- Net Rent €8700 in Pooled Rental System
- Owner Occupier Service Fee's €1800 per annum
€130,000 - Guide Price For Sale by Auction 76 sqm approx
Next Viewing: Thursday, 26th April, from 16:30h to 17:00h
Auction: 3rd May 2018 13:00h, Leopardstown Pavilion
Sherry FitzGerald are delighted to offer No. 4 Cuirt na Rasai for sale by Auction. This ground floor two bedroom apartment is in an excellent location with easy access to GMIT, Galway City Centre and the M6/M18 motorways.
The property is located in a complex of 32 units only and serves predominately as a student village to GMIT College and as self-catering accommodation during summer months. There is a shuttle bus from the complex to the college and the Briarhill Shopping Centre is in the immediate vicinity. The M6 Dublin/Galway motorway is within minute’s drive with the City Centre within ten minutes from the property.
The accommodation comprises 2 bedrooms (1 double and 1 twin), open plan kitchen/living area and bathroom. The property has electric heating with secure coded door entrance. There is a management company on site who deal with the rental of the property throughout the year and the development on a day to day basis. The net rental income for 2017 was €8,700 which is an approx. net return of 6.7% on asking price.
For owner occupiers the annual service fee is €1,800.
This is an excellent investment opportunity in a modern small complex and a viewing can be arranged by appointment.
Kitchen/Dining/Living Room; Large room with laminate timber flooring in living and dining area to front. Coved ceiling, tiled flooring in kitchen with wall and floor units and splashback tiling. Electric oven, hob and extractor.
Bedroom 2;Twin room with two double beds, two study desk units, wardrobe, laminate timber flooring.
Bedroom 1; Double bedroom, laminate timber flooring, wardrobe, study desk unit.
Bathroom; Fully tiled, bath with overhead shower, wc. and whb.
Fully Managed Property Development
Ground Floor 2 Bedroom Apartment
Electric Storage Heating
Mains Water and Sewage
Pooled Rental System
Year of Build 2002
Communal parking to front with communal gardens maintained to a very good standard throughout. Bin Storage shed and laundry room externally.