Burnside Park, Letterkenny, Donegal

POA Energy Rating F92 R582 2 beds1 bath60 m2


Property Partners Paul Reynolds are delighted to bring to the market this excellent investment opportunity. We are offering for sale 9 no. two bedroom apartments within the centrally located Burnside complex at Lower Main Street, Letterkenny. All apartments are currently leased on a 20 year lease Which commenced in 2019 Offering a yield of in excess of 5% Tenant is an Approved Housing Agency.


General Accommodation • Hallway 3.0m x 1.3m • Open Plan Kitchen/Dining/Living Area 8.25m x 3.5m . • Bedroom 1 3.5m x 3.0m • Bedroom 2 3.0m x 2.6m • Shower Room


• 9 No. two bedroom apartments • Central location on Lower Main Street, Letterkenny • Constructed 1997 • Electric storage heating • Currently leased on a 20 year lease – due to cease 2039 • 3 yearly reviews – last review seen 9.38% rent increase • Annual service charge – 900.00 per apartment • Tenant is an Approved Housing Agency

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Price Changes in Letterkenny
Property Price Register in Letterkenny
€20,000 (8.89%)
€225,000 €245,000
3rd Nov 23
-€25,000 (-7.81%)
€320,000 €295,000
29th Sep 23
26th Jun 23
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Property Partners Paul Reynolds
Property Partners Paul Reynolds
Tel: 074 9...
PSRA Licence No. 001168

Date created: Mar 23, 2023

Property Partners Paul Reynolds
Property Partners Paul Reynolds
PSRA Licence No. 001168
Joe Reynolds
Tel: 074 9...
Call Agent: 074 9...