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.