Burnside Apartments,, Letterkenny, Donegal F92 EK11POA D2

Investment Property 60 m² / 646 ft² For Sale

View All (2)

Description

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.

Features

• 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

BER Details

BER: D2

Accommodation

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

Directions

Located on Lower Main Street, Letterkenny

CALL AGENT
EMAIL AGENT

We Value your privacy

The use of technology such as cookies allows us to operate and improve the functionality of our website, derive insights about our audience, provide social media features, and personalise content or advertising that may be of interest to you. You can choose to accept and agree to this use, or you can manage your settings to adjust your choices. You can change your mind any time by returning to this site. If you do not allow certain cookies some areas of this site may not function as intended.

Manage Your Settings

Your Privacy Preferences

When you visit any website, it may store or retrieve information on your browser, mostly in the form of cookies. This information might be about you, your preferences or your device and is used to make the site work as you expect it to, or to support your experience, or allow the website to analyse and improve the services offered. The information does not usually directly identify you, but it can give you a more personalised web experience. Because we respect your right to privacy, you can choose not to allow some types of cookies. Select the different category headings to find out more and change your settings. Please note that if you do not opt in to some types of cookies it may impact on your experience of the site and the services we are able to offer.

Strickly necessary cookies

These cookies are necessary for the website to function and cannot be switched off in our systems. They are usually only set in response to actions made by you which amount to a request for services, such as setting your privacy preferences, logging in or filling in forms. You can set your browser to block or alert you about these cookies, but some parts of the site will not then work. These cookies do not store any personally identifiable information.

Performance cookies

These cookies allow us to count visits and traffic sources so we can measure and improve the performance of our site. They help us to know which pages are the most and least popular and see how visitors move around the site. All information these cookies collect is aggregated and therefore anonymous. If you do not allow these cookies we will not know when you have visited our site, and will not be able to monitor its performance.