Substantial residential investment opportunity with the possibility of further development subject to planning permission.
24 residential units, 13 of which are rented and 11 which require a small investment to bring them to the rental market.
A further 9 sites are contained in the portfolio which will allow for further potential earnings. The residential units if all occupied would generate an annual income of €150k leaving the 9 sites for further development potential in the future.
The figures used do not account for the increasing rental levels being seen in the local area. This investment would suit those looking for an immediate return on their investment and also a pathway to further potential earnings resulting in a greater than average return per annum on the initial investment.
The development itself was constructed approx 2007/8 and is situated close to the town of Killenaule - the design allowed for large green areas amplifying the sense of space and light. The popularity of the estate is evident in the continued occupation of those units available for rental.
The area surrounding Killenaule is most renowned for being the home base for the world famous Coolmore stud empire and the resultant employment opportunities that go with this operation. On the instruction of the receiver.
Strictly by appointment with Sherry FitzGerald Cashel on 062 63743
BER No: 101343481
Performance Indicator: 46.93 kgCO2 /m²/yr