REA O’Connor Murphy are delighted to offer to the market this unique investment opportunity to acquire 8 x 2-bedroom apartments being sold in One Lot. Situated in one of Limerick’s most sought-after locations and developments. The units are spread out over the ground and first floor and are situated in different locations within the Knocklyon development. There is a current passing rental income of €66,900 per annum with an estimated rental income of €76,800 per annum.
Clonmacken is a suburb of Limerick circa 4.2km north of the City Centre. It is accessible via the Ennis
Road and Condell Road. It borders townlands such as Caherdavin to the north and Coonagh to the West. The Ennis Road is one of Limerick’s most sought-after locations and boasts an abundance of amenities. This location is well served with both primary &secondary schools, Jetland Shopping Centre, along with numerous sports clubs including Na Piarsaigh GAA and Shannon Rugby Club, not to mention within walking distance of both Thomond Park and The Gaelic Grounds. Demand for this location continues to grow due to the sustained expansion of the Limerick Institute of Technology, which has recently secured planning for its new campus, which will be based at Coonagh.
Estimated Rental Income of the Portfolio: €76,800 per annum
Assumed Guide Price: €1,200,000
Gross Yield: 6.4%
Management Fee's - To be Confirmed c. €1,000 per annum.
Note: All the above is based on assumptions of rental income and estimated achieved guide price. We also note that tenancies may change between time of going to print and date of sale.
Best Bids Format: All information uploaded to dataroom for inspection. Please contact REA O’Connor Murphy for access (unless previously sold).
Expressions of Interest submitted in writing to REA O’Connor Murphy by 12 noon on Thursday 29th March 2018
Best & Final Bids submitted by contract to REA O’Connor Murphy by 12 noon on Thursday 05 April 2018.
Solicitors: Rachel Carney, Mason Hayes & Curran Solicitors
South Bank House
Grand Canal Dock
Tel: +353 1 6145000
70 Knocklyon 2 bed 2 bath
47 Knocklyon 2 bed 2 bath
63 Knocklyon 2 bed 2 bath
64 Knocklyon 2 bed 2 bath
65 Knocklyon 2 bed 2 bath
66 Knocklyon 2 bed 2 bath
68 Knocklyon 2 bed 2 bath
69 Knocklyon 2 bed 2 bath ff apt 818