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Griffin Ville, Magazine Road

Details
  • BER: D1
  • Address: Griffin Ville, Magazine Road, Cork City, Co. Cork
  • Location: Cork City
  • Price: €295,000
  • Status:For Sale
  • Bedrooms 4
  • Bathrooms 2
  • Area 85.9 Sq.M
  • Type House
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Description

New to the market comes this strategically located four bedroom mid-terrace property situated within a three minute walk of UCC. Fully renovated in recent times, the property extends to approximately c. 925 sq. ft., and is currently let to college students. The property is in turn key condition and is sold fully-furnished with tenants secured for the upcoming college term. There are two large double bedrooms and two generous single bedrooms as well as a large bathroom, living room and kitchen. Currently generating a rental income of 23,600 for the college term, (college year 40 week) with potential for additional income during summer months. This a rare opportunity for investors to avail of a gilt-edged investment with an immediate return.

Viewing comes highly recommended.

Accommodation

Kitchen
3.7m x 2.23m
Tile floor and eye level units, tile splashback, plumbed for washing machine, power points, access to rear.

Living Room
3.76m x 3.62m
Tile floor, power points, T.V. point, radiator.

Bathroom
2.0m x 2.1m
Tile floor, floor to ceiling wall tiles, electric shower unit, W.H.B., W.C., radiator.

Bedroom
4.0m x 3.7m
Carpet floor, power points, radiator.

Bedroom
1.77m x 2.0m
Carpet floor, power points, radiator.

Bedroom
2.70m x 3.70m
Carpet floor, power points, radiator.

Bathroom
1.30m x 2.0m
Tile effect floor, shower unit, W.C.

Services:
Mains Sewerage
Mains Water
Gas Fired Central Heating

Features:
- Strong rental yield of c. 9.5% (including summer rental).
- Tenants secured for college term '20 / '21 at 23,600 (40 week term).
- Excellent condition throughout.
- Extends to c. 925 sq. ft.
- Enclosed garden to rear.
- Maintenance free garden facing Magazine Road.
- Sold fully furnished with all appliances and furniture included in sale.
- Zoned gas fired central heating.
- Ideal location only minutes walk to UCC.
- PVC double glazed windows throughout.