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Glasán Student Village, Ballybane Road, Limerick, Ballybane, Galway

€4,300,000

Features

  • Excellent location directly opposite Galway Mayo Institute of Technology
  • 28 Student Accommodation Units
  • 6 Commercial Properties
  • Close to all essential amenities
  • Close to Main National Road Network
  • Close to Town Centre
  • Electric Storage Heating
  • Landscaped Gardens

Location

Description

Investment Opportunity

The subject portfolio comprises 28 student accommodation units along with 6 commercial units all situated within the Glasán Student Village.

The properties extend to a mixture of Apartments, Maisonettes, and Townhouses. They are situated in various locations throughout the complex. There is a variety of accommodation layouts throughout the subject properties. Contained within the subject portfolio is;

• 9 (x2 bedrooms)
• 14 (x3 bedrooms)
• 5 (x4 bedrooms)
• 6 Commercial Units

The properties comprise a mixture of Apartments, Maisonettes and Houses.

The entire portfolio comprises a passing rental income of €555,237 per annum.
The student accommodation is producing a rental income of €412,566 per annum.
The commercial element is producing a rental income of €142,671 per annum.(There are no formal lease agreements in place on the commercial units).

Figures provided are based on a 42 week period. The term can vary from 39-42 weeks.

Best Bids Format: All information uploaded to a dataroom for inspection. Please contact REA O'Connor Murphy for access.

Expressions of Interest: Submitted in writing to REA O'Connor Murphy by 12 noon 13th June 2019.

Solicitors Details: John O'Donoghue, Philip Lee, 7-8 Wilton Terrace, Dublin 2

Best & Final: Submitted by contract to REA O'Connor Murphy by 12 noon 20th June 2019.

BER Details

BER: D2 BER No.101099133 Energy Performance Indicator:272.41 kWh/m²/yr

  • BER ranges from E1-D1