19 Saint Patricks Place, St. Lukes, Co. Cork

For Sale

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Property description

TENANCIES UNAFFECTED. PRIME INVESTMENT OPPORTUNITY.

Powell Property are delighted to bring this exceptional residential investment opportunity to the market at 19 Saint Patrick’s Place, Wellington Road, Cork City.

This fully occupied apartment block comprises 8 spacious two bedroom apartments presented in very good condition throughout and ideally positioned on Wellington Road, just a stone’s throw from Cork City Centre.

The development is being sold with tenants in situ and currently generates a substantial rental income of €14,881 per month, equating to approximately €178,572 per annum, offering investors an immediate and secure income producing asset in one of Cork City’s most established and consistently demanded rental locations.

Key Features:

Strong rental returns: The property benefits from an established annual rental income in excess of €178,000, providing a stable and attractive return for investors seeking long term income generation.

Excellent location: Situated on Wellington Road, the property enjoys immediate access to Cork City Centre together with a host of nearby amenities including schools, shops, public transport links, restaurants, cafés and major employment hubs.

Fully tenanted development: All apartments are occupied with tenants in situ, ensuring immediate rental income from the date of closing.

Well maintained accommodation: The apartments are presented in very good condition throughout and comprise highly sought after two bedroom layouts which continue to experience strong rental demand within the Cork City market.

Further development potential: To the rear of the property lies a substantial yard area offering excellent future potential. Subject to the necessary planning permissions, this space may lend itself to further development or the placement of a cabin/unit, presenting an opportunity to generate additional rental income.

BER Ratings:

Apartment 1 – E2
Apartment 2 – D2
Apartment 3 – C3
Apartment 4 – D2
Apartment 5 – D1
Apartment 6 – D1
Apartment 7 – D2
Apartment 8 – D1

Viewing and Offers:

Interest is expected to be strong for this high-yielding residential investment opportunity in a prime Cork City location. For further information or to arrange a viewing, please contact Powell Property, sole selling agents for this property.

LINK FOR VIRTUAL TOURS BELOW :

Apartment 1 - https://www.madesnappy.co.uk/tour/1g1175g2ba5e
Apartment 2 - https://www.madesnappy.co.uk/tour/1g1175g2c0a0
Apartment 3 - https://www.madesnappy.co.uk/tour/1g1175g2ba5c
Apartment 4 - https://www.madesnappy.co.uk/tour/1g1175g2bf57
Apartment 5 - https://www.madesnappy.co.uk/tour/1g1175g2bf5d
Apartment 6 - https://www.madesnappy.co.uk/tour/1g1175g2bf62
Apartment 7 - https://www.madesnappy.co.uk/tour/1g1175g2bfc6
Apartment 8 - Pending

19 Saint Patricks Place, St. Lukes, Co. Cork

Property description

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