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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.
Real Property Included
2 and 3 bed apartments within complex
2 Apartments within complex of 96 Apartments, managed by a central management and letting company
Student accommodation market is expected to remain buoyant in Dublin after recovery from pandemic
Business is non-core
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