Smiths' Apartments Castel Street,

Features

• Commercial Farming

Castle Street, Oldcastle

Lot 1

Smiths Apartment Building comprises of 5 flats which are all currently vacant with a large back garden and within the town centre. The property is within walking distance to all town amenities and public transport. The basement levels comprises of a one bedroom plus study flat and seperate storage units. The ground floor includes 2 one bedroom bedsits and a one bedroom flat. On the first floor is a large two bedroom apartment.

The building was well designed with significant expenditure during its original construction and there is seperate concrete floors on each level. On review of market rents and the current layout, the building is currently well laid out to maximise a good rental return. It is the view of Lydon Farrell Property that this building should be cosmetically refurbished now that the entire is vacant and then simply relet.
Based on the current layout, we would propose the following gross rents.

Unit 1 (ground floor) – €600 per month.

Unit 2 (ground floor) – €750 per month.

Unit 3 (ground floor) – €500 per month.

Unit 4 (first floor) – €1,000 per month.

Unit 5 (Basement) – €900 per month.

Gross Market Rental Income Per Annum – €45000.

Smith\’s Apartment Building is being offered for sale by private treaty guiding €265,000 or it can be bought as part of a larger portfolio which will include the adjoining Castle Street house at €185,000.

Lot 1 – Smyth\’s Apartment is guiding €265,000.
Lot 2 – Caste Street house is guiding €185,000
Lot 3 – The Entire is guiding €450,000.

Viewings by appointment.