Key Features

Designated Parking Spaces
Commercial Fire Alarm
Double-Glazed Windows
Storage Heating
10 Apartments With Own Door Entry
Intercom System

Property Description

Excellent Residential Investment Opportunity | 22 x Two-Bed Apartments | 14 Currently Let | 8 Vacant | Current Rental Income €137,544 p.a.

O’Mahony Property is delighted to bring to the market an attractive investment opportunity comprising 22 two-bedroom apartments within the well-established Carraigroe development in Brigown, Mitchelstown, Co. Cork.

Fourteen apartments are currently let, providing an established rental income stream, while the eight vacant apartments offer significant scope for further rental income.

---THE PROPERTY---

The portfolio comprises 10 ground-floor apartments, each with individual own-door access and a rear yard, together with a further 12 apartments arranged in two groups of six, each group accessed through a shared entrance. Three of the ground-floor apartments within these two groups benefit from sizeable rear gardens.

Each apartment provides well-proportioned two-bedroom accommodation, generally comprising of an entrance hallway, living and dining area, fitted kitchen, two bedrooms and a main bathroom.

The apartments offer practical layouts suited to modern residential living. The development provides an established residential setting within easy reach of the amenities and services available in Mitchelstown town centre.

---INVESTMENT OPPORTUNITY---

The sale of 22 apartments within one established development provides an investor with the opportunity to acquire a substantial residential portfolio with an existing income stream.

The 14 occupied apartments currently produce €137,544 per annum in gross rental income. Details of tenancy commencement dates, current rents and rent review history are available as part of the tenancy information for the portfolio.

This offering forms part of a larger portfolio sale that also includes 22 two-bedroom apartments at Parkview Court, Lord Edward Street, Limerick City. Offers are invited for either location individually or for the entire 44-apartment portfolio as one lot.

Further information, including the detailed rental schedule, tenancy information and sale particulars is available from O’Mahony Property.

--LOCATION--

The property is located in Carraigroe, just off Brigown Road, within walking distance of Mitchelstown town centre, with its range of shops, cafés, restaurants, schools, healthcare facilities and other local amenities.

The location also provides convenient access to the M8 motorway, connecting Mitchelstown with Cork and Dublin. The surrounding road network provides connections to Fermoy, Cahir and the wider North Cork and South Tipperary areas.

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These particulars and terms are the responsibility of all prospective purchasers/lessees to independently verify and satisfy themselves regarding the accuracy of the information provided. O’Mahony Property shall not be liable for any loss or expenses incurred in visiting the property if it is found unsuitable, sold or withdrawn. Interested parties are advised to satisfy themselves regarding all matters relating to the property, including measurements, services, fixtures, fittings, tenancy information and rental details. All measurements provided are approximate and photographs are for guidance purposes only. Prospective purchasers should undertake their own due diligence and obtain independent legal, tax and financial advice as appropriate.

BER Details

BER No. 101412617

Energy Performance Indicator: 148.36 kWh/m2/yr

This property was last updated: 4 days ago