PRS Investment Opportunity - For Sale by Private Treaty (Best Bids) - Tenants Not Affected
Heridan Crescent is a private residential scheme located in Dooradoyle. Doordaoyle is a popular residential suburb located southwest of Limerick City off the R526. The area is well serviced and is within walking distance to the University Hospital Limerick, Crescent Shopping Centre and Raheen Business Park. The scheme is located just 4.3km from Raheen Business Park with occupants including; Regeneron, Stryker, Analog Devices and Rahi Technologies. Limerick City Centre is located within 4.4km from Heridan Crescent.
The entire development comprises 8 two-bedroom apartments and 8 three-bedroom duplexes situated within two blocks, constructed in circa 2008 to an exceptional high standard.
All units are fully furnished and let producing a rental income of €252,300 per annum.
This sale comprises 16 apartments;
8 x two-bedroom units (700 sq. ft. - 724 sq.ft. ) and
8 x three-bedroom units (1,144 sq.ft. - 1,425 sq.ft.).
19 no. surface car parking spaces available on site.
Sixteen Contemporary 2 Bedroom and 3 Bedroom Apartments/ Duplexes for Sale in a Single Lot.
Fully Occupied producing a Passing Rent of €252,300.
Convenient Location Close to the University Hospital Limerick, Crescent Shopping Centre and Raheen Business Park.
High quality finishes to all units
Net Initial Yield: 6.5%.
BER Range: BER: B2 / BER: B3 / BER: C1
Sale by private treaty (best bid format). Bids to be submitted in writing to Geoffrey de Courcy or Michael O Connor
By appointment only
Geoffrey de Courcy - Phone No.: 061410410