O'Connor Murphy introduce to the market an extremely attractive investment opportunity to purchase a property with a solid annual income. This spacious four bedroom property is located within a secure student development of Grove Island, just a short distance from Limerick School of Art and Design and within walking distance of City Centre and canal walk to Limerick University. No. 2 boasts a fully furnished four bedroom, ground floor apartment with an exceptional layout. The apartment has a workstation/study area provided in each individual bedroom, all of the bedrooms have en-suites, and an open plan kitchen/dining/living area. Secure access to each property and fob access to each individual bedroom. Excellent occupancy levels and an on-site management company. This property will appeal to any investor looking for a good return on their investment.
Accommodation briefly comprises: Entrance Hall, Open Plan Kitchen/Living/Dining area, four single bedrooms all of which are en-sutie.
Grove Island Student Village is operating at 100% occupancy levels with waiting list for the upcoming academic year.
Pooled Rental Scheme. We have been informed the income for the academic year AY2021/2022 was €16,920 gross (€4,230 per room). Net income in the region of €8,920.
Please Note: the annual rental amounts are provided as a guide only. O'Connor Murphy cannot be held responsible for any subsequent variation that may arise in the returns received by property owners.
Please refer to the legal pack.
O'Connor Murphy (Limerick)
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