Property Description

INVESTMENT HIGHLIGHTS
• Prime City Centre Residential Investment Opportunity
• 18 high quality modern apartments comprising a mix of two and three bed units.
• Developed c. 2006 and occupies a prominent location in the heart of Cork City Centre
• Set in a secure gated complex.
• Fully occupied and producing a gross rent of €291,168 per annum

THE OPPORTUNITY
The subject property comprises of 18 no. apartments, laid out over the 2nd to 5th floors and are contained are contained in Block C, a seven-storey block to the northeast of the development. The ground and first floor units do not form a part of the sale.
The apartments are of a generous size and finished to a high standard. The accommodation consists of 9 two bed apartments approx. 592 sq.ft., 8 two bed apartments approx. 646 sq.ft., and 1 three bed apartment approx. 733 sq.ft. Each apartment has a private balcony.
Constructed c. 2006 the apartments form part of a larger purpose built apartment development known as Knapps Square, comprising 93 apartments and duplexes, contained in four blocks all overlooking a central pedestrian courtyard. The scheme is access through a secure gated entrance off Knapps Square

LOCATION
Knapps Square is centrally located on the northern channel of the River Lee approximately 500m north of St Patrick’s Street, Corks main retail thoroughfare, and immediately west of the N20 Road which connects Cork City with Limerick City.
The development is situated within walking distance of cultural landmarks and amenities including Cork Opera House, Crawford Art Gallery and the English Market. The property also enjoys the advantages of its proximity to the Victorian Quarter / MacCurtain Street a vibrant district of shops cafes, restaurants and bars.
The property is highly accessible with convenient access to public transport options including Cork Bus Station, Cork Kent railway station and TFI Bike Stations. The planned Cork Light Railway project will further enhance accessibility.
Cork is home to global market leaders in pharmaceutical, healthcare, information and communications technology, biotechnology, professional and international financial services. Knapps Square is ideally positioned within the vicinity of notable employers including Apple European headquarters, Heineken Ireland, Mercy University Hospital and the Tyndall National Institute. The property is also conveniently located within walking distance of University College Cork.
Cork is Irelands second largest city with a population of approximately 220,000 in the wider metropolitan area. Cork is a key location for global investment with a strong presence of multinational companies in technology, pharmaceuticals, financial services and life sciences.

BER Details

BER No. 114719149

Energy Performance Indicator: 161.02 kWh/m2/yr

This property was last updated: 60 days ago