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For sale by Glen Estates: Estate Agent Donegal via the iamsold Bidding Platform
Please note this property will be offered by online auction (unless sold prior). For auction date and time please visit iamsold.ie. Vendors may decide to accept pre-auction bids so please register your interest with us to avoid disappointment.
Great investment opportunity being sold with vacant possession comprising two self contained 1 bedroom apartments located in the heart of Letterkenny and walking distance to all amenities.
This property was built in 1950 and therefore predates any defective block issues.
Conservatively we would expect this property to achieve €800 per month per apartment which is almost a 13% rental yield which is a very good return on investment in today's market.
The ground floor apartment is accessed by the rear, where there is a rear yard housing the bin storage, oil tanks and oil burners. Also houses the washer and dryer for use by the ground floor apartment.
There is a partially glazed hardwood door, leading to an open plan kitchen, dining and living area which is 15.7ft x 13.1ft with vinyl flooring and built in, wall and base kitchen units with a tiled surround and a stainless-steel sink and drainer unit. Integrated electric hob and oven and an under counter fridge.
Bedroom one: 12.2ft x 8.6 ft with carpet flooring.
Shower room: Vinyl flooring and fully tiled walls with a white two-piece suite. Shower cubicle with a glass shower enclosure and a Gainsborough electric shower.
The First-floor apartment, which is accessible via the front of the property. There is a hardwood front door leading into a tiled entrance hall, with a carpeted staircase leading to the first floor, into an open plan kitchen, dining and living area which is 15.8ft x 12.10ft.
There is vinyl flooring with built in, wall and base kitchen units with a tiled surround, and stainless-steel single sink and drainer unit and mixer taps over. Integrated four ring electric hob and an electric double oven. Under counter fridge/freezer and is plumed for a washing machine. The tumble dryer is installed. And there is a fireplace with an electric stove inset.
Bedroom one: 9.2ft 8.3ft with laminate flooring.
Shower room: Vinyl flooring and fully tiled walls with a white two-piece suite. Shower cubicle with a glass shower enclosure and a Triton T80 electric shower.
BER Details
BER E1 / BER no. 118313956
TO VIEW OR MAKE A BID Contact Glen Estates: Estate Agent Donegal or iamsold, www.iamsold.ie
*Please note all properties are subject to a starting bid price and an undisclosed reserve. Both the starting bid and reserve price may be subject to change. Terms and conditions apply to the sale, which is powered by iamsold.
This property is offered for sale by unconditional auction. The successful bidder is required to pay a 10% deposit and contracts are signed immediately on acceptance of a bid. Please note this property is subject to an undisclosed reserve price. Terms and conditions apply to this sale.
Building Energy Rating (BERs) give information on how to make your home more energy efficient and reduce your energy costs. All properties bought, sold or rented require a BER. BERs carry ratings that compare the current energy efficiency and estimated costs of energy use with potential figures that a property could achieve. Potential figures are calculated by estimating what the energy efficiency and energy costs could be if energy saving measures were put in place. The rating measures the energy efficiency of your home using a grade from ‘A’ to ‘G’. An ‘A’ rating is the most efficient, while ‘G’ is the least efficient. The average efficiency grade to date is ‘D’. All properties are measured using the same calculations, so you can compare the energy efficiency of different properties.
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A non-refundable contract deposit of 10% (minimum deposit of €6,500.00) is required to be paid by the successful bidder for this property.
A Bidder Security Deposit of €4,500.00 is required to be pre-authorised from the bidders debit or credit card through the payment facilities on the auction website when registering to bid. A bidder has also the option of transferring the minimum deposit amount by bank transfer to iamsold's client account to authorise them to bid on the Online Auction (please note, this option may take several days).
The pre-authorisation amount will only be captured from the successful bidder on acceptance of their bid. This will form part of the non-refundable part payment contract deposit.
Any balance of the full contract deposit must be paid by the successful bidder to iamsold within 48 hours of acceptance of their bid. The deposit balance can be paid by debit/credit card, or same day bank transfer to iamsold's client account.
All unsuccessful bidders will have their pre-authorisations released OR their bank transfer refunded within 5 working days of conclusion of an auction or withdrawal of the Lot from the Online Auction.
Bidders are required to pay a non-refundable €50.00 (including 23% VAT) registration fee per property they register to bid on.
For further information or to speak to one of our team, please call 01 687 5040.
These particulars, whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements or representation of fact, but must satisfy themselves by inspection, measurement or otherwise as to their accuracy. No person in this firms employment has the authority to make or give any representation or warranty in respect of the property. Properties may be sold via online auction or public auction and bids made prior to public auction may be accepted by the vendors. iamsold and our partner auctioneer will share relevant personal information and transactional updates with each other so that we can effectively market and sell properties including the arrangement of viewings and follow up.
