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Apartments 1-10, Salt Lake Apartments, Lough Atalia Road, Co. Galway, H91 WF80

  • Auction
  • Ireland
  • Multi-Family
  • Commercial

Guide Price €1,350,000

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.
Phone
+353 (0) 1 667 3388
Email
info@ie.bidx1.com
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Property Summary

  • A prime multi unit residential investment opportunity.
  • Comprising 6 x no 3 bedroom apartments and 4 x bedsits. 
  • Ranging in size from approximately 31 sq m - 84 sq m (333 sq ft - 904 sq ft).
  • Located on Atalia Road in Galway City.
  • Inclusion of 6 surface car parking spaces. 
  • Entire building single let.
  • Lease expiry July 2047.
  • Total current rent reserved €120,000 per annum.
  • Gross Annual Yield 8.80%.

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 10 x units situated within a five storey detached, purpose built residential block. The apartments are arranged over ground, first, second, third floor and fourth floor and comprise 6 x no 3 bedroom apartments and 4 x bedsits. The property benefits from the inclusion of 6 surface level car parking spaces and a dedicated bin storage area. 

The subject property is located on Atalia Road just minutes walk from the Eyre Square and its many attractions. The property is also situated 900 metres from Galway Train and Bus stations.

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 €120,000. The lease allows for 5 yearly CPI linked rent reviews. 

Additional Details

Apartment Floor AccommodationSq. M. Sq. Ft Annual Rent (€)
1First Floor3 Bedroom Apartment84904Entire Single Let
2First Floor3 Bedroom Apartment84904Entire Single Let
3Second Floor3 Bedroom Apartment84904

Entire Single Let

4Second Floor3 Bedroom Apartment84

904

Entire Single Let
5Third Floor3 Bedroom Apartment77828Entire Single Let
6Third Floor3 Bedroom Apartment77828Entire Single Let
7Fourth FloorBedsit33355Entire Single Let
8Fourth FloorBedsit31333Entire Single Let
9Fourth FloorBedsit31333Entire Single Let
10Fourth FloorBedsit33355Entire Single Let
Total  6186,652€120,000

 

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

VAT

Please refer to Legal Documents

BER Rating

D1 - E2

BER Identification Number

Available from BidX1

Energy Performance Indicator

Available from BidX1

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Bidding Demo

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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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