Description
Accommodation
BER Details
Lot Number
Negotiator
Auction Location
Auction Time
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Beds | |
Price | €1,350,000 |
Property Type | Investment Property |
Size | meters2 |
Energy Rating | BER-D1 |
Refreshed on | Sep 20, 2024 |
Eircode | H91WF80 |
Description
A prime multi unit residential investment opportunity. Comprising 6 x no 3 bedroom apartments and 4 x bedsits. Ranging in size from approximately 31 sq m - 84 sq m (333 sq ft - 904 sq ft). Located on Atalia Road in Galway City. Inclusion of 6 surface car parking spaces. Entire building single let. Lease expiry July 2047. Total current rent reserved 120,000 per annum. Gross Annual Yield 8.80%. The property comprises a portfolio of 10 x units situated within a five storey detached, purpose built residential block. The apartments are arranged over ground, first, second, third floor and fourth floor and comprise 6 x no 3 bedroom apartments and 4 x bedsits. The property benefits from the inclusion of 6 surface level car parking spaces and a dedicated bin storage area. The subject property is located on Atalia Road just minutes walk from the Eyre Square and its many attractions. The property is also situated 900 metres from Galway Train and Bus stations. The subject property is single let to an individual on a 30 year FRI lease from 1st August 2017 at an annual contracted rent of 120,000. The lease allows for 5 yearly CPI linked rent reviews.
Accommodation
BER Details
BER: D1 Available from BidX1 Available from BidX1
Lot Number
-
Negotiator
Robert Hefferon
Auction Location
Online - BidX1
Auction Time
2024-10-24 08:00
Date created: Sep 20, 2024