This article is from page 10 of the 2014-07-01 edition of The Clare People. OCR mistakes are to be expected so download the original SWF or the rendered page 10 JPG
FIVE apartments and three retails units right in the heart of Ennis could be yours for as little as € 180,000. That’s according Allsop Space Estate Agents, who will be putting such a property in county capital under the hammer this Tuesday at its latest sale of distressed properties.
What has been advertised as a “detached modern mixed use block” that’s located on the Mill Road in Ennis will be auctioned in the RDS, with Allsop, which has already sold a number of properties in the area giving a guide price of € 180,000 to € 200,000.
According to the auctioneers, the block is “internally arranged to provide five two-bedroom apartments and three retail units” and it is being advertised as an “ideal investment opportunity”.
The property is located along the Mill Road close the junction with Pound Lane and the Old Mill Road, while Allsop have revealed that first floor offices are not included in the sale as they have previously been sold.
Rental income on the property at present amounts to over € 25,000 per annum, a figure made up of € 18,000 from three of the apartments while one of the retail units is bringing in € 7,380 per annum for the present owner. Two of the retail units are vacant at present as are two of the apartments.