6 x 2 Bed Apartments at Cois Luachra, Dooradoyle, Limerick

Sold Energy Rating2 beds2 baths60 m2
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Description

Murphy Gubbins are pleased to bring this exciting investment opportunity to the market. Located in Cois Luachra, a popular development located opposite the Crescent Shopping Centre, the portfolio comprises 6 two bedroom apartment units spread across 3 blocks. Unit numbers are as follows: 109, 119, 120, 128, 129 and 137. Each block has intercom and key fob access. The apartments are laid out to provide kitchen, living/dining, two bedrooms, one ensuite and main shower room. They are well furnished and fitted with plastered painted walls and ceilings, laminate or carpet flooring with tiles in the kitchens and bathrooms. They have all been refurbished prior to their last letting. The units are fully let and are currently generating an annual income of €91,146 per annum. Management fees €1,200 per unit per year. Limerick City is the third largest city in Ireland with a population of 191,809, approximately 100,000 people live in the city and suburban areas. Dooradoyle is located c. 5km from Limerick City Centre and is largely urban in nature having experienced considerable population increases in recent years. Dooradoyle accommodates a number of regionally important assets such as the University Hospital Limerick, the Crescent Shopping Centre, the Limerick City and County Council offices as well as Raheen Business Park which houses Regeneron, Dell and a number of other important multinational operators. Cois Luachra is adjacent to the Crescent shopping centre and it comprises 138 residential units in its entirety. The development comprises a mixture of semi-detached, apartments and duplex residential dwellings. The common areas are well maintained and comprise ample parking and mature open green space. Price region 7% yield on gross rent.

BER Details

BER: C1 - D1

Viewing Details

Strictly by appointment only with Murphy Gubbins Auctioneers
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Murphy Gubbins Chartered Surveyors
Murphy Gubbins Chartered Surveyors
Tel: 061 5...
PSRA Licence No. 002837

Date created: Jul 18, 2022

Murphy Gubbins Chartered Surveyors
Murphy Gubbins Chartered Surveyors
PSRA Licence No. 002837
JC Gubbins BA MSCSI MRICS.
Tel: 061 5...
Call Agent: 061 5...