Investment Summary:27 Completed houses comprising of 25 x 3 Bed Units and 2 x 4 Bed Units.Site for Sale : Undeveloped site of approx. 0.43 acres (0.17 hectares).Rental Income : €320,000 per annum (approx) (Ex Vat)
Excellent opportunity to acquire modern residential development in an established and sought after tourist location within the village of Bunratty, Co. Clare.Investment comprises of 27 completed houses (25 no. three bed units and 2 no. four bed units) in addition to an undeveloped site of approx. 0.43 acres (0.17 hectares) and a Caretakers office.
The Bunratty West Holiday Village Complex comprises of 28 units in total set on a site area extending to approx. 3.46 acres (1.40 hectares). The units subject to sale comprise of unit numbers 2 – 23 & 25 – 29.Unit 1 comprises of the undeveloped site situated to the front of the complex.This site previously had a grant of planning permission for a commercial / tourism development incorporating a café / restaurant. Grant of planning has since expired (Ref 07/2837).We understand the gross rental income (ex Vat) before allowing for the deduction of management costs and outlays to be in the region of approx. €320,000 per annum.Potential to increase current rent roll through active asset management.Rents and capital values are forecast to continue to strengthen throughout 2017/2018.Offers sought in excess of ¤2.5m (excl. VAT).This reflects a Gross Initial Yield of approximately 12.80%. (excl. management charges and outlays)Available as a single lot only.Tenants not affected.
DescriptionBunratty West Holiday Village comprises of 28 well constructed and maintained residential units set on a site extending to approx. 3.46 acres (1.40 hectares).The scheme was built circa. 2006. 27 of the units are subject to sale in addition to an undeveloped vacant site situated to the front of the complex.The units subject to sale comprise those numbered 2 – 23 and 25 – 29. House No. 24 is excluded and does not form part of the sale.
Each unit has benefit of own door access with car parking provision to frontLaundry room and toilet at ground floor level with private garden to rearLarge open plan kitchen & living areas with contemporary fitted kitchensLiving/Dining areas fully fitted to include feature gas fire placesPrimary fuel source for space heating and hot water is gasEach of the units are fully furnished with all contents included in the saleLandscaped spacious green areas with all estate roads maintained to higheststandardsMajority of units benefit from cut stone facades with all units having natural slate roofs and timber frame sliding sash windowsUnits vary in size from approx. 127 sq. m. to 130 sq. m. (1,367 sq. ft. – 1,400 sq. ft.)
C1-C2 Nos. Available upon request