For Sale by Online Auction on Thursday, 16th December 2021 via Youbid.ie.
Investment Opportunity - For Sale In One Lot Apartments 3 & 3A Thomond Student Village, Old Cratloe Road, Limerick
O'Connor Murphy bring to the market the sale of two spacious three bedroom apartments, 3 & 3A, of circa 70 sq.m each located within Thomond Village Student Complex. The apartments offer bright and spacious layouts comprising three bedrooms, two of which are en-suite, an open plan living dining and kitchen area as well as a main bathroom and storage closet. Each apartment is accessed with a secure fob, This is an ideal investment opportunity as the complex enjoys a superb location just a short distance from TUS (Limerick Institute of Technology).
The apartments are situated at ground and first floor level. The first floor apartment has a small balcony area which is accessed off the kitchen/ living room. Access to the first floor is via an internal staircase.
Thomond Village, a purpose built student complex comprising circa 190 apartments in total, is well maintained throughout and offers a number of additional on site features such Staffed Reception Area, Communal Laundrette, Games Room, Shuttle bus to LIT as well as ample parking within the gated grounds and 24 hour onsite security.
We have been informed that The Student Village operates under a Pooled Rental Scheme. We have been informed the Net Income for each unit 2019/2020 (academic year) was circa €7,096, Net Income for 2020/2021 (academic year) was circa €4,377 **COVID Effected.
Thomond Village Development is located off the Old Cratloe Road, circa 5km north of Limerick City Centre, 1km from TUS (Limerick Institute of Technology) and Thomond Park Stadium. The Village offers a shuttle bus service to the college regularly throughout the day and there is a bus stop situated circa 500 metres from the complex servicing the city centre.
Limerick City is a vibrant city with a strong high street and thriving city centre, numerous shopping centre, bars, restaurants and other leisure and cultural facilities. It is also home to over 35,000 students who are enrolled in a number of third level and higher education institutions, the largest being University College Limerick and TUS (Limerick Institute of Technology). As the third largest city in Ireland the combined city and county population is estimated to be circa 192,000 with approximately 96,000 living within the city and suburbs. The main national road network surrounds the city centre and joins the Limerick to Ennis/Galway road with the M7 motorway linking Limerick with Dublin. As the third largest city in Ireland the combined city and county population is estimated to be circa 192,000 with approximately 96,000 living within the city and suburbs.
BER Rating: C3 & D2
BER Numbers: 101392835 & 101392819
Please refer to the Legal Pack.
O'Connor Murphy (Limerick)
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