Smiths Apartments, Castle Street, Oldcastle, Meath

€275,000

A82VF40 219 m²

Smiths Apartments, Castle Street, Oldcastle, Meath

€275,000

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Beds
Price	€275,000
Property Type	Investment Property
Size	219 meters²
Energy Rating	BER-F
Refreshed on	Sep 25, 2024
Eircode	A82VF40

Description

Lot 1 Smiths Apartment Building comprises of 5 flats which are all currently vacant with a large back garden and within the town centre. The property is within walking distance to all town amenities and public transport. The basement levels comprises of a one bedroom plus study flat and separate storage units. The ground floor includes 2 one bedroom bedsits and a one bedroom flat. On the first floor is a large two bedroom apartment. The building was well designed with significant expenditure during its original construction and there is separate concrete floors on each level. On review of market rents and the current layout, the building is currently well laid out to maximise a good rental return. It is the view of Lydon Farrell Property that this building should be cosmetically refurbished now that the entire is vacant and then simply relet. Based on the current layout, we would propose the following gross rents. Unit 1 (ground floor) - €600 per month. Unit 2 (ground floor) - €750 per month. Unit 3 (ground floor) - €500 per month. Unit 4 (first floor) - €1,000 per month. Unit 5 (Basement) - €900 per month. Gross Market Rental Income Per Annum - €45,000. Smith\'s Apartment Building is being offered for sale by private treaty guiding €265,000 or it can be bought as part of a larger portfolio which will include the adjoining Castle Street house at €185,000. Lot 1 - Smyth\'s Apartment is guiding €265,000. Lot 2 - Caste Street house is guiding €185,000 Lot 3 - The Entire is guiding €450,000.

BER Details

BER: F BER No.117575134 Energy Performance Indicator:435.29 kWh/m²/yr

Viewing Details

Viewings by appointment.

Features

Parking

Central Heating

Garden

Description

Lot 1 Smiths Apartment Building comprises of 5 flats which are all currently vacant with a large back garden and within the town centre. The property is within walking distance to all town amenities and public transport. The basement levels comprises of a one bedroom plus study flat and separate storage units. The ground floor includes 2 one bedroom bedsits and a one bedroom flat. On the first floor is a large two bedroom apartment. The building was well designed with significant expenditure during its original construction and there is separate concrete floors on each level. On review of market rents and the current layout, the building is currently well laid out to maximise a good rental return. It is the view of Lydon Farrell Property that this building should be cosmetically refurbished now that the entire is vacant and then simply relet. Based on the current layout, we would propose the following gross rents. Unit 1 (ground floor) - €600 per month. Unit 2 (ground floor) - €750 per month. Unit 3 (ground floor) - €500 per month. Unit 4 (first floor) - €1,000 per month. Unit 5 (Basement) - €900 per month. Gross Market Rental Income Per Annum - €45,000. Smith\'s Apartment Building is being offered for sale by private treaty guiding €265,000 or it can be bought as part of a larger portfolio which will include the adjoining Castle Street house at €185,000. Lot 1 - Smyth\'s Apartment is guiding €265,000. Lot 2 - Caste Street house is guiding €185,000 Lot 3 - The Entire is guiding €450,000.

BER Details

BER: F BER No.117575134 Energy Performance Indicator:435.29 kWh/m²/yr

Viewing Details

Viewings by appointment.

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Lydon Farrell Property

Tel: 046 9...

PSRA Licence No. 004164

Date created: Sep 25, 2024