Apartment offers ringside seats for the Volvo Ocean Race

Living room.

Living room.

Property Partners Maxwell Heaslip & Leonard has brought to the market a quality three bed duplex city centre apartment with amazing Galway Bay views, located at No 15 Hynes Yard. This home includes a designated car park space. While the property has been on the market for the last few weeks, the asking price has now been slashed from an original asking price of €249,000 to just €189,000.

The c1,073sq ft of space is over two levels with the upper floor comprising three bedrooms – the master includes a walk-in-wardrobe, en suite, and sliding door to private balcony – a bathroom, and a large walk-in hot press. The lower level includes a guest toilet, a utility, and a large kitchen/sitting room. The sitting room, with an electric fireplace, offers spectacular bay and marina views, and includes access to the private balcony via sliding doors. Again, this aggressively reduced price is for a limited period and, according to agent Fergal Leonard MIPAV, “The vendor has insisted that a sale must be achieved with contracts signed before the year end”. The reduced €189,000 price tag is also open to offers, subject to the immediate signing of contracts.

This is an incredible investment opportunity, as this property has never been unoccupied since being built.

Today, the rental market with Property Partners Maxwell Heaslip & Leonard is running at 98.55 per cent occupancy, so needless to say there are fewer properties out there that offer such value. The purchase of this property will return a seven per cent yield to the buyer, which obviously far outstrips any deposit rate return. Don’t forget it has a designated car park space. With more people choosing to rent in today’s market the purchase of this property will give you an immediate return, and with its location rental into the future will never be in doubt.

“With next year’s Volvo Ocean Race only around the corner, this is an ideal opportunity to purchase this property which will offer a bird’s eye view of the festival village and all the marina activity,” Mr Leonard added. “Also, demand for rental properties in this exceptional location is likely to be at an all time high.”

Call Fergal Leonard at Property Partners Maxwell Heaslip & Leonard on (091 ) 565261 to arrange a viewing.

 

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