55 Yeats Village, Ballinode, Sligo City, Sligo F91T1W0€170,000

5 Bed Terraced House 112.41 m² / 1210 ft² For Sale D2

Description

Excellent opportunity to acquire this well positioned 5 bed townhouse. This is a prime investment property 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 in the summer months which generates good extra rental income.

Description
Excellent opportunity to acquire this well positioned 5 bed townhouse. This is a prime investment property within a few minutes walk of IT Sligo. The property is located within a fully managed student accommodation scheme.

We are advised that the Net Rental Income for the academic year 2019/2020 was €15,197.43. 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 were €4.089.10.

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
Ground Floor
Hallway 1.06m x 4.93m
(3.48ft x 16.17ft) With tiled floor & carpet on stairs.

Kitchen/Dining Area 4.07m x 3.84m
(13.35ft x 12.6ft) Generous size area with fully fitted kitchen, tiled floor & back splash.

Living Room 4.06m x 3.91m
(13.32ft x 12.83ft) With carpet floor.

Downstairs Bedroom 5.19m x 2.58m
(17.03ft x 8.46ft) With carpet, built in wardrobes, study desks & book shelves.

En Suite 1.15m x 2.71m
(3.77ft x 8.89ft) Fully tiled with WC, WHB & shower.

First Floor

Landing 2.78m x 2.51m (9.12ft x 8.23ft)
With carpet.

Bedroom 2 4.22m x 2.83m (13.85ft x 9.28ft)
With carpet, built in wardrobe, study desk & shelving.

Shower Room 2.07m x 1.85m (6.79ft x 6.07ft)
Fully tiled with WC, WHB & shower.

Bedroom 3 3.87m x 2.63m (12.7ft x 8.63ft)
With carpet, built in wardrobe, study desk & shelving.

Bedroom 4 3.84m x 2.41m (12.6ft x 7.91ft)
With carpet, built in wardrobe, study desk & shelving.

Bedroom 5 4.05m x 2.87m(13.29ft x 9.42ft)
With carpet, built in wardrobe, study desk & shelving.

Shower Room 2.71m x 1.82m (8.89ft x 5.97ft)
Fully tiled with WC, WHB & shower.

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

BER Details

BER: D2 BER No.100830272 Energy Performance Indicator:262.95 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 T1W0