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Lot 45
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1 March 2012 Auction
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| Reserve Price Not to Exceed | €25,000 | | Result | €43,000 |
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Limerick104 Richmond Court
Mount Kennett Place
A Long Leasehold Self-Contained Purpose Built First Floor Two Bedroom Apartment subject to a TenancyON THE INSTRUCTIONS OF THE RECEIVER, SIMON DAVIDSON, HWBC AllsopRESERVE NOT TO EXCEED €25,000TenureLong Leasehold. The property is held on a lease for a term of 650 years from 31st January 1997 (thus having approximately 634 years unexpired) at a current ground rent of €5 per annum.LocationThe property is located to the south-west of Limerick City at the junction of Lower Mallow Street and the Dock Road along the banks of the River Shannon. The property is located approximately 1 km from Limerick city centre. Shannon Airport is 26 km to the west of the City. Local amenities include the Mid Western Regional Hospital, University of Limerick, Limerick Institute of Technology, Thomond Park, Raheen Industrial Estate and various bars, restaurants and shopping centres.DescriptionThe property comprises a self-contained apartment situated on the first floor of a purpose built block arranged over ground and six upper floors. AccommodationThe property was not internally inspected by Allsop Space. The following information was provided by the Receiver.
We understand the property provides:
Reception Room with Kitchen Area, Two Bedrooms, BathroomTenancyThe property is subject to a Tenancy at a rent of €400 per calendar month. The Receiver has not had sight of a tenancy agreement but understands the property is subject to a Tenancy of €400 per calendar month.Seller's SolicitorMessrs Woods Hogan Solicitors
(Ref: Mr Vincent Costello).
Tel: +353 (0)1 882 4343.Current Gross Rent Reserved €4,800 per annum
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