VALUABLE INVESTMENT OPPORTUNITY WITH 43 RESIDENTIAL
UNITS WITH A CURRENT RENTAL INCOME OF C.€270,000 PER ANNUM
Situated
in the centre of Newbridge mainly between Eyre Street and John Street this is
an ideal investment portfolio of 43 units in blocks with the surrounding area
mainly residential with some commercial in the vicinity. Eyre Street is a secondary location and saw
significant re-development in the 1990’s as part of the urban renewal scheme. The portfolio comprises a mix of older
generation purpose built small residential blocks and a number of converted
houses into flats, 10 recently refurbished cottages and a derelict house.
Situated
in the centre of Newbridge a thriving town c.28 miles southwest of Dublin
benefitting from excellent transportation links with the City from the regular
commuter rail service direct to Heuston Station, bus route on the main street
and M7 Motorway access at Junction 10 or 12.
The town has a population of c.22,000 people with a strong employment
base as well as benefitting from the commuter population. Major employers include Pfizer
Pharmaceuticals. Bord na Mona, Oral B, Lily O’Brien’s Chocolates, Lidl
Distribution and the Kerry Foods facility in Naas. Newbridge is a commercial hub for the area
with many excellent shopping facilities including Dunnes Stores, Tescos,
Penneys, Woodies, D.I.D. Electric, T.K. Maxx, Newbridge Silverware and
Whitewater shopping centre with 60 retail outlets, foodcourt and cinema. The Kildare retail outlet village is only a
10 minute drive.
This
is an ideal investment opportunity which has 100% occupancy (except for
derelict house) generating a current rental income of c.€270,000 per annum with
good growth potential. The property is
for sale by Tender through Liam Hargaden of Jordan Auctioneers – 045433550 who
are guiding €2,000,000. Tenders
to be submitted no later than
Thursday 6th April @ 3pm, to the offices of
Reidy Associates Solicitors, 3 Mount St Crescent, D. 2.
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