Apt. 4 Block 7 The Gateway, Ballinode, Sligo, County Sligo

€100,000

Beds	2 beds
Price	€100,000
Property Type	Apartment
Size	67 meters²
Energy Rating	BER-D1
Refreshed on	Sep 2, 2024
Eircode	F91 PP59

Description

INVESTMENT PROPERTY ONLY (The Purchaser cannot live here) The Gateway Apartments is a purpose built Student Accommodation Complex located within the grounds of Sligos Atlantic Technological University. Great location for 3rd Level Students as the College is literally only a minutes walk away & Sligos town centre less than 5 minutes. This Complex is fully contained for all Students requirements with ample parking and an excellent Management Company. Located on the Ground Floor of Block 7, this is an excellent opportunity for those who want a hassle free investment and do not want to deal directly with their Tenants. Investments such as this provide an excellent yield on your money & in addition you have the opportunity to purchase a property that will continue to increase in value. The Management Company operate on a Pooled Rent system, which involves an Annual Service Charge for maintenance & up-keep of the common areas & individual units. A Sinking Fund is also in operation to cover any future major maintenance & repairs for this multi-unit complex. Net Rental Income for this 2 Bed Apt. is approx. 11,000, however, this varies year on year given the Pooled Rent System.

Accommodation

Kitchen/Living/Dining Room - 5.31m (17'5") x 4.46m (14'8") Full built-in-kitchen Bedroom 1 - 3.3m (10'10") x 2.71m (8'11") Double Bed WHB & Built-in-Wardrobe Bedroom 2 - 4.57m (15'0") x 3.4m (11'2") Double Bed & Single Bed WHB & Built-in-Wardrobe Bathroom - 2m (6'7") x 1.87m (6'2") WC, WHB & Shower

Features

Electric Storage Heating
Fully Furnished
PVC Windows & Doors
Communal Parking
2023 Net Return - 11,000

BER Details

BER: D1
BER No: 101147031
Energy Performance Indicator: 257.01 kWh/m2/yr

Negotiator

David Reynolds

Description

Accommodation

Features

Electric Storage Heating
Fully Furnished
PVC Windows & Doors
Communal Parking
2023 Net Return - 11,000

BER Details

BER: D1
BER No: 101147031
Energy Performance Indicator: 257.01 kWh/m2/yr

Negotiator

David Reynolds