Apt 96, Block 5 The Village, Clarion Road, Sligo, County Sligo , F91 TE24Guide price €60,000
2 Bedroomed second floor apartment
2 bedrooms with 2 ensuites located in purpose built and fully managed student accommodation complex.
This is an excellent investment opportunity for those that do not want to deal directly with their tenants. Investments such as this provide an excellent yield on your money and in addition you have the opportunity to purchase a property that will continue to increase in value.
Clarion village is located within walking distance of Sligo IT, Sligo University Hospital and The Clayton Hotel. The complex is fully contained for all student requirements with ample communal parking, and an excellent Management Company.
The Management Company operate a pooled rental system which involves an annual service charge for maintenace and upkeep of the common areas and individual units. A sinking fund is also in operation to cover any future major maintenance and repairs for this multi unit complex.
Nett rental income for 2 bed and 2 ensuite apartments for academic year 2019-2020 was €5,316, but was much less for academic year 2020-2021 due to Pandemic. It is expected that rents for this coming academic year 2021-2022 will return gradually to pre-pandemic levels.
Kitchen/Living area: 6.5m x 3m
B/R 1: 4m x 3m plus ensuite 1.6m x 1.8m
B/R 2: 2.8m x 2.7m plus ensuite 1.6m x 1.8m
For viewing and further details contact agents on 071 9185050 / 0876810848
BER No.: 101427474
Energy Performance Indicator: Not provided