30 Units at Brookfield Hall, Castletroy, Limerick

Sale Agreed

Beds
Price	Sale Agreed
Property Type	Investment Property
Size	meters²
Energy Rating	BER-C2
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Group Name	Murphy Gubbins Chartered Surveyors
Sales License Number	002837

Description

BEST AND FINAL BIDS INVITED BY MIDDAY, FRIDAY, 17TH APRIL 2015. LOCATION: Castletroy is located on the Eastern side of Limerick some 4km from Limerick city centre. It is a well established area and continues to experience some growth, even in this environment, due to improved infrastructure development and continued population influx to the university. Its core attractions include The University of Limerick which provides renowned academic facilities and The Plassey Technology Park which is home to many multinational companies such as Johnson & Johnson, Flextronics and o2. Brookfield Hall is located off the distributor road which provides a direct link between the Dublin Road and the Tipperary/Waterford Road/M7. DESCRIPTION: There are 234 units in the entire development, all located within a courtyard of 8 blocks, all originally student tax designated. This portfolio comprises 28 x 2 beds units and 2 x 3 beds (62 bed spaces) The blocks have dual access points with all floors serviced by a passenger lift. All apartments are fully fitted and equipped to a specification which fulfils Section 50 requirements. All units have double glazed pvc windows, electric storage heating, multichannel tv, free wifi, data points in all rooms and all bedrooms are ensuite. A bus service is provided to and from the college. TENANCY SCHEDULE: The 62 bed spaces are currently occupied. There is a lease in place between the vendor and Asset Management Ireland, the current operator of the entire scheme. TITLE: Freehold/Long Leasehold SERVICES: We understand that all mains services are connected to the properties VIEWING Strictly by appointment only with Murphy Gubbins Chartered Surveyors

Features

• Brookfield hall is a 10 minute walk or a 3 minute drive from the University of Limerick and 4km from Limerick City Centre. • This portfolio comprises 28 x 2 bed units and 2 x 3 bed units (62 bed spaces) • Average return per bed space is €1,700 per annum (net of charges & costs) excluding LPT.

BER Details

BER: C2 - E1

Viewing Details

Strictly by appointment only with Murphy Gubbins Chartered Surveyors. Measurements and descriptions are for guidance purposes and do not form part of any contract. Prices quoted are plus vat if vat is applicable

30 Units at Brookfield Hall, Castletroy, Limerick

Sale Agreed

Description

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