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Burnside Apartments
Letterkenny
Co. Donegal
F92EK11
Description
this excellent investment opportunity.
We are offering for sale 9 no. two bedroom apartments within the centrally located
Burnside complex at Lower Main Street, Letterkenny.
All apartments are currently leased on a 20 year lease
Which commenced in 2019
Offering a yield of in excess of 5%
Tenant is an Approved Housing Agency.
Features
Central location on Lower Main Street, Letterkenny
Constructed 1997
Electric storage heating
Currently leased on a 20 year lease – due to cease 2039
3 yearly reviews – last review seen 9.38% rent increase
Annual service charge – 900.00 per apartment
Tenant is an Approved Housing Agency
Rooms
Hallway 3.0m x 1.3m
Open Plan Kitchen/Dining/Living Area 8.25m x 3.5m .
Bedroom 1 3.5m x 3.0m
Bedroom 2 3.0m x 2.6m
Shower Room
BER Information
BER Number: 105863799
About the Area
Letterkenny is the largest and most populous town in County Donegal, located on the River Swilly. Along with the nearby city of Derry, it forms the major economic core of the north-west of Ireland. Letterkenny is renowned for its night-life. It has been identified as one of Europe's fastest growing towns by business owners. The town's major employers include the General Hospital, Pramerica, and the Department of Social and Family Affairs. There are 5 primary schools and 4 secondary schools in the town.
Letterkenny is well served by public transport. Bus Éireann and private coach companies operate a number of services to Dublin, Derry, and Galway. Two national primary roads serve the town: the N13 from the South (Stranorlar) and the N14 from the East (Lifford).
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Advice For Buyers
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Research
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