Lot 5729116, (d2) 41 Saint Joseph's Terrace, Green Streer, Waterford City, Co. Waterford, X91YE3C

Available From: Immediately INVESTMENT PROPERTY - TENANT NOT AFFECTED
AMV '¬244,000 - Upfront Funding Required: '¬164,000 (67% of market value, Interest Free Loan of '¬80,000 already in place)

Three bedroom terraced property conveniently situated in Green St in the heart of Waterford city. This central location is just a 5 minute walk from Super Valu Hyper Shopping Centre, The Mercy & Presentation Schools aswell as Waterford city centre.

Accommodation comprises of sitting room, kitchen and shower room on the ground floor with three bedrooms on the first floor. The property also benefits from a rear yard. The property was fully refurbished in early 2024 to include new roof, new windows and doors, fully rewired and replumbed, new gas combi boiler, fully insulated, new flooring and tiling, new kitchen and shower room. It benefits from an enviable B3 BER Rating.

The property offers a net rental yield of 6% with an annual net rental of '¬10,420, with a fresh 25 year lease with Waterford City & County Council.

Some of the key benefits of the lease include:
No rent loss due to vacant periods
No rent arrears
No letting fees
No advertising costs
No RTB tenancy registration charge
No day to day maintenance costs

Below are the general lease terms:

Tenant - Waterford City and County Council
Lease Term - 25 year lease from April 2024
Tenant Break Option - No
Rent - '¬13,620 Total Net Rent
Loan repayment - '¬3,200 per annum

This property is an ideal opportunity for someone looking for a hands off investment or a pension fund investment as the only responsibilities of the landlord are the structural maintenance & insurance of the building.

For further information contact Barry Murphy Auctioneers on 051 858444.

Ground Floor
Sitting Room: 3.07 x 5.32. Laminate floor, blinds.
Kitchen: 2.45 x 3.54. Laminate floor, fitted kitchen with integrated oven & hob, door to rear garden.
Shower Room: 1.94 x 1.65. Partially tiled, WC, wash hand basin, shower, storage area.
First Floor
Bedroom 1: 2.44 x 3.55. Laminate floor, blinds.
Bedroom 2: 3.08 x 2.9. Laminate floor, blinds.
Bedroom 3: 2.13 x 2.28. Laminate floor, blinds.