Trading up: Western Road, Cork €395,000 each

Rising rents and shortage of supply is going to drive very competitive bidding on these well located investments.
Trading up: Western Road, Cork €395,000 each

Size: 153+173sq m 

Bathrooms: 8 

Bedrooms: 13 

BER: C3

HOUSES, sites, a convent, and a mixed bag of investment properties are to go under the auction hammer in Cork’s Clayton Hotel on May 24 with Des O’Malley of Sherry FitzGerald, and some of the keenest interest is expected in Nos 6&7 Woodland View, Cork.

Why? Location.

Set opposite UCC’s ground and campus to the south, and with the Mardyke and Fitzgerald’s Park behind, and all within a 12-minute walk of the Grand Parade, these adjoining mid-terraced properties will be sought after and occupied all year round.

Both refurbished (rebuilt, effectively) in the 1990s from top to bottom, they each comprise rental properties with three apartments in each, over-basement or lower ground.

The units are a mix of sizes, some one beds, other three, and one upper floor one has a bonus of an attic room.

Johnny O’Flynn of Cork’s Sherry Fitz is doing the viewings, and each has car parking in front, and a communal yard behind with laundry facilities.

Rental income isn’t disclosed, but given the proximity to UCC with c 20,000 students, to major hospitals, and to the city centre, investor owners shouldn’t have to worry about finding occupants tenants.

Even though they are different sizes, and have different layouts and numbers of bedrooms, No 6 and No 7 Woodview each have €395,000 price guides going to auctions.

More in this section

Lunchtime News Wrap

A lunchtime summary of content highlights on the Irish Examiner website. Delivered at 1pm each day.

Sign up
Revoiced
Newsletter

Our Covid-free newsletter brings together some of the best bits from irishexaminer.com, as chosen by our editor, direct to your inbox every Monday.

Sign up