Cushman & Wakefield is offering to the market a residential property portfolio in Doughiska. The portfolio, which represents a rare and attractive holding for those looking to acquire a strategically located residential investment in a strong rental location in Galway, is producing a gross rental income of €347,988 per annum (tenants are not affected by the sale ), and is being offered for sale at a guide price of €5.5 million, representing a gross yield of six per cent.
The portfolio is being offered in its entirety or as individual blocks of apartments. These investment properties are located in Doughiska, an established suburb of Galway. Over the last number of years, the area has continued to see investment which has provided excellent facilities for its growing population, including both primary and secondary schools, a primary care facility, and Lidl.
The portfolio comprises a total of 27 units located across three developments and consists of 12 three-bedroom apartments, 13 two-bedroom apartments, and two one-bedroom units.
Patricia Staunton of Cushman & Wakefield said: “This sale presents an opportunity to acquire a fully-occupied residential investment which should suit both private investors along with parties seeking to add to their current portfolio. The majority of the units have the benefit of recent refurbishment and the property has performed well throughout the past year notwithstanding the impact of the Covid-19 pandemic, and runs at 100 per cent occupancy.”
For further details contact Sean Coyne or Patricia Staunton, Cushman & Wakefield, on 091 569181.
