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REA Spratt offer for sale by online auction on Friday 27th February at 11 am this imposing and attractive four storey terraced property located in the heart of Waterford City. The building is currently laid out as four self-contained one bedroom apartments, presenting an excellent investment opportunity with strong rental potential. The property lends itself to a number of potential uses, and while refurbishment works are required, it offers purchasers the chance to upgrade and enhance a substantial building in a highly accessible location, making it an appealing opportunity for investors. To the rear, the property benefits from a number of outbuildings and valuable off street parking, a much sought-after feature in a city centre location. Access is provided via a secure gated vehicular entrance from Spring Valley Lane, with an independent pedestrian gate also available. No. 5 Parnell Street is within easy walking distance of a wide range of amenities and services to include City Square and Georges Court Shopping Centres, cafés, restaurants, pubs, Waterford College of Further Education with the Viking Triangle, Cultural attractions, and the Quays are also nearby. Excellent public transport is available, with regular bus services serving the area and Waterford (Plunkett) Train Station within an easy walk. This property offers the successful purchaser the opportunity to apply for the Vacant Property Refurbishment Grant of 50000 euros (subject to meeting the criteria). If the refurbishment costs exceed the standard grant of up to ?50,000, a top-up grant amount of up to ?20,000 is available. REA Spratt highly recommend viewing this impressive building.
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