Superb residential rental investment opportunity

An investment opportunity with six modern residential properties built 10 years ago is on offer off Spring Lane, in Cork city’s Blackpool employment hub.

Guided at €700,000 by Michael Downey of ERA Downey McCarthy are four three-storey, four-bed and a couple of two-storey, three-bed townhouses — all fully occupied and rented out.

There’s a current rental income of €66,600 pa from the six units, says Mr Downey, adding that the courtyard scheme called Crosses Court at Cross Lane is near the railway bridge on Spring Lane, and is gated, with parking for six cars.

It’s 100 metres along Spring Lane, with a narrow pedestrian access point back to the heart of Blackpool village and shopping centre by Breda’s Bar.

“It’s an outstanding investment opportunity within walking distance of all amenities including Blackpool Shopping Centre and Retail Park, cinema and services,” according to the ERA agent adding that major employers such as Blizzard are in the vicinity with strong and steady demand for letting properties.

Details: ERA Downey McCarthy, 021-4905000