While the past number of weeks have been challenging for everyone, the team at DNG Maxwell Heaslip Leonard have worked hard to meet this challenge by adapting their services for clients. They have received great feedback from buyers and vendor clients and have seen some strong results across Galway city and county.
Below are some of the outstanding investment opportunities which, despite the current uncertainties, have been receiving a lot of inquiries and virtual viewing appointments. Situated in different locations around the city, varying from popular student accommodation to city centre properties, these listings are definitely worth considering.
No 10 Portmore
Asking price: €255,000. Estimated net return: €14,500.
Number 10 is situated on the first floor of this O’Malley built development and offers well-proportioned accommodation comprising entrance hall, open plan living/dining room/kitchen, two bedrooms (master en suite ), and main bathroom. The apartment has been completely modernised throughout with new internal doors, floors, carpets, kitchen, and bathrooms
Portmore boasts an unrivalled location at the Spanish Arch and beside Quay Street in this most vibrant part of Galway city. All conceivable services and amenities are within minutes' walk, including shops, coffee shops, bars, restaurants. Salthill, NUIG and UHG are also within walking distance.
No 12 Amhra House
Asking price: €195,000. Estimated net return: €16,800
This is a city centre, two bed top floor apartment just off St Brendan's Avenue, Woodquay. Located just off Eyre Square, with NUIG, UHG and all this vibrant city has to offer on its doorstep, this property is sure to attract an astute investor. The property is currently rented and in walk-in condition, and comes with a private underground car park. Given its location, you are guaranteed a strong rent for 12 months of the year. The apartment comprises a large open plan sitting room/kitchen/diner, main bathroom, two bedrooms with built-in wardrobes, and a small balcony off the master bedroom.
No 64 Dunaras
Asking price: €230,000. Estimated net return: €18,000.
Dunaras Village is a purpose built residential complex in the Rahoon area, close to NUIG. Number 64 is a three bedroom ground floor unit that has been recently modernised throughout and with approximately 883sq ft of living space, including three en suite bedrooms and a large kitchen/living area. This fully managed scheme has an on site office, laundry, and runs a shuttle service to the university.
As an investment, the property is estimated to generate a net return in 2019/20 of c€18,000 which included student and holiday lettings.
Onsite parking is available and all amenities are close to hand.
No 102 Gort na Coiribe
Asking price: €295,000. Estimated net return: €18,000.
An excellent four bed mid-terrace residence in the award winning development of Gort na Coiribe on the Headford Road, Galway. This residential development was built by premier builders O'Malley Construction in the early 2000s.
This wonderful property is perfectly positioned adjacent to Terryland Retail Park and Galway Shopping Centre, and within walking distance of Galway city centre and all amenities and services. The property is also close to NUIG and UHG and located on an excellent transport network.
According to senior sales agent Kyle O'Brien: “These properties we have listed are still fantastic investment opportunities with guaranteed returns. The student accommodation will be 100 per cent occupied come September when the college semester returns, this is a guarantee for nine months of the year and then the option of continuing into the summer months with international students arriving. The city centre properties will also have no difficulty renting and we are already inundated with inquiries from both purchasers and even potential tenants.”
If you are interested in any of the above properties, or indeed any other properties currently for sale, contact Kyle O'Brien or any of the DNG Maxwell Heaslip & Leonard residential sales team at 091 565261.
