Glasán Student Village, Ballybane Road, Limerick, Ballybane, Galway
REA O'Connor Murphy
+353 (0)61 279300
PSRA Licence No: 001988
- 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
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: D2 BER No.101099133 Energy Performance Indicator:272.41 kWh/m²/yr