A receiver is about to sell 60 luxury apartments in Cavan town at prices which are only about one third of what they were when first launched.
Located at Farnham Court, close to Cavan General Hospital and the town centre, the one-bedroom units range in size from 47sqm and in price from €70,000 for a ground-floor unit up to €73,000 for second-floor units. The two-bedroom homes range in size from 74sqm and in price from €83,000 for a ground-floor unit up to €88,000 for a third-floor penthouse.
All come with high-quality specifications including under-floor heating, fully fitted kitchens, wooden floors, electrical appliances and attractive bathroom tiling. The two-bedroom units have an en suite in addition to the guest bathroom.
Buyers also have the option of buying furnished units for an extra €3,000 to €4,000.
Because of is proximity to the hospital, the agents, Gunne Reynolds, says there is good rental potential. Some units have been renting in a range of €450/€500 per month for one-bedroom units and €550 to €600 per month for two-bedroom units.
The launch is scheduled for February 19.
Monday, February 14, 2011
Receiver cuts Cavan prices - Independent.ie