DTZ Sherry FitzGerald Galway have just launched on the market the sale of Gate Lodge on the Dublin Road in Athlone.
Gate Lodge comprises a self-contained student accommodation block of 18 apartments situated opposite Athlone Institute of Technology. The property enjoys full occupancy with a gross rental income for the 2015/2016 academic year projected to be in the region of €150,000. The property presents very well and has been kept in excellent order.
Gate Lodge also benefits from Section 50 capital allowances and represents an excellent investment opportunity with considerable future income growth potential. DTZ Sherry FitzGerald are quoting €1,100,000 for the property with bids required no later than 12 noon on Friday, October 30.
Further details can be acquired from DTZ Sherry FitzGerald on (091 ) 569181.