FOR SALE BY FORMAL TENDER
CLOSING DATE FOR TENDERS
6th April 2018
A rare opportunity to purchase a portfolio of 22 houses.
Six No. 5 Bed Detached and sixteen No. 3 Bed Semi's.
Let on varying residential agreements.
20 of the 22 units are currently generating a rent of €119,395 per annum increasing to approx €134,995 per annum when the vacant properties are re-let.
The majority of the residential properties are let at below market rent. If all 22 units were let at current market rent an annual gross rent roll in the region of €182,000 could be achievable.
The Letterkenny rental market is performing extremely strongly with demand outstripping supply.
Opportunity to refurbish units and increase letting / sale value.
The BER's for the 22 units range from B3 to D1. Individual BER details are available on request from our office.
BER No: 100708494
Performance Indicator: 147.88
Having passed the Aura Leisure Centre on the left take the R250 west towards Fintown / Glenties / Dungloe, take the third exit at the roundabout into the Ballymacool Residential development.
Strictly by appointment with Sherry FitzGerald Letterkenny on 074 9122211