Price €395,000
Style Investment Property
BER Rating
Status For sale

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DNG John O'Brien

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Additional Information

Features

  • Spacious apartments Building has been newly renovated New roof New double-glazing windows to rear. Building insulation upgraded all floors, exterior walls roof. All new 30min 1-hour fire doors throughout. New fully integrated fire alarm management system installed. 2 emergency escape routes from each floor. Completely new electrical system installed. New plumbing mechanical systems throughout. All new finishes including kitchens flooring. All new doors skirting architrave. New painting all areas interion exterior. Ample Bin storage to the rear of the building. Shared access with the adjacent building via a side gate.

Additional Information

DNG John O'Brien are delighted to bring to market this excellent investment opportunity, ideally located in the heart of Clones Town.

The property comprises of a 3 x one-bedroom apartments and 1 x two-bedroom apartment & 2 x three-bedroom
apartments & 1 retail unit. The building has been newly renovated and is arranged over basement ground & 3 upper floors.

* Ranging in size from 390 sq. ft to 1044 sq. ft.
* Total site area is c.0.3 of an Arce
* Subject to a tenancy at a current rent of €55,740 per annum.
* Return on Investment after 8 years is €445,920

Excellent investment opportunity not be missed! Viewing highly recommended!

Accommodation

Apt 1: Basement- 1 bedroom c.420sqft = €600 per month
Apt 2: Ground Floor- 1 bedroom c.390sqft = €500 per month
Apt 3: First Floor- 3 bedroom c.1044sqft = €800 per month
Apt 4: Second Floor- 3 bedroom c.1044sqft = €800 per month
Apt 5: Third Floor- 2 bedroom c.9978 sqft = €795 per month
Apt 6: Basement under retail- 1 bedroom c.430sqft = €700 per month
Apt 7 & 8- Rear of building in need of renovation works - 1 bedroom c.500sqft = Anticipated rent €700 per month each
Retail Unit- Ground Floor c.500sqft (Lease is for 4 years and 9 months) = €450 per month

* Total Current Monthly Rent Roll = €4,645
* Total Current Yearly Rent Roll = €55,740

Directions

The property is located in the heart of Clones town. Adjoining properties are Clones Credit Union and Bank of Ireland.

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Property Statistics

Total Views

(since advertised)

102

Listing Views

Date Views Unique Views Featured Published Bumped
21st Mar 4 4 No Yes No
22nd Mar 0 0 No Yes No
23rd Mar 4 4 No Yes No
24th Mar 6 6 No Yes No
25th Mar 4 4 No Yes No
26th Mar 1 1 No Yes No
27th Mar 0 0 No Yes No
28th Mar 0 0 No Yes No
29th Mar 2 2 No Yes No
30th Mar 3 3 No Yes No
31st Mar 5 5 No Yes No
1st Apr 0 0 No Yes No
2nd Apr 0 0 No Yes No
3rd Apr 0 0 No Yes No
4th Apr 1 1 No Yes No
5th Apr 0 0 No Yes No
6th Apr 3 3 No Yes No
7th Apr 0 0 No Yes No
8th Apr 2 2 No Yes No
9th Apr 3 3 No Yes No
10th Apr 1 1 No Yes No
11th Apr 1 1 No Yes No
12th Apr 2 2 No Yes No
13th Apr 4 4 No Yes No
14th Apr 0 0 No Yes No
15th Apr 1 1 No Yes No
16th Apr 1 1 No Yes No
17th Apr 0 0 No Yes No
18th Apr 4 4 No Yes No
19th Apr 4 4 No Yes No

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