8 McCurtain Hill, Clonakilty, Co. Cork

For Sale

€450,000

Property Details

Property Type

Residential Investment

Bedrooms

7

Bathrooms

7

Size

Floors

Year Built

Contact Agent

Property Description

INVESTMENT PROPERTY FOR SALE BY AUCTION NOVEMBER 11TH:

Wallace Estates presents a residential/commercial mix investment portfolio consisting of seven units, six of which are residential and one which is commercial, producing a gross income currently being received on the six residential units totaling €42,000 per annum. The office space if sold with vacant possession should provide an additional €4,000 per annum.
8 McCurtain Hill, a three storey terrace building fronting onto McCurtain Hill, consists of 6 apartments in total. Five one bed apartments, one two bedroom apartment and one commercial unit. The subject property measuring circa 2830sqft. BER ranges from C2 - G

SPECIAL FEATURES
- Gross Investment Yield 8.3%
- Current rental income €42,000 with one vacant unit
- Units currently fully occupied with long term tenancies in place
- Two of the 6 apartments have their own front door entrances
- Internal layout of 7 separate units allows for maximum yield on building and reduces risk of large
rent loss in vacant periods


ACCOMMODATION:
Flat 1:
Overall Approx Measurement 37 sqm / 400 sqft
Entrance Hallway 4.80m x 1.40m Laminate Flooring
Room 13.11m x 3.84m Laminate Flooring
Living room/kitchen 4.86m x 3.20m Laminate Flooring
Toilet 1.40m x 1.97m Tile Flooring

Flat 2:
Overall Approx Measurement 51 sqm / 550 sqft
Entrance Hallway 7.49m x 1.10m Laminate Flooring
Bedroom 13.19m x 2.45m Laminate Flooring
Bedroom 23.34m x 3.20m Laminate Flooring
Living room/kitchen 4.40m x 4.33m Laminate/ Tile Flooring
Toilet 2.82m x 1.86m Tile Flooring

Flat 3:
Overall Approx Measurement 450sqft / 42sqm
Entrance Hallway 4.53m x 1.22m Laminate Flooring
Bedroom 4.10m x 3.90m Laminate Flooring
Living Room 4.80m x 3.10m Laminate Flooring
Kitchenette 2.22m x 1.43m Tile Flooring
Toilet 3.44m x 1.86m Tile Flooring

Flat 4:
Overall Approx Measurement 43 sqm / 465 sqft
Entrance Hallway 8.00m x 0.95m Laminate Flooring
Bedroom 3.59m x 3.04m Laminate Flooring
Living room/Kitchen 4.77m x 3.81m Laminate/ TIle Flooring
Toilet 3.35m x 1.98m Tile Flooring

Flat 5:
Overall Approx Measurement 30 sqm / 325 sqft
Hallway 5.11m x 1.05m Carpet Flooring
Bedroom 3.61m x 2.57m Carpet Flooring
Kitchen 2.20m x 1.50m Vinyl Flooring
Living room 2.46m x 4.42m Carpet Flooring
Toilet 1.50m x 1.00m Vinyl Flooring

Flat 6:
Overall Approx Measurement 35 sqm / 375 sqft
Hallway 2.31m x 1.05m Carpet Flooring
Bedroom 5.49m x 2.84m Carpet Flooring
Kitchen/Living room 4.32m x 3.15m Carpet Flooring
Toilet 2.19m x 2.04m Tile Flooring


Commercial Unit:
Overall Approx Measurement 30 sqm / 322 sqft
Open Plan office 30 sqm / 322 sqft Carpet Flooring
Toilet Tile Flooring

LOCATION:
8 McCurtain Hill is situated adjacent to Main Street and less than a minute walk from the center of the award-winning picturesque town of Clonakilty, West Cork. The property rental prices remain relatively competitive due to the town's popularity of its beautiful coastal setting '12 beaches within 12 miles' and thriving local economy.
Situated 1 hour west of Cork City and Cork International Airport, Clonakilty is a vibrant, colourful and welcoming town with local beautiful beaches and hosts a rich food and music culture. Strong community interaction is at the heart of Clonakilty's ethos, with it being the country's first 'fair-trade' town and first 'autism-friendly' town.
Recently listed in 2021 Irish Times '20 Best Places to Live in Ireland', this accolade showcases Clonakilty's popularity. There is a plethora of schooling and sporting facilities nearby.

SERVICES
All six residential units and the commercial unit are connected to main services including water, electricity and main sewerage.

POTENTIAL:
Development offers excellent potential for capital growth with a stable rental income record. This is an ideal investment for a pension fund or individual looking to boost their property portfolio with a low maintenance stand alone block of apartments.

VIEWING INFORMATION:
Viewing comes highly recommended. Contact our office on 021-2416503 or Bernadette Wallace on 086-2102630 to arrange.



Disclaimer: The particulars, photographs, dimensions, plans, references to condition and permissions for use and occupation are provided in good faith and believed to be correct but their accuracy is not guaranteed and any intending Purchasers shall satisfy themselves by inspection or otherwise as to correctness of each of them. No omission, accidental error or misdescription shall be ground for a claim for compensation nor for the rescission of the contract by either the Vendor or the Purchaser. The vendor nor any employee of Wallace Estates has the authority to provide warranty of any description in relation to the property.
Wallace Estates, for themselves and for the vendors or lessors of the property whose Agents they are, give notice that: (i) The particulars contained herein are set out as a general outline for the guidance of intending purchasers or tenants, and do not constitute any part of an offer or contract and are not in any way legally binding. (ii) All descriptions, dimensions, references to condition and necessary permissions for use and occupation, and other details are given in good faith and are believed to be correct, but any intending purchasers or tenants should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of each of them. (iii) No person in the employment of Wallace Estates has any authority to make or give representation or warranty whatever in relation to this development. (iv) The particulars contained herein are confidential and are given on the strict understanding that all negotiations shall be conducted through Wallace Estates. (v) Wallace Estates disclaims all liability and responsibility for any direct and/or indirect loss or damage which may be suffered by any recipient through relying on any particular contained in or omitted from the aforementioned particulars.

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