Discover a prime investment opportunity nestled in the heart of Ballyfarnagh, Mayo. This 8-unit apartment block promises excellent returns and is strategically positioned near all local amenities. If you’re looking to invest in real estate with a promising yield, this property could be your gateway to financial growth. With its proximity to the renowned Knock shrine, the property is bound to attract both short-term and long-term tenants, ensuring a steady rental income.
This remarkable apartment block is composed of eight units, featuring a combination of 1 and 2-bedroom apartments. Specifically, there are four 1-bedroom ground floor units, three 2-bedroom units, and one additional 1-bedroom unit. The flexibility of the property allows for it to be sold as one complete lot or divided into two lots of four apartments each. This makes it an attractive option for both large-scale investors and those looking to purchase a smaller, manageable set of properties.
Investment Highlights
Investors will be drawn to the attractive yield that this property promises. The entire apartment block can be acquired for a total of €420,000, or alternatively, one lot of four apartments can be purchased for €450,000. Given that the units are currently 100% occupied, you can expect immediate returns on your investment.
Prime Location
Situated on Carrowmore Drive in Knock, the property is ideally located next to the Knock shrine, a place of significant cultural and historical importance. This location not only attracts regular visitors but also provides an array of local amenities, ensuring that tenants have access to everything they need within a short distance. The area is well-served by public transport, making it an ideal spot for those commuting to surrounding areas.
Modern Amenities
The apartments are equipped with modern conveniences that appeal to a wide range of tenants. Each unit is wired for cable television and has dedicated parking, ensuring comfort and connectivity. These amenities enhance the living experience, making the property attractive to potential tenants and increasing its rental value.
Seller Information
This property is listed by Kevin Beirne Auctioneers. For further details or to schedule a viewing, you can contact Kevin directly at [email protected] or call +353 0 949044777. With years of experience in the real estate industry, Kevin and his team offer expert guidance to help you make an informed investment decision.
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