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Pairc Na Coille, Showgrounds Road : SALE AGREED

Property Details

Quinn Property Management are delighted to present to you this fantastic two bed semi detached bungalow located off the Showgrounds Road in the Pairc na Coille development. The property is being offered at an asking price of 160,000. This exceptional property is being sold with the benefit of a strong lease to the local authority which is currently providing a gross rental income of 8256 per unit per annum, this offers a potential purchaser an attractive gross yield of approximately 5.2%.

The property is circa 76 sq. meters and provides:
Entrance hall,
Two double bedrooms (one ensuite),
Wet room,
Living room,
Dining room and kitchen.
Gas Fired Central Heating
BER C3 rated

The property is rented out on long term leases to the local authority, with circa 14 years remaining on same (expires Dec 2035). There are rent reviews every three years from year 2 referencing CPI Rental Sub Indices on the leases with no break options. Further details in relation to the lease covenants available on request. Please note the tenant is not affected by this sale and the property is being sold with the tenant in situe, vacant possession is not available. The residential tenancies act does not apply to these tenancies.

The property was updated circa 6 years ago, and comes to market fully fitted/furnished with the local authority responsible for the internal repair and maintenance. The property may appeal to investors or private pension funds, seeking a secure rental income with little or no maintenance necessary. The purchase comes with the benefit of a shared ownership agreement of the respective common areas and a respective share in the common area day room located onsite. Please note there currently is a planning restriction in relation to the use of the property further details available from the sole selling agent.

Located on Showgrounds Road, one of the premier residential addresses in Ennis, Pairc na Coille is located adjacent to both the Ennis Rugby Club and the Clare Showgrounds. Ennis Golf Club is located within 250 m of the village. Owing to its central location within the town all local amenities are within easy reach of the community including shops, supermarket, churches etc. Pairc na Coille is a community of 27 purpose built modern bungalows set on a landscaped site, adjoining Pairc na Coille, Ennis Nursing Home and Pairc na Coille Apartment Block.

Any intending purchaser(s) shall accept that no statement, description or measurement contained in any newspaper, brochure, magazine, advertisement, handout, website or any other document or publication, published by the vendor or by QPM, as the vendor agent, in respect of the property shall constitute a representation inducing the purchaser(s) to enter into any contract for sale, or any warranty forming part of any such contract for sale. Any such statement, description or measurement, whether in writing or in oral form, given by the vendor, or by us as the vendor agent, are for illustration purposes only and are not to be taken as matters of fact and do not form part of any contract. Any intending purchaser(s) shall satisfy themselves by inspection, survey or otherwise as to the correctness of same. No omission, misstatement, mis description, incorrect measurement or error of any description, whether given orally or in any written form by the vendor or by QPM as the vendor, agent, shall give rise to any claim for compensation against the vendor or against QPM, nor any right whatsoever of rescission or otherwise of the proposed contract for sale. Any intending purchaser(s) are deemed to fully satisfy themselves in relation to all such matters.


Price: €160,000

Pairc Na Coille
Showgrounds Road
Co. Clare

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