DTZ Sherry FitzGerald has recently launched an impressive residential investment opportunity to the market in Galway city. The property comprises a total of 28 apartments available in three lots as follows.
Lot 1 is a block of eight apartments known as Cor Boise on the Tuam road on the outskirts of Galway city, producing a gross income of €68,340 per annum. Lot 2 consists of 20 apartments within two blocks in the Sraith Fhada estate in Doughiska on the east side of Galway, producing gross income of €159,960 per annum. Lot 3 is the entire 28 units. The properties have strong potential from a rental and capital appreciation perspective and are located in excellent rental locations.
Sean Coyne of DTZ Sherry FitzGerald noted: “The Galway rental market continues to perform very strongly with demand substantially outstripping supply at present. Average rental levels in the city grew approximately 13 per cent during 2015, and with very limited stock likely to be added to that rental market in the foreseeable future there is potential for further rental growth going forward which makes these properties particularly attractive.”
For more information contact DTZ Sherry FitzGerald at 091 569181.