Lot 5824006, Inbhear Mor Square, Templerainey, Arklow, Co. Wicklow, Y14HT96

Available From: Immediately ***For Sale by Online Auction on Thursday, 3rd October 2024**

Block 2 Inbhear Mor Centre, Arklow is a 2 storey mixed-use investment block comprising 11 units. 8 residential (Two x 1 bed apartments, three x 2 bed apartments, three x 3 bed apartment. The commercial units include a first floor chiropractors office, Creche, and ground floor vacant unit that had been let to the HSE until recently.

Block 2 stands on a site of approximately 0.45 acres and is of block construction under a concrete tiled roof. All windows are double glazed and the development is fully serviced by mains electricity, water and waste water. There are two further mixed-use blocks contained within the overall development with surface carparking to the front.

At present, 7 of the 11 units are occupied with an current annual rent of €65,496. There is scope for asset management all units and increase rents across all units. A full rental schedule is available upon request. Potential to extend block to either end subject to planning permission.

Inbhear Mor Centre is a neighbourhood style development located predominantly residential area on the northern edge of Arklow town. The property is conveniently located close to the M11/N11 motorway.

Title
The subject property is of Freehold title and contained within folio: WW21106F.

BER
BER's range from E1 to C3


Superb investment opportunity
11 Units contained within one block
Freehold interest: Folio: WW21106F
Excellent asset management potential
Current gross annual rent of €65,496
High profile location on approach in to town centre
Potential to extend block subject to planning permission