Quay, Arklow, Wicklow

-€300,000 (-20.00%)

€1,500,000 €1,200,000

30th May 24

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Forkin Property

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PSRA Licence No. 002719

Date created: Aug 26, 2024