O’Donnellan & Joyce auctioneers is offering a fantastic investment opportunity to acquire three apartments at the Greenfield Apartments, Greenfield Road, Newcastle, in one lot.
Built in 2003, these apartments are located in a quiet residential area, directly opposite Corrib Village and just minutes from NUIG and UHG. The apartments offer excellent rental opportunity due to their much sought after location.
The Greenfield Apartments comprise a spacious block of four apartments, three of which — two one bed apartments and one two bed apartment — are being brought to the market. The apartments are of mirror image to each other and each has its own private entrance.
Apartment 1 is a two bedroom apartment and has an entrance stairway leading to the first floor which hosts a double bedroom with walk-in wardrobe and views to the rear of the property. The main bathroom and spacious open plan kitchen/living area can also be found on the first floor, while the sizeable second bedroom is on the second floor and hosts an en-suite.
Apartments 3 and 4 are on the ground floor and have a similar layout to each other. Each unit has a spacious open plan kitchen/sitting room, with hidden storage in the hallway, bathroom, and bedroom.
The apartments offer potential rent of c€21,000 per annum. All of the units are currently let and the apartments are being sold with tenants in place. At a sale price of €280,000 there is a potential gross yield of 7.5 per cent.
According to O’Donnellan & Joyce this is a superb investment opportunity. The apartments would appear to be the perfect opportunity for an investor who is looking for a property that requires little effort as tenants are already happily in place.
For full details contact Aimee McGee or Mark Forsyth of O’Donnellan & Joyce auctioneers, Mary Street, Galway, 091 564212.
