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€700,000 Sold
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6 Apartments
25 Catherine Street
Waterford
Description
via Offr.ie
Auction at 12.00pm 15th February 2023.
Sherry FitzGerald John Rohan are delighted to bring to market 25 Catherine Street, presenting the buyer with an excellent investment opportunity, with a rental income of €57,600 per annum.
Location
The property is situated on Catherine Street in Waterford City Centre, just c. 220m from the Western Boundary of People’s Park. Catherine Street shares its northern junction with Parnell Street and its southern junction with John’s Hill and Ballytruckle Road. One can also gain access via Waterside and Water Street.
The property offers easy access to several well-established schools, within walking distance are: Waterpark College (c. 1km), De La Salle College (c. 800m), Newtown School and Junior School (c. 1km) and St. Declan’s National School (c. 500m) while all other schools in the city are within driving distance. South East Technological University: Waterford College Street campus is also just c. 1.2km away with the main campus situated c. 3.0km away.
The property has easy access to public transport, with Waterford Bus Station situated just c. 950m away and Plunkett Train Station just c. 1.5m away. It is situated within walking distance (c. 250m) of City Square Shopping Centre, the heart of Waterford City’s shopping district.
The Property
'No. 25' is a terraced style property consisting of six apartments, four of which are 1-bedroom and two of which are 2-bedroom. The property has electric storage heating throughout and a small yard to rear. There are fire alarms fitted throughout and there are bins to the rear. The property is listed as a protected structure.
Apt. 1:
Basement: c. 63 sq. m
Entrance hall, utility, 2 double rooms, kitchen/dining/living area and bathroom.
Rental Income: €900 p/m
Apt. 2:
Ground Floor: c. 36 sq. m
Kitchen/living area, 2x bedrooms and bathroom.
Rental Income: €900 p/m
Apt. 3:
c. 30 sq. m
Kitchen/living area, 1x bedroom and bathroom.
Rental Income: €750 p/m
Apt. 4:
First Floor: c. 25 sq. m
Kitchen/living area, 1x bedroom and bathroom.
Rental Income: €750 p/m
Apt. 5:
Second floor: c. 37 sq. m
Entrance hall, kitchen/living area, double bedroom and bathroom.
Rental Income: €750 p/m
Apt: 6:
Second Floor: c. 25 sq. m
Kitchen/living area, bedroom and bathroom.
Rental Income: €750 p/m
Title
The property is of freehold interest
Tenancy
All the apartments are tenanted and the leases are with Waterford City and County Council.
To be sold tenants in situ.
About the Area
Waterford (Irish: Port Láirge) is the oldest city in Ireland, situated at the head of Waterford Harbour, with a population of 46,732. The city is served by 21 primary schools and 9 secondary schools. River Suir, which flows through Waterford City, has provided a basis for the city's long maritime history. The M9 motorway, connects the city to Dublin. The N24 road connects the city to Limerick city. The N25 road connects the city to Cork city. The route continues eastwards to Rosslare Harbour. Bus services operate throughout the city centre and across the region. Waterford railway station is the only railway station in the county of Waterford.
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Help To Buy Scheme
The property might qualify for the Help to Buy Scheme. Click here to see our guide to this scheme.
First Home Scheme
The property might qualify for the First Home Scheme. Click here to see our guide to this scheme.