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
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