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Sale Agreed

7 Old College Hall, Ard Nua, Ballinode, Sligo

2 beds Apartment 1 bath 685 ft 2 Energy Rating


Description

This two bedroom, first floor student accommodation apartment is situated in the attractive Ard Nua Village, close to IT Sligo. The accommodation is very well presented throughout. This is an excellent investment property.

This is a very well presented first floor, two bedroom apartment. The property can sleep 4 persons. The finish & the location of the property are of the highest quality & investment returns at this location are very good. The stair access leading to the apartment is only for the use of this apartment & is not shared with any other unit.

Location
Ard Nua is a student village which was developed in circa 2005. It is situated within 500m of IT Sligo. All units within the scheme are used for letting to students attending IT Sligo & also for students attending St. Angela's College. Sligo town centre is within a 5 minute drive of this development.

Outside
All the grounds outside of the dwelling are communal spaces held & managed by the overall Management Company for the development. The common areas are very well maintained, well planted & are maturing nicely.

Rental Income:
We are advised that the Projected Net Rental Income for the 9 month period of September 2017 – May 2018 would be approx. €6,426.07.

Management Company:
Property Plus – O Sullivan McGoldrick. E: info@ardnua.com / jonathan@osmg.ie

Deductions:
Service Charge – contribution to Management Company: 21.5% of the rental income during the academic year.

Please note that by purchasing this property you become a member of the Management Company & will be required to pay an annual service charge for the maintenance and upkeep of the common areas in a multi-unit complex. The service charge may increase following the expiration of any warranties. You may have to pay into a sinking fund to cover future major maintenance and repairs to the common areas of the multi-unit complex.

Accommodation

Entrance Hall
3.7m x 1.3m
(12.14ft x 4.27ft) With tiled floor. Cloakroom & hot press off.

Kitchen/Dining/Livin ...

DNG Flanagan Ford

Shell House, Wine Street, Sligo, Co. Sligo

Tel: 071 9159222

PSRA Licence No.  003530  /  003530

Shane Flanagan Tel: 087 2461062

Affordability

Stamp Duty: €700.00
Total Amount: €70,700.00


Sale Agreed
Sale Agreed
BESbswy