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Apartments 1-9, Realt Na Mara, 119/121 Upper Salthill, Salthill, Co. Galway, H91 N9E5

  • Auction
  • Ireland
  • Multi-Family
  • Commercial

Guide Price €1,150,000

Bidder Security €50,000 *fully refundable if unsuccessful bidder
Register to Bid
Auction Date 24 October
Bidding Opens 08:00 (GMT+1)
Bidding Closes To be Confirmed

Property Viewings

Please contact us to discuss viewings for this property.
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+353 (0) 1 667 3388
Email
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Property Summary

  • A prime multi unit residential investment opportunity.
  • Comprising 4 x no 1 bedroom apartments and 5 x no 2 bedroom apartments. 
  • Ranging in size from approximately 55 sq m - 86 sq m (592 sq ft - 925 sq ft).
  • Development site to the rear extending to approximately 0.21 ha (0.52 acres).
  • Located on The Upper Salthill Road just outside Galway City.
  • Fully vacant and under going renovations (tenant liability).
  • Entire building single let.
  • Lease expiry July 2047.
  • Total current rent reserved €100,000 per annum.
  • Gross Annual Yield 8.69%. 

Contact Us

Robert Hefferon
Robert Hefferon
Property Agent, here to help.
robert.hefferon@bidx1.com
+353 (0) 87 145 4501
Legal Contact
Jody Toner
Vendor's Solicitor
Jody.Toner@walkersglobal.com
+353 1 470 6623

Contact Us

Robert Hefferon
Robert Hefferon
Property Agent, here to help.
robert.hefferon@bidx1.com
+353 (0) 87 145 4501
Legal Contact
Jody Toner
Vendor's Solicitor
Jody.Toner@walkersglobal.com
+353 1 470 6623

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Property description

The property comprises a portfolio of 9 x apartments situated within a four storey semi detached, purpose built residential block. The apartments are arranged over ground, first, second & third floor and comprise of kitchen/living room, main bathroom and either one or two bedrooms. The entire building is currently undergoing renovations  that are being carried out and funded by the tenant. Thee property also benefits from the provision of a development site to the rear extending to approximately 0.21 ha (0.52 acres).

The subject property is located on the Upper Salthill Road just minutes walk from the Salthill Prom and its many attractions. The property is also situated 2km west of Galway City centre with multiple transport links. 

Notable occupiers within the vicinity includes Omniplex, Seapoint Leisure & The Galway Atlantaquaria.

Development site to the rear extending to approximately 0.21 ha (0.52 acres).

All intending purchasers are advised to satisfy themselves as to the accuracy of the site areas provided.

Tenancy

The subject property is single let to an individual on a 30 year FRI lease from 1st August 2017 at an annual contracted rent of €100,000. The lease allows for 5 yearly CPI linked rent reviews. 

Additional Details

Apartment Floor AccommodationSq. M. Sq. Ft Annual Rent 
1Garden Level2 Bedroom Apartment58624Entire Single Let
2Level 22 Bedroom Apartment58624Entire Single Let
3Ground2 Bedroom Apartment55592

Entire Single Let

4Ground2 Bedroom Apartment55

592

Entire Single Let
5Ground2 Bedroom Apartment58624Entire Single Let
6First 2 Bedroom Apartment55592Entire Single Let
7First 2 Bedroom Apartment55592Entire Single Let
8First 2 Bedroom Apartment58624Entire Single Let
9Penthouse3 Bedroom Penthouse86925Entire Single Let
Total Total5385,791€100,000

All intending purchasers are advised to satisfy themselves as to the accuracy of the measurements provided.

VAT

Please refer to Legal Documents

BER Rating

C1 - C3

BER Identification Number

109926303

Energy Performance Indicator

105.43 kWh/m2/yr

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*Terms & Conditions

No information, statement, description, quantity or measurement contained in any sales particulars or given orally or contained in any webpage, brochure, catalogue, email, letter, report, docket or hand out issued by or on behalf of BidX1 or the vendor in respect of the property shall constitute a representation or a condition or a warranty on behalf of BidX1 or the vendor. Any information, statement, description, quantity or measurement so given or contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the vendor are for illustration purposes only and are not to be taken as matters of fact. Any mistake, omission, inaccuracy or mis-description given orally or contained in any sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the vendor shall not give rise to any right of action, claim, entitlement or compensation against BidX1 or the vendor. All bidders must satisfy themselves by carrying out their own independent due diligence, inspections or otherwise as to the correctness of any and all of the information, statements, descriptions, quantity or measurements contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the vendor.

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