O’Donnellan & Joyce auctioneers has brought to the market 10 units at Gleann na Rí, Dublin Road, Galway. The units are for sale as one lot and comprise a mixture of two and three bedroom apartments. All units are well finished and are currently fully let, generating a gross yield of 13 per cent. This is an opportunity to acquire quality investment properties in an excellent location, within a few minutes walk of GMIT, Merlin Park Hospital, and the Bon Secours.
The apartments are an ideal investment opportunity for anyone looking for a good rental return or for those who want to ensure their children have quality accommodation for their college years. The potential rent on the apartments is c€81,000. The properties comprise two three bedroom units, five two bedroom units, and three two bedroom units, with C3 BER ratings.
The Gleann na Rí complex is very well serviced with local hotels, bars, restaurants, and shops all located nearby. The management agent is also located just outside the electronic main gates which makes the complex very secure.
These apartments represent excellent value for any investor, with sustainable rents available from a strong professional and student market together with a very professional and well organised management agent.
The rear of this block, Tí Fhiaca, overlooks green fields and has a southwesterly aspect onto the Atlantic Ocean. The units are on the market with an asking price of €640,000.
For full details contact Mark Forsyth of O’Donnellan & Joyce on (091) 564212.