DESCRIPTION

* * F91 HF72 * *

INVESTMENT PROPERTY ONLY (The Purchaser cannot live here)

Gateway Apartments is a purpose built Student Accommodation Complex located within the grounds of Sligo's Institute of Technology.

Location couldn't be better for the 3rd Level Students as College is literally only a minute away & Sligo's town centre less that 5 minutes walk.  

This complex is fully contained for all student requirements with ample communal parking, and an excellent Management Company.
 
Located on the Ground Floor of Block 1 this is an excellent opportunity for those who want a hassle free investment and do not want to deal directly with their Tenants.

Investments such as this provide an excellent yield on your money and in addition you have the opportunity to purchase a property that will continue to increase in value.

The Management Company operate a Pooled Rent system which involves an Annual Service Charge for maintenance and upkeep of the common areas and individual units. A Sinking Fund is also in operation to cover any future major maintenance and repairs for this multi unit complex.

Net rental income for a 2 Bed Apartment is approx. €9,000, however, this varies year on year given the Pooled Rent system.

Property Management Co.

Lakewood Lettings Ltd. 

071 914 5618

ACCOMMODATION

Ground Floor Apartment 

Kitchen/Living Room: 5.35m x 4.45m built in kitchen - tiled floor

Bedroom 1: 4.60m x 3.40m  whb & floor carpeted (sleeps 2)

Bedroom 2: 3.28m x 2.70m €" whb & floor carpeted

Bathroom: 2.00m x 1.90m €" wc, whb & shower 

FEATURES

• Electric storage heating
• PVC windows and door
• Fully furnished
• Carpet & tiled floors

OUTSIDE

• Communal Parking

FLOOR AREA

c. 60 m2 (c. 645 ft2) 

BER Rating: D1
BER Number: 101146454
Energy Performance Indicator: 238.21 kWh/m2/yr

These particulars are issued by David Reynolds Estate Agent on the understanding that any negotiations relating to the property are conducted through them. Whilst every care is taken in preparing particulars, the Company do not hold themselves responsible for any inaccuracy in the particulars or the terms of the properties referred to or for any expense that may be incurred in visiting same should it prove unsuitable or to have been let, sold or withdrawn. Applicants are advised to make an appointment through us before viewing and are respectfully requested to report their opinion after inspection. Should the above not be suitable please let us know your exact requirements.