Property Partners Paul Reynolds are delighted to bring to the market
this excellent investment opportunity.
We are offering for sale 9 no. two bedroom apartments within the centrally located
Burnside complex at Lower Main Street, Letterkenny.
All apartments are currently leased on a 20 year lease
Which commenced in 2019
Offering a yield of in excess of 5%
Tenant is an Approved Housing Agency.
Accommodation
General Accommodation
• Hallway 3.0m x 1.3m
• Open Plan Kitchen/Dining/Living Area 8.25m x 3.5m .
• Bedroom 1 3.5m x 3.0m
• Bedroom 2 3.0m x 2.6m
• Shower Room
Features
• 9 No. two bedroom apartments
• Central location on Lower Main Street, Letterkenny
• Constructed 1997
• Electric storage heating
• Currently leased on a 20 year lease – due to cease 2039
• 3 yearly reviews – last review seen 9.38% rent increase
• Annual service charge – 900.00 per apartment
• Tenant is an Approved Housing Agency
BER Details
BER: D2
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