Lote 4271,
5 Catherine Place, Limerick
GVM Auctioneers are delighted to present to the market this attractive 3 storey townhouse consisting of a 1 bedroom apartment on the ground floor and a 5 bedroom duplex apartment over the 1st & 2nd floors. The property is currently rented and can be sold with tenants in situ or with vacant possession. The current annual rental income is €49,200 being €1,100 per month for the ground floor 1 bedroom apartment and €3,000 per month for the 5 bed duplex. The property is approx. overall 125 sq.m / 1,345 sq. ft. The ground floor apartment is approx. 38 sq.m / 409 sq.ft and comprises a kitchen-diner-living room, a large twin bedroom and a shower room. There is also a small yard to the rear. The duplex apartment is approx. 87 sq.m / 936 sq.ft and comprises 5 bedrooms two of which are ensuite, a further two shower rooms and a kitchen-diner. The property has gas fired central heating and is fitted with a modern gas boiler. Catherine Place is located in Limerick`s Georgian Quarter, an area known for its historical Georgian-style architecture. The neighbourhood features many buildings with unique architectural details such as brick facades, large sash windows and decorative ironwork giving the area a distinct character. The location is just a short walk from O`Connell Street and city centre giving easy access to shopping, dining and key services. The surrounding streets host a mix of shops, cafes, restaurants and local businesses. This central location also offers access to various transportation options including bus routes that connect to different parts of Limerick and beyond. Colbert Station, the city`s main train and bus station, is also close by providing easy regional and national travel options. Other notable local landmarks include Pery Square, home to No. 1 Pery Square Boutique Hotel and The Peoples Park which is a beautiful public green space which spans about 8 acres located in the heart of the city, offering a quiet retreat within the urban landscape. This property presents an excellent investment opportunity having tenants in place with a strong rental income whilst also offering the property to purchasers who require vacant possession.
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NoticePlease note we have not tested any apparatus, fixtures, fittings, or services. Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.
UtilitiesElectric: Unknown
Gas: Unknown
Water: Unknown
Sewerage: Unknown
Broadband: Unknown
Telephone: Unknown
Other ItemsHeating: Not Specified
Garden/Outside Space: No
Parking: No
Garage: No
Información importante / Términos y condiciones
TERMS & CONDITIONS - PLEASE READ CAREFULLY
• Viewing:
If you wish to view the property, you should contact GVM Auctioneers on 061413522. We will facilitate you and arrange access for you and/or your surveyor.
• Description Of Property:
The particulars contained in our brochure / advertising / social media are issued by GVM Auctioneers on the understanding that all negotiations are conducted through them. All descriptions, dimensions, etc., included in the particulars, and any statements made by GVM Auctioneers or our representatives, are made in good faith and are not intended to form a basis for any Contract. Any intending purchaser should not rely on them as statements or representations of fact but should satisfy themselves by inspection or otherwise as to the accuracy of same before committing themselves to a Contract. Any maps, plans or photographs in the brochure shall be indicative only and shall not form part of the Contract.
• Guide Price:
The guide price should not be construed as being the selling price of the property and it is the purchaser’s responsibility to decide on how much to bid at the auction.
• Legal Documentation:
Prior to the auction, the solicitor for the vendor will make available the legal documentation in relation to the property, copies of which are available from vendor’s solicitor or GVM Auctioneers Estate Agents. It is important to consult your solicitor in relation to the Contracts / Conditions Of Sale of the property before bidding as you will become legally bound by the said Contract / Conditions Of Sale if you are the highest bidder and the property is knocked down to you.
• Identification:
In order to register, it will be necessary to upload a copy of your passport / driving licence and proof of address, i.e., bank statement, correspondence from a Government agency / source, dated within the last 3 months.
• Registration:
In order to bid at the auction, it will be necessary to register with our office on 061413522, at least 2 business days prior to the auction. The auctioneer assumes the bidder is bidding for himself/herself. If the bidder intends to purchase a Lot in a name other than his or her personal name, arrangements must be made with the auctioneers in advance. By registering you are deemed to have accepted the terms and conditions of the auction and authorise us, as agents for the vendor, to sign the completed Contract for Sale on your behalf.
• Reserve Price:
The price agreed between the vendor and the auctioneer at which the property can be sold. In the event of the property not reaching the reserve, the auctioneer will deal exclusively with the highest bidder (for half an hour following the auction) in order to realise a satisfactory sale. If a deal is not concluded, then the auctioneer may deal with the under-bidders and any other interested parties following that period of negotiation.
• Deposit:
A deposit of 10% of the projected guide price is required in order to bid and this is payable in advance of the auction by online bank transfer. Our bank details will be provided to you at registration. The successful bidder’s deposit will become non-refundable as soon as the property is sold and a binding Contract is entered into and the agents are hereby authorised to sign the Contract For Sale on your behalf. The deposit payable on the signing of the Contract is 10% of the purchase price. If there is a shortfall in the deposit furnished by the purchaser prior to the auction, then the purchaser shall be required to lodge the balance of the deposit with the auctioneers within 1 business day of the online auction. If you are not the successful purchaser, your deposit will be returned to you (in full).
• General Conditions:
The highest bidder to be the purchaser, subject to the right of the owner to withdraw the property should the reserve not be met.
The Particulars and Conditions Of Sale may change prior to the auction and it is the sole responsibility of the bidder to make sure they have the latest version.
The auctioneer reserves the right to sell the property prior to auction, withdraw the property from auction, change the order of the Lots, or consolidate the Lots without any notice to any prospective purchaser.
• LSL Online Platform:
Neither GVM Auctioneers (Estate Agents) or LSL Online Auctions, their servants or agents shall be responsible in any manner whatsoever, whether in contract law, tort, common law or otherwise for any loss arising in whatever fashion as a result of loss of internet connectivity during the auction process. The bidder accepts that such contact is at the bidder’s own risk and in the event that the internet link is not established or breaks down, or if there is any confusion or disruption, then the bidder will not be able to participate in the auction.
