Yellow House, Bunnanaddan

An excellent opportunity to acquire a recently upgraded and well maintained residential investment property comprising two separate buildings with a total of 4 self contained apartments. Both properties were fully upgraded and modernised in 2022 and are presented in excellent condition throughout.

Been offered for sale with all four apartments fully occupied by established tenants, the property provides an immediate and secure rental income stream from the date of completion. Currently generating an annual rental income of approximately 29,000 euro, the property delivers an attractive gross yield of circa 9.8%, making it an ideal turnkey investment for both experienced and first time investors seeking a dependable income producing asset.

Importantly, all four tenancies commenced in 2023 and therefore fall outside the scope of the recent rental legislation changes, offering additional certainty and flexibility for prospective purchasers. The properties are connected to all mains services and benefit externally from a low maintenance yard with ample off-street parking, further enhancing their appeal to both tenants and investors alike.

This is a excellent opportunity to acquire a fully let residential investment comprising four apartments across two buildings, with proven rental income, strong occupancy levels, and excellent long term investment potential. Full tenancy details, rental schedules, and additional information are available upon request.

9.8% Gross Rental Yield 29,000 euro annual rent roll
Mains Water and Sewer.
Independent electric metres for each unit.
Upgraded in 2022.