€700,000.00 - Commercial, Investment
Fantastic opportunity to acquire 9 spacious apartments, situated on Montgomery Street in Carlow. It comprises a two-storey, over ground level, purpose built apartment development and was constructed in 2006. Current passing rent is €36,900 per annum, with vacant possession of five apartments (2 x 3 beds & 3 x 2 beds).
Opportunity consists of:
– 6 x two-bedroom apartments
– 3 x three-bedroom apartments
There is an independent gated vehicular access to the front with parking for 11 cars, with a small gate tot eh side for pedestrian access. The complex is surrounded by walls on all sides with an area to the rear for communal bins.
The apartments are finished to a high standard with fitted kitchens, open-plan living room/kitchen areas, balconies and gas fired central heating. The properties would benefit from some redecoration in parts.
The property is within walking distance from all local amenities, with easy access to the N80 and M9/N7, and local train station.
|Unit||Accommodation||Sq.m||(Sq.Ft)||Tenancy||Current Rent Reserved € p.a.||Lease Start Date||Last Rent Review|
|1||2 bed apartment||63||678||RAS Tenancy||€9,300.00||01/10/12||14/06/18|
|2||2 bed apartment||63||678||RAS Tenancy||€9,000.00||01/10/12||14/06/18|
|3||3 bed apartment||75||807||Hap Tenancy||€9,000.00||30/06/15||24/05/17|
|4||2 bed apartment||63||678||Private Tenancy||€9,600.00||18/11/16||18/02/19|
|5||2 bed apartment||63||678||Vacant||€0.00||N/a||N/a|
|6||3 bed apartment||75||807||Vacant||€0.00||N/a||N/a|
|7||2 bed apartment||63||678||Vacant||€0.00||N/a||N/a|
|8||2 bed apartment||63||678||Vacant||€0.00||N/a||N/a|
|9||3 bed apartment||75||807||Vacant||€0.00||N/a||N/a|
Viewing is highly recommended and through appointment only.