O’Donnellan and Joyce has announced the sale of Moneenageisha Court, offering an opportunity to acquire a self-contained freehold estate with a mix of residential units in an excellent location.
The development comprises 25 units — 16 houses and nine apartments. The houses are a mix of terraced, semidetached, and detached. Of the nine apartments there are seven two-bed apartments and two one-bed apartments. The entire site spans approximately 0.75 hectare (1.87 acres ).
The majority of the units are the same layout and in that regard are easily managed. The estimated rental value for the development is €227,100 a year, which equates to a gross yield of approximately 10 per cent. Moneenageisha Court offers investors an ideal opportunity to acquire and control a self-contained estate.
The estate is ideally located opposite Galway’s financial services centre, the Huntsman Bar and Hotel, the g Hotel, Eye Cinema, and many more facilities. The Sportsground, home of Connaught Rugby, is located just minutes away. The colleges of GMIT and NUIG are both located within a 15 minutes walk of the development. Moneenageisha Court, due to its superb location, offers a solid return with a guaranteed rental income.
“We expect interest in this development to be very strong,” said Mark Forsyth of O’Donnellan & Joyce auctioneers. “The opportunity to take control of an entire development in such a central location does not present itself very often.”
For full details contact Colm O’Donnellan or Mark Forsyth of O’Donnellan & Joyce auctioneers, Mary Street, Galway, at (091 ) 564212.