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The Cove Flats, Dunmore Road, Waterford City, Co. Waterford

€ 460,000 Investment Property
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Property Overview:

Date Entered/Renewed: 24-10-2019 ( 85 days ago )

Property Description:

SUPERB RESIDENTIAL INVESTMENT PROPERTY An excellent investment opportunity has arisen to purchase an apartment block on the Dunmore Road with full occupancy. The Cove flats are conveniently located on the Dunmore Road beside the Cove Bar and directly opposite the Uluru Bar & Restaurant and University Hospital Waterford. A range of amenities are within walking distance including Ardkeen Shopping Centre, Aldi, Lidl and Tesco to name but a few. The property is divided into 4 apartments with 2 one beds on the ground floor and 1 one bed and 1 two bed on the first floor. The building has been well maintained and presents in excellent repair throughout. Outside the property sits on a substantial site and there is ample private parking to the front. To the rear is a large garden which could offer potential for further development subject to the relevant planning permission. ACCOMMODATION Ground Floor Flat 1 - 1 Bed Flat 3 - 1 Bed First Floor Flat 4 - 1 Bed Flat 5 - 2 Bed RENTAL INCOME The building generates 30,000 per annum broken down as follows: Flat 1 - 450 per month Flat 3 - 750 per month Flat 4 - 400 per month Flat 5 - 900 per month