401 Brookfield Hall, Castletroy

Hickey O Donoghue are delighted to welcome to the market this ground floor, two bed apartment within walking distance of the University of Limerick and all its amenities. The property comprises of an entrance hallway, open plan fully fitted kitchen/dining/living room, 2 bedrooms, 1 en suite and main bathroom.

The property is part of a student accommodation scheme with huge demand offering 100% occupancy. All occupiers for the academic year must have a valid student ID.

This is an excellent investment opportunity. The property is currently fully let until the end of June 2022 as part of a pooled rental system. From the 30th of June, the purchaser is free to rent outside the pooled rental arrangement and rent themselves on the open market. Based on other properties rented within the scheme, it’s capable of producing a net rental income of €9,860.
Gross rental income per annum @ €12,210
Management fees @ €2350 which include bins, block insurance and shuttle bus.