C Investment Yield 13%, 4 Mcclure's Terrace,

For sale by Glen Estates: Estate Agent Donegal via the iamsold Bidding Platform 

Please note this property will be offered by online auction (unless sold prior). For auction date and time please visit iamsold.ie. Vendors may decide to accept pre-auction bids so please register your interest with us to avoid disappointment.

Great investment opportunity being sold with vacant possession comprising two self contained 1 bedroom apartments located in the heart of Letterkenny and walking distance to all amenities.

This property was built in 1950 and therefore predates any defective block issues.

Conservatively we would expect this property to achieve €800 per month per apartment which is almost a 13% rental yield which is a very good return on investment in today's market.

The ground floor apartment is accessed by the rear, where there is a rear yard housing the bin storage, oil tanks and oil burners. Also houses the washer and dryer for use by the ground floor apartment.

There is a partially glazed hardwood door, leading to an open plan kitchen, dining and living area which is 15.7ft x 13.1ft with vinyl flooring and built in, wall and base kitchen units with a tiled surround and a stainless-steel sink and drainer unit. Integrated electric hob and oven and an under counter fridge.

Bedroom one: 12.2ft x 8.6 ft with carpet flooring.

Shower room: Vinyl flooring and fully tiled walls with a white two-piece suite. Shower cubicle with a glass shower enclosure and a Gainsborough electric shower.

The First-floor apartment, which is accessible via the front of the property. There is a hardwood front door leading into a tiled entrance hall, with a carpeted staircase leading to the first floor, into an open plan kitchen, dining and living area which is 15.8ft x 12.10ft.

There is vinyl flooring with built in, wall and base kitchen units with a tiled surround, and stainless-steel single sink and drainer unit and mixer taps over. Integrated four ring electric hob and an electric double oven. Under counter fridge/freezer and is plumed for a washing machine. The tumble dryer is installed. And there is a fireplace with an electric stove inset.

Bedroom one: 9.2ft 8.3ft with laminate flooring.

Shower room: Vinyl flooring and fully tiled walls with a white two-piece suite. Shower cubicle with a glass shower enclosure and a Triton T80 electric shower.

BER Details
BER E1 / BER no. 118313956

TO VIEW OR MAKE A BID Contact Glen Estates: Estate Agent Donegal or iamsold, www.iamsold.ie

Starting Bid and Reserve Price

*Please note all properties are subject to a starting bid price and an undisclosed reserve. Both the starting bid and reserve price may be subject to change. Terms and conditions apply to the sale, which is powered by iamsold.

Auctioneer's Comments

This property is offered for sale by unconditional auction. The successful bidder is required to pay a 10% deposit and contracts are signed immediately on acceptance of a bid. Please note this property is subject to an undisclosed reserve price. Terms and conditions apply to this sale.

Building Energy Rating (BERs)

Building Energy Rating (BERs) give information on how to make your home more energy efficient and reduce your energy costs. All properties bought, sold or rented require a BER. BERs carry ratings that compare the current energy efficiency and estimated costs of energy use with potential figures that a property could achieve. Potential figures are calculated by estimating what the energy efficiency and energy costs could be if energy saving measures were put in place. The rating measures the energy efficiency of your home using a grade from ‘A’ to ‘G’. An ‘A’ rating is the most efficient, while ‘G’ is the least efficient. The average efficiency grade to date is ‘D’. All properties are measured using the same calculations, so you can compare the energy efficiency of different properties.

Property Particulars

Please contact us for more information about this property.

BER Details

BER Rating: E1

BER No.: 118313956

Energy Performance Indicator: Not provided