9 Yeats Village Apartments, Ballinode, Sligo, Co. Sligo, F91 K85W, Ireland
€120,000

Property Description

3 bedroom ground floor apartment. This is an excellent opportunity to acquire a prime investment property within a minute’s walk of IT Sligo & located within a fully managed student accommodation scheme.

Excellent opportunity to acquire this 3 bed ground floor apartment. This is a prime investment property within a minute’s walk of IT Sligo. The property is located within a fully managed student accommodation scheme.

Management Company:
Ballincastle Property Management - ph. 071 9129002

Please note that by purchasing this property you become a member of the Management Company & will be required to pay an annual service charge for the maintenance and upkeep of the common areas in a multi-unit complex. The service charge may increase following the expiration of any warranties. You may have to pay into a sinking fund to cover future major maintenance and repairs to the common areas of the multi-unit complex.

Management Fees
13 %+VAT of the rental income during the academic year.
19% +VAT of the rental income during the summer months.

Rental Income
We are advised that for the period September 2019 to March 2020 the net rental Income was approx. €8,938. Due to the Covid pandemic, the figures for the academic year 2020/2021 were greatly reduced but with its proximity to IT Sligo, the management expect the figures should recover to pre Covid levels. The net rental income for the year September 2020 to April 2021 the net rental income was approx. €2,857.

Location
This property is located in a fully managed student accommodation scheme within a minute’s walk of IT Sligo. Yeats Village comprises a mixture of houses apartments. The properties are let out to students during the academic year to holiday makers in the summer months.

Size
79.63 sqm - 857 sqft

Hallway
5.39m x 1.16m (17.68ft x 3.81ft)
Tiled floor.

Kitchen/Dining/Living Area
3.53m x 5.84m (11.58ft x 19.16ft)
Open plan room. Laminate floor in Kitchen area. Fitted kitchen with integrated oven & hob. Tiled splashback. Carpet floor in Dining/Living area.

Bedroom 1
1.06m x 3.39m (3.48ft x 11.12ft)
Carpet. Double bed, built-in wardrobes & study desk. En-suite off.

En-Suite 1
1.06m x 3.39m (3.48ft x 11.12ft)
Mostly tiled with WC, WHB & Shower.

Bedroom 2
3.12m x 2.89m (10.24ft x 9.48ft)
Carpet. Single bed, built-in wardrobes & study desk.

Shower Room
1.84m x 3.80m (6.04ft x 12.47ft)
Mostly tiled with WC, WHB & Shower. Open to Bedroom 2 and landing.

Bedroom 3
4.62m x 3.00m (15.16ft x 9.84ft)
Carpet. Single bed, built-in wardrobes & study desk. En-Suite off.

En-Suite 2
1.06m x 3.30m (3.48ft x 10.83ft)
Most tiled with WC, WHB & Shower.

Airing Cupboard

Garden
Common areas within the development include green areas car parking.

Directions: Take the Enniskillen Road out of Sligo town. Go past IT Sligo (on the left hand side). Yeats Village is a short distance ahead on the right hand side. On entering the development, follow the road through to the rear of the development. Eircode F91 K85W

Enquire about this property:
Shane Flanagan
Your agent for this property:
Shane Flanagan
M: 087 2461062
P: 071 9159222
E: sflanagan@dngflanaganford.ie
PSL Number: 003530-001137
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PSL Number: 003530