Lot 1- Camden Court, Carrolls Quay, Cork City, Cork, Cork City Centre

€6,250,000

For Sale 3,430 sq.m. (36,920 sq.ft.)
3,430 sq.m. (36,920 sq.ft.)

 Property Description

On instruction of Statutory Receiver- Brendan O'Donoghue of Russell Brennan Keane Coldwell Banker - Carlton Estates are delighted to offer this prime city centre multi-family investment opportunity to the market. Strategically located this property boosts an impressive existing rent roll which will offer investors a substantial yield. The complex is well maintained and has been tenanted at a 96%occupancy rate throughout 2016/2017. All units are currently rented to the private rented sector and attract professional tenants given the complex proximity to Cork City Centre, South Mall, One Albert Quay, UCC, the Mercy Hospital as well as Blackpool Retail Park. Lot 1 offers investors the opportunity to acquire 49 apartments plus 1 retail unit. Current Passing Rental Income- 556,581pa Potential to substantially increase rental income through refurbishment and strategic asset management All viewings are strictly by appointment only with Sole Agents: Coldwell Banker- Carlton Estates Contact: Pat Falvey 021-4278500

  Accommodation

Coldwell Banker Carlton Estates

Pat Falvey


pat.falvey@carltonrealestate.ie
021-4278500


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