105 The Laurels, Tullow Road, Carlow Town, Co. Carlow, R93 Y5P8

Carlow Property are delighted to bring to the market this investment opportunity.This property ideally located a short drive to all services and amenities, from local primary and secondary schools and supermarkets. The accommodation consists of an entrance hallway, living room, a bright opening plan kitchen/dining room with patio door opening out to a private rear garden. The first floor comes with three bedrooms and the family bathroom.

The property is currently just over half way a long term lease with Carlow County Council making this an ideal long term investment opportunity. There is currently 162 contractual months remaining with the County Council and the vendor, this will pass to the new owner without issue. The details of said lease in brief are as follows: the current rent is €9,480 per annum, this is subject to a biannual increase based off the Consumer Price Index rental increases. To date this has been averaging at over 2%, per increase. This will translate into an estimated value of the remainder of the lease to be €135,374.

The conditions of this lease are that the County Council are responsible for all general maintenance, managements, refurbishment, appliances, furniture and repairs. Should the property become vacant for any reason the rent will also remain a guarantee by the council. The owner responsibilities are to insure the property structure and to carry out any necessary repairs to the roof should they arise. The property is being sold fully furnished and all items supplied at the commencement of the lease will need to be left in similar condition or replaced by the council when the lease ceases.

For any further information on the above please contact our office.