5 Parnell Street, Waterford City, X91XP80

Additional Information

• Building is currently laid out as four self-contained one bedroom apartments

• excellent investment opportunity with strong rental potential

• Last refurbished in 1990 with significant investment in Electrical and Fire Containment

• City Centre Location

• Off Street parking via secure gated rear entrance from Spring Valley Lane with

additional pedestrian door

• Electric heating

All light fittings, window furnishings, floor coverings integrated appliances.

All Mains Services

All amenities of Waterford City on the doorstep.

https://reaspratt.bidnow.ie/lot/details/171705

REA Spratt offer for sale by online auction on Friday 27th February at 11 am this imposing and attractive four storey terraced property located in the heart of Waterford City. The building is currently laid out as four self-contained one bedroom apartments, presenting an excellent investment opportunity with strong rental potential. The property lends itself to a number of potential uses, and while refurbishment works are required, it offers purchasers the chance to upgrade and enhance a substantial building in a highly accessible location, making it an appealing opportunity for investors. To the rear, the property benefits from a number of outbuildings and valuable off street parking, a much sought-after feature in a city centre location. Access is provided via a secure gated vehicular entrance from Spring Valley Lane, with an independent pedestrian gate also available. No. 5 Parnell Street is within easy walking distance of a wide range of amenities and services to include City Square and Georges Court Shopping Centres, cafés, restaurants, pubs, Waterford College of Further Education with the Viking Triangle, Cultural attractions, and the Quays are also nearby. Excellent public transport is available, with regular bus services serving the area and Waterford (Plunkett) Train Station within an easy walk. This property offers the successful purchaser the opportunity to apply for the Vacant Property Refurbishment Grant of 50000 euros (subject to meeting the criteria). If the refurbishment costs exceed the standard grant of up to 50,000 euros a top-up grant amount of up to 20,000 euros is available. REA Spratt highly recommend viewing this impressive building.

Accommodation

Entrance Hall
9.27m x 1.70m Bright spacious hallway door to rear yard

Apartment 1
Lobby - 1.65 x 1.45 Kitchen/Livingroom 4.3 x 2.3 Bedroom 3.9 x 2.8 Shower Room 1.7 x 1.4

Landing

Apartment 2
Entrance Hall off Lobby 3.7 x 1.2 Livingroom 2.8 x 2.8 Kitchen/Diner 4.25 x 2.4 Fitted units, plumbed for washing machine Bedroom 3.8 x 3.4 Shower Room 1.7 x 1.7 - Tiled walls Triton electric shower

Landing

Apartment
Hallway 2.9 x 1.5 2nd Floor Return off Shower Room 2.1 x 1.9 Mixer Shower Livingroom 4.4 x 2.65 Kitchen/Diner 4.25 x 2.4 Fitted Units, plumbed

Landing

Attic Room 4
3rd Floor return off Shower Room 2.1 x 1.9 Triton electric shower Hallway 2.9 x 1.5 Livingroom 4.5 x 3.2 Kitchen/Diner 4.29 x 2.5 Bedroom 2.28 x 2.5

Walled Yard
Number of outbuildings, pedestrian and vehicular access to Spring Valley Lane

Outside

-Enclosed rear yard with outbuildings -Secure gated pedestrian and vehicular access on to Spring Valley Lane providing for off street parking.

Directions

X91XP80