Excellent investment opportunity with this three bedroom, three en-suite first floor apartment in excellent condition and located in the popular purpose built student village of Brookfield Hall which is only a 15 minute walk from the University of Limerick. The property consists of an entrance hall, spacious open plan kitchen/living/dining room and three ensuite bedrooms. It has electric storage heating, double glazed windows, wi-fi & an intercom system to the main entrance. All the furniture and contents are included. Laundry facilities and a TV/Games room are located on site. There is ample free car parking located throughout the apartment complex. The facility is very well maintained.
Rental income: The complex is operated by the management company who do all lettings, rent collection and property maintenance. There is a pooled rent system in operation ie the rental income is divided equally between all the owners and the amount depends on overall occupancy rates and number of bedrooms per apartment. The complex was fully let for both semesters this year.
Net income per year for this apartment is €4,943.
Management fees - €1,696.
Entrance hall - 4.96m x 2.90m. Laminate wood floor.
Kitchen / Living room - 10.00m x 3.71m. Fully fitted kitchen with electric oven & hob, extractor, tiled floor and backsplash. Living area with laminate floor.
Bedroom 1 - 6.20m x 2.93m. Double bedroom with study area, wardrobe, carpeted floor. Ensuite with wc whb and shower.
Bedroom 2 - 5.05m x 2.91m. Double bedroom with study area, wardrobe, carpeted floor. Ensuite with wc whb and shower.
Bedroom 3 - 5.05m x 2.87m. Double bedroom with study area, wardrobe, carpeted floor. Ensuite with wc whb and shower.
* The village is manned by 24 hour security and CCTV.
* Full maintenance service & refuse collection.
* On site Reception and on site manager.
* On-site laundry facilities.
* Cable TV & unlimited wifi Broadband. Ample free parking
* Fob entry system, intercom facility.< ...