39A & 40A Yeats Village, Ballinode, Sligo City, Sligo F91HC5X€155,000

2 Bed Apartment 59.92 m² / 645 ft² For Sale E2


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Description

Excellent opportunity to acquire two 2 bed ground floor apartments. These are prime investment properties within a few minutes walk of IT Sligo. The property is located within a fully managed student accommodation scheme.

Location
Yeats Village is a very well managed & maintained student accommodation development which is located within a few minutes walk of IT Sligo. The MSL Education Training Board (Formerly FAS Training Centre) is also within easy reach. As Yeats Village is within a short distance of Sligo town centre, the development proves popular with holiday makers.

Description
Accommodation in both apartments comprises of an open plan Kitchen/Dining/Living Room, 2 Bedrooms with one En-Suite & Bathroom.

Rental Income per Apartment
We are advised that the Net Rental Income for the academic year 2019/2020 was €6,972.41. Due to the Covid pandemic, the figures for the academic year 2020/2021 were greatly reduced but with its proximity to IT Sligo, the management expect the figures should recover to pre Covid levels. The figures for the 2020/2021 academic year are approximately €1,879.11.

Management Company
Ballincastle Property Management

Please note that by purchasing this property you become a member of the Management Company & will be required to pay an annual service charge for the maintenance and upkeep of the common areas in a multi-unit complex. The service charge may increase following the expiration of any warranties. You may have to pay into a sinking fund to cover future major maintenance and repairs to the common areas of the multi-unit complex.

Management Fees
13%+VAT of the rental income during the academic year.
18% +VAT of the rental income during the summer months.

Accommodation

Entrance Hall 5.03m x 1.04m (16.50ft x 3.41ft)
Carpet.

Kitchen/
Dining/Living Area 3.44m x 5.27m (11.29ft x 17.29ft)
Fully fitted kitchen with tiled floor and tiled splash back. Carpet in Living area.

Bedroom 1 4.21m x 3.69m (13.81ft x 12.11ft)
Carpet. Bulilt-in wardrobes., study desk & shelving. En-Suite off.

En-Suite 1 1.25m x 3.05m (4.10ft x 10.01ft)
Tiled walls & floor. WC, WHB & Shower enclosure.

Bedroom 2 2.87m x 3.08m (9.42ft x 10.10ft)
Carpet. Bulilt-in wardrobes., study desk & shelving. En-Suite off.

En-Suite 2 1.83m x 3.05m (6.00ft x 10.01ft)
Tiled walls & floor. WC, WHB & Bath.

Outside:
The open areas in this development are common areas. There is ample car parking throughout the scheme.

BER – 39A: F
BER No. 100829142
Energy Performance Indicator: 394.61 kWh/m²/yr

BER – 40A: E2
BER No. 100829159
Energy Performance Indicator: 347.67 kWh/m²/yr

BER Details

BER: E2 BER No.100829159 Energy Performance Indicator:347.67 kWh/m²/yr

Directions

Take the Enniskillen Road out of Sligo town. Go past IT Sligo (on the left hand side). Yeats Village is a short distance ahead on the right hand side. Eircode F91 HC5X