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Apartments 1-10, Salt Lake Apartments, Lough Atalia Road, Co. Galway

€1,350,000 Energy Rating H91WF80
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Apartments 1-10, Salt Lake Apartments, Lough Atalia Road, Co. Galway

€1,350,000

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Beds
Price €1,350,000
Property Type
Size meters2
Energy Rating BER-D1
Refreshed on Sep 20, 2024
Eircode H91WF80

Description

A prime multi unit residential investment opportunity. Comprising 6 x no 3 bedroom apartments and 4 x bedsits.  Ranging in size from approximately 31 sq m - 84 sq m (333 sq ft - 904 sq ft). Located on Atalia Road in Galway City. Inclusion of 6 surface car parking spaces.  Entire building single let. Lease expiry July 2047. Total current rent reserved 120,000 per annum. Gross Annual Yield 8.80%. The property comprises a portfolio of 10 x units situated within a five storey detached, purpose built residential block. The apartments are arranged over ground, first, second, third floor and fourth floor and comprise 6 x no 3 bedroom apartments and 4 x bedsits. The property benefits from the inclusion of 6 surface level car parking spaces and a dedicated bin storage area. The subject property is located on Atalia Road just minutes walk from the Eyre Square and its many attractions. The property is also situated 900 metres from Galway Train and Bus stations. The subject property is single let to an individual on a 30 year FRI lease from 1st August 2017 at an annual contracted rent of 120,000. The lease allows for 5 yearly CPI linked rent reviews.

Accommodation

BER Details

BER: D1 Available from BidX1 Available from BidX1

Lot Number

-

Negotiator

Robert Hefferon

Auction Location

Online - BidX1

Auction Time

2024-10-24 08:00

Description

A prime multi unit residential investment opportunity. Comprising 6 x no 3 bedroom apartments and 4 x bedsits.  Ranging in size from approximately 31 sq m - 84 sq m (333 sq ft - 904 sq ft). Located on Atalia Road in Galway City. Inclusion of 6 surface car parking spaces.  Entire building single let. Lease expiry July 2047. Total current rent reserved 120,000 per annum. Gross Annual Yield 8.80%. The property comprises a portfolio of 10 x units situated within a five storey detached, purpose built residential block. The apartments are arranged over ground, first, second, third floor and fourth floor and comprise 6 x no 3 bedroom apartments and 4 x bedsits. The property benefits from the inclusion of 6 surface level car parking spaces and a dedicated bin storage area. The subject property is located on Atalia Road just minutes walk from the Eyre Square and its many attractions. The property is also situated 900 metres from Galway Train and Bus stations. The subject property is single let to an individual on a 30 year FRI lease from 1st August 2017 at an annual contracted rent of 120,000. The lease allows for 5 yearly CPI linked rent reviews.

Accommodation

BER Details

BER: D1 Available from BidX1 Available from BidX1

Lot Number

-

Negotiator

Robert Hefferon

Auction Location

Online - BidX1

Auction Time

2024-10-24 08:00
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BidX1 Ireland Ltd
BidX1 Ireland Ltd
Tel: 01 66...
PSRA Licence No. 001652

Date created: Sep 20, 2024

BidX1 Ireland Ltd
BidX1 Ireland Ltd
PSRA Licence No. 001652
Call Agent: 01 66...