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The Rockingham Portfolio, Newcastle, Wicklow, A63 PY29Sale Agreed

15 Bed 1100 m² / 11840 ft² Sale Agreed

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Description

An excellent opportunity to acquire a mixed-use investment of 11 units in a highly sought after location within 30 minutes of Dublin.

The entire portfolio comprises 1 on street retail unit and 10 residential units, 5 x 1 bed apartments, 1 x 2 bed apartments, 1 x 3 bed mid terrace house, 1 x 3 bed semi detached house, 1 x 2 bed mid terrace house, 1 x 4 bed semi detached house. The investment is currently under rented and is generating €6,139 per month (€73,668 per annum). Currently there are 3 vacant residential units and 1 vacant retail unit. The fully let ERV is €12,650 per month (€151,800) per annum providing a projected Gross Annual Yield of 8.92%

The Rockingham development is located at the heart of the picturesque Newcastle village. The original Rockingham House is a double fronted, two story period house that fronts on to the village main street. The 1 bedroom apartments are located in the converted side outbuildings. All the houses and 2 bedroom apartments are of modern construction and are in an L-shaped courtyard to the rear that is accessed through a gated archway. The rear houses and ground floor apartments benefit from back gardens. There is ample parking provided for all units.

For further details, rental schedule and reports please call or email.

Features

Prime mixed-use investment portfolio
10 residential units and 1 commercial retail unit
Connected to mains water and sewage
Close to a wide range of village services and amenities
Well serviced by transport links including Dublin Bus
Easy access to M11/M50 Motorways
BER Range B2 to G

Directions

The Rockingham Development is located just south of Greystones and east of Ashford on the R761/Old Coast Road. Driving south from Dublin on M11/M50 motorway through Kilmacanogue and Glen of the Downs to Junction 13
signposted Newcastle. Take the second exit at roundabout and after 1.8km turn right into Newcastle Village and The Rockingham Development is located on the left hand side. An REA Forkin For Sale sign is erected at the front of the development.

Eircode: A63 PY29

Viewing Details

Viewing by appointment only with REA Forkin. Call our Wicklow on (0404) 61933 or Bray on (01) 286 5370.