5 Railway Square, Waterford City Centre, Co. Waterford

This property at 5 Railway Square, Waterford City, offers exceptional potential and is ideal for a small builder or investor. Located just 200 meters from Waterford's vibrant entertainment district, The Apple Market, this property presents an outstanding opportunity. Currently in need of significant refurbishment, the property has been vacant for over two years and may be eligible for the Vacant Property Refurbishment Grant, which offers up to 50,000 for vacant properties or up to 70,000 for derelict properties, subject to application and approval. This grant can be used for refurbishment either for personal occupancy or rental purposes. Additionally, the SEAI Better Energy Home Scheme may provide grants of up to 26,750 for energy-efficient upgrades. For more information on the Vacant Property Refurbishment Grant, visit gov.ie. Details on the SEAI grant can be found at seai.ie.
Spanning over 100m, the property has the potential to accommodate four generously sized bedrooms, offering an excellent rental yield, especially as it is located outside of the RPZ (Rent Pressure Zone).
For further information, please contact Quinlan Auctioneers at 051 338888.