54 Mayors Walk, Waterford

Attention Investors – Superb Investment Property with rental income potential of €27,000 – €30,000

No 54 Mayors Walk, is an excellent City centre residential investment property that measures a substantial c. 1,328 sq.ft and comprises 2 self contained properties; a 1 bedroom ground floor apartment with its own door entrance and a 5 bedroom house. The ground floor apartment has been fully fitted for residential lettings and is currently rented at €7,000 per annum. The house comes with full vacant possession and has a potential rental income of €23,000 per annum. The property has a combined rental income potential of €30,000 per annum making this a very desirable investment property with no management company fees.

Convenience is key and No. 54 is located in the very heart of Waterford City, adjacent to the main throughfare, Arundle Square and City Square shopping centre. This is the prime business/recreational rear for the City and all shops, pubs and restaurants are a short stroll away. SETU College St Campus and Dept of Architecture are close by and University Hospital and Waterford’s Industrial parks are within a 10 minute drive. The property occupies a prominent position on Mayors Walk with plenty of on street metered parking at the door.

The accommodation comprises Ground Floor Apartment: kitchen/livingroom, bedroom and shower room. The main house comprises entrance hallway, kitchen/livingroom, shower room, with 2 bedrooms en-suite shower room and bathroom on the first floor and 3 bedrooms and shower room on the second floor.

This is a superb opportunity to acquire a City centre residential home with an established income stream of €7,000 or a gross potential income stream of €30,000 for a 2 unit investment property in the heart of the city.