DNG Pierce Properties are pleased to present to the market this excellent investment property currently producing a monthly rent of €2,020.00 from 4 of the five dwellings.( 1 4 bed dwelling is currently in use as the landlords residence)
St Theresa’s Kiltrea, Caim, Enniscorthy, Co. Wexford, Bungalow (4 beds) & 4 self contained rental Apartments Located in County Wexford the property enjoys breath-taking views across open countryside whilst a short drive offers access to many mountain walks and the many beautiful sandy sea beaches of Wexford.
The property is located 5 minutes drive from the world renowned Monart Spa with easy access to the recently opened motorway transport routes to Gorey/Dublin, Waterford/Cork, Wexford town & Rosslare euro port.
The property is set in beautiful mature gardens includes a recently fully refurbished 4 bedroom bungalow and 4 self contained apartments each with their own front door.
The property also benefits from a double parking garage, and a large shed/workshop as well as two driveways to main road enabling privacy and easy access.
The property has a proven track record of long term lets via the four apartments and is perfect for someone wanting to run a business as the bungalow was once run as a very successful B&B.
The property is set back from the road, and is reached by a gently curved and private driveway with lawns to the front and side. The bungalow has been totally renovated in 2017 including newly installed floors, internal doors, electrics upgrades, and plumbing upgrades. The kitchen has solid wood units and has benefited from installation of new sink/tap, as well as new cooker and extractor hood, fridge, freezer, dishwasher, and washing machine – all included in sale price.
The attics have benefited in 2018 from newly installed access ladders and low voltage lighting as well as high grade insulation.
Three of the four apartments have Oil Fired Central heating whilst the fourth benefits from a solid fuel burner. All apartments benefit from private front doors and allocated parking. The recent plumbing upgrades to the property included the installation of new mains water supply coupled with installation of water meters for the house and 4 apartments. A newly installed waste water/percolation system with full planning permission was installed in late 2016 connected to all 4 apartments and the bungalow. The property has benefited from upgrades to plumbing and electrical installations in 2018/19 including installation of mains wired heat and smoke detection system in all apartments as well as certified installation of fire walls between each unit in the attics to meet fire safety standards. Mains wired smoke alarms have also been fitted in the attics. The property benefits from a double parking garage as well as a large workshop (48' x 18') which has recently benefited from installation of low voltage lighting and additional electrical outlets / separate fuse box. The workshop has recently had new steel roller and side doors fitted as well as lighting to front and side entrances.
This is a rare opportunity to acquire a very unique property offering both peaceful countryside family living, B&B business opportunity and Investment income from 4 apartments. The apartments are all rented, maintained in good condition and offer a combined income in excess of €2,020pm. The 4 bedroom bungalow could also be let for an additional €850pm.
Excellent investment property currently producing €2,020 with potential to produce €2,870.00.
The entire property is fully certified for its current business.
All planning permission is fully in place.
All apartments are fully tenanted.
BER: D2 BER No.109253674 Energy Performance Indicator:290.03 kWh/m²/yr
Entrance hall: ( 1.70m x 4m) & ( 5m x 1m)
Kitchen/ Dining area: ( 3.40m x 8.50m) , integrated cooker & Hob, Laminate Flooring.
Sitting room: ( 5.50m x 4.00m)
Master Bedroom: (3.50m x 4.00m)
Bedroom 2: (2.60m x 3.00m)
Bedroom 3: (3.00m x 4.00m)
Bathroom: (3.50m x 1.50m)
3 x 2 bed apartments
1x1 bed apartment.