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4 Smithgrove Terrace, Middle Glanmire Road, Montenotte, City Centre Nth, Cork City T23D580

€650,000

Investment Property 2500 ft² / 232.26 m² For Sale C3


Description

Cork City Centre Investment opportunity for sale separately at €650,000 each or as one lot at €1,950,000 with 2 & 3 Smithgrove Terrace

4 Smithgrove is a 1963 blocks of apartments/flats. The building has been designed for rental purposes, it is ideally located in a PRIME residential location in the suburb of Montenotte, on the north side of the city. This is one of Cork's premier addresses.

Features

Ideal Cork City Centre Investment opportunity.
6 apartment units
€57,660 in annual rent roll, approx. Yield of 8.9%
Pre 1963 building in a PRIME residential location in suburbs of Montenotte.
BER Certificates range from D2-C3

BER Details

BER: C3

Directions

The property is situated off the Middle Glanmire Road, in a cul-de-sac, within a 10-minute walk to the city centre. This is a prime location, and an easy place to carry out renovation works as it is off the main road and has plenty of parking space and a garden to the front with views over Cork city. This is an ideal investment opportunity, in a great rental area, with potential to increase the rental income.