Comes with a tenant

FULLY equipped ... with a tenant? Whether or not the current tenant is a fixed asset or a moveable feast will be up to the buyer of 2 Cois na hAbhannn, near the marina in Co Clare’s Kilrush — after they do the maths.

Either an investor or a first time buyer option, the 1,500 sq ft three-storey and four-bedded townhouse is repriced at €135,000 to sell, say agents Sherry FitzGerald McMahon.

At that, not only is the place newly completed in a courtyard scheme of six, but its brochure description helpfully adds: “This house is offered fully furnished and equipped with a tenant paying €1,000 per month, making a great investment opportunity.”

Mortgage repayments for first time buyer can start as low as €520 a month, it is calculated, on a 35-year mortgage. Now, how long might that equipped tenant (we’re not told if he/she is tastefully appointed or has all modern conveniences) commit to a lease for that much of that 35-year mortgage term?