Price on Application - For Sale|
For Sale by Private TreatyRiverville & Riverweir, Oakview Village, Tralee, Co. KerryMulti Family Investment OpportunityTenants Not Affected
Excellent opportunity to acquire two modern residential development blocks in an established and sought after residential location on the northern periphery of Tralee Town.The investment comprises 46 apartments (26 no. one bed apts and 20 no. two bed duplex apts) which form part of the Oakview Village development. Block 1 – River Ville – 13 One Bed Apartments and 10 Two Bed ApartmentsBlock 2 – River Weir - 13 One Bed Apartments and 10 Two Bed Apartments100% occupied and let producing a combined existing gross rental income of €360,876 p.a. and an estimated rental income of €406,800 per annum occurring in 2017.The majority 42 of the 46 apartments have the benefit of own door access therefore minimal common areas to be maintained thus maximising the net adjusted income.Tralee has seen large y-o-y residential rent increases, with strong demand for rental properties within the town.