St Josephs TerraceSt Josephs TerraceSt Josephs Terrace

St Josephs Terrace,

Green St, Waterford

3 Bed Terrace House

Price €164,000

3 Bedrooms

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Contact Barry Murphy Auctioneers

PSR Licence: 001104

+353 51 858 444

Key Information

Price

€164,000

Rates

Not Provided

Stamp Duty

€1,640

Tenure

Not Provided

Style

Terrace House

Bedrooms

3

Status

For sale

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property description imageINVESTMENT PROPERTY - TENANT NOT AFFECTED
AMV €244,000 - Upfront Funding Required: €164,000 (67% of market value, Interest Free Loan of €80,000 already in place)

Three bedroom terraced property conveniently situated in Green St in the heart of Waterford city. This central location is just a 5 minute walk from Super Valu Hyper Shopping Centre, The Mercy & Presentation Schools aswell as Waterford city centre.

Accommodation comprises of sitting room, kitchen and shower room on the ground floor with three bedrooms on the first floor. The property also benefits from a rear yard. The property was fully refurbished in early 2024 to include new roof, new windows and doors, fully rewired and replumbed, new gas combi boiler, fully insulated, new flooring and tiling, new kitchen and shower room. It benefits from an enviable B3 BER Rating.

The property offers a net rental yield of 6% with an annual net rental of €10,420, with a fresh 25 year lease with Waterford City & County Council.

Some of the key benefits of the lease include:
No rent loss due to vacant periods
No rent arrears
No letting fees
No advertising costs
No RTB tenancy registration charge
No day to day maintenance costs

Below are the general lease terms:

Tenant - Waterford City and County Council
Lease Term - 25 year lease from April 2024
Tenant Break Option - No
Rent - €13,620 Total Net Rent
Loan repayment - €3,200 per annum

This property is an ideal opportunity for someone looking for a hands off investment or a pension fund investment as the only responsibilities of the landlord are the structural maintenance & insurance of the building.

For further information contact Barry Murphy Auctioneers on 051 858444.

Ground Floor
Sitting Room: 3.07 x 5.32. Laminate floor, blinds.
Kitchen: 2.45 x 3.54. Laminate floor, fitted kitchen with integrated oven & hob, door to rear garden.
Shower Room: 1.94 x 1.65. Partially tiled, WC, wash hand basin, shower, storage area.
First Floor
Bedroom 1: 2.44 x 3.55. Laminate floor, blinds.
Bedroom 2: 3.08 x 2.9. Laminate floor, blinds.
Bedroom 3: 2.13 x 2.28. Laminate floor, blinds.

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Property For Sale in County Waterford | Property For Sale in Waterford City | Barry Murphy Auctioneers *¹ Rates information is provided for guidance purposes only, as the information source is subject to change. Please check the LPSNI website for further detail. *¹ Stamp Duty information is provided for guidance purposes only. Please check the Office of the Revenue Commissioners website for further details. (https://www.revenue.ie)