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Student Property Company In Dublin For Sale

Ballymun, Dublin, Ireland
Asking Price:
€330,000 Furniture / Fixtures included
Turnover:
€40,000
Net Profit:
€30,000

We are a holding company of two student properties in Ballymun near Dublin City.

Pre Pandemic (2019) gross rent of €42k, net rent per apartment was €29.6k which equates to an 8% yield based on a market value of €185k per apartment (€370k total).

Rent is expected to return to pre pandemic levels in 2022, but nonetheless showed good resilience to conditions in 2020 and 2021 with gross rent of €18k / €30k respectively giving €6.5k/ €10k net rent.

The company currently has mortgage financing of €42.4k secured against the assets which is included in the sale price.

The company is fully managed by an in-situ management and letting company, meaning no day to day work is required at all and offers an excellent return to a passive investor.

Offers in excess of €330k will be considered.

For more information, please contact us by using the form below.

Property Information

Real Estate:

Real Property Included

Living Accommodation:

2 and 3 bed apartments within complex

Location:

Ballymun

Premises Details:

2 Apartments within complex of 96 Apartments, managed by a central management and letting company

Business Operation

Competition / Market:

Student accommodation market is expected to remain buoyant in Dublin after recovery from pandemic

Reasons for selling:

Business is non-core

Trading hours:

N/A

Employees:
0 (Director salaries only)
Years established:
10

Other Information

Support & training:

N/A

Furniture / Fixtures value:
€20,000 - included in the asking price
Home based:
This business can be run from home.

Contact Seller

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