Apartments 1-9, Realt Na Mara, 119, 121 Upper Salthill, Salthill, Co. Galway

€1,150,000

H91N9E5

Apartments 1-9, Realt Na Mara, 119, 121 Upper Salthill, Salthill, Co. Galway

€1,150,000

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Beds
Price	€1,150,000
Property Type	Investment Property
Size	meters²
Energy Rating	BER-C1
Refreshed on	Sep 20, 2024
Eircode	H91N9E5

Description

A prime multi unit residential investment opportunity. Comprising 4 x no 1 bedroom apartments and 5 x no 2 bedroom apartments. Ranging in size from approximately 55 sq m - 86 sq m (592 sq ft - 925 sq ft). Located on The Upper Salthill Road just outside Galway City. Fully vacant and under going renovations (tenant liability). Entire building single let. Lease expiry July 2047. Total current rent reserved 100,000 per annum. Gross Annual Yield 8.69%. The property comprises a portfolio of 9 x apartments situated within a four storey semi detached, purpose built residential block. The apartments are arranged over ground, first, second & third floor and comprise of kitchen/living room, main bathroom and either one or two bedrooms. The entire building is currently undergoing renovations that are being carried out and funded by the tenant.The subject property is located on the Upper Salthill Road just minutes walk from the Salthill Prom and its many attractions. The property is also situated 2km west of Galway City centre with multiple transport links. Notable occupiers within the vicinity includes Omniplex, Seapoint Leisure & The Galway Atlantaquaria. 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 100,000. The lease allows for 5 yearly CPI linked rent reviews.

Accommodation

BER Details

BER: C1 109926303 105.43 kWh/m2/yr

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 4 x no 1 bedroom apartments and 5 x no 2 bedroom apartments. Ranging in size from approximately 55 sq m - 86 sq m (592 sq ft - 925 sq ft). Located on The Upper Salthill Road just outside Galway City. Fully vacant and under going renovations (tenant liability). Entire building single let. Lease expiry July 2047. Total current rent reserved 100,000 per annum. Gross Annual Yield 8.69%. The property comprises a portfolio of 9 x apartments situated within a four storey semi detached, purpose built residential block. The apartments are arranged over ground, first, second & third floor and comprise of kitchen/living room, main bathroom and either one or two bedrooms. The entire building is currently undergoing renovations that are being carried out and funded by the tenant.The subject property is located on the Upper Salthill Road just minutes walk from the Salthill Prom and its many attractions. The property is also situated 2km west of Galway City centre with multiple transport links. Notable occupiers within the vicinity includes Omniplex, Seapoint Leisure & The Galway Atlantaquaria. 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 100,000. The lease allows for 5 yearly CPI linked rent reviews.

Accommodation

BER Details

BER: C1 109926303 105.43 kWh/m2/yr

Lot Number

-

Negotiator

Robert Hefferon

Auction Location

Online - BidX1

Auction Time

2024-10-24 08:00

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Date created: Sep 20, 2024