Opportunity to purchase 14 newly constructed apartments in Ballisodare Town Centre. The apartments comprise 13 two bedroom apartments & 1 one bed apartment. All the apartments are tenanted.

The apartments comprise Fourteen newly constructed social housing apartments consisting of 13 two bedroom units and 1 one bedroom unit. The apartments are spread over three self contained blocks in a modern residential development in Sligo.

The apartments are finished to a high standard throughout & have a B1-C3 energy rating. The units range in size and are over three storeys with ground floor and underground car parking available to the tenants.

Tenancy
Current rent of €101,510 per annum on a 25-year lease from 21st February 2018. The rent is due for review against the Rental Index in 2026. The lease has no break options and has over 21
years remaining which provides significant comfort. The lease to Co-operative Housing Ireland is supported by Sligo County Council and the Housing Finance Agency which underpins the strength of the covenant. There are CPI linked reviews at every four-year anniversary from the commencement date of the lease.

Management Fees
The annual management fee of €690 per apartment is payable each year. Accordingly, €9,660 is to be deducted from the gross rental. This covers all insurances, waste disposal, maintenance etc.

Unit Number Address Sq Ft
Apt 1 (2 Bed) Block 1, Avena, Ballisodare Town Centre, Ballisodare, Co. Sligo 897
Apt 2 (2 Bed) Block 1, Avena, Ballisodare Town Centre, Ballisodare, Co. Sligo 844
Apt 3 (2 Bed) Block 1, Avena, Ballisodare Town Centre, Ballisodare, Co. Sligo 841
Apt 4 (2 Bed) Block 1, Avena, Ballisodare Town Centre, Ballisodare, Co. Sligo 771
Apt 5 (2 Bed) Block 2, Avena, Ballisodare Town Centre, Ballisodare, Co. Sligo 897
Apt 6 (2 Bed) Block 2, Avena, Ballisodare Town Centre, Ballisodare, Co. Sligo 844
Apt 7 (2 Bed) Block 2, Avena, Ballisodare Town Centre, Ballisodare, Co. Sligo 841
Apt 8 (2 Bed) Block 2, Avena, Ballisodare Town Centre, Ballisodare, Co. Sligo 771
Apt 34 (2 Bed) Block 5, Avena, Ballisodare Town Centre, Ballisodare, Co. Sligo 1155
Apt 35 (2 Bed) Block 5, Avena, Ballisodare Town Centre, Ballisodare, Co. Sligo 1046
Apt 36 (2 Bed) Block 5, Avena, Ballisodare Town Centre, Ballisodare, Co. Sligo 852
Apt 37 (1 Bed) Block 5, Avena, Ballisodare Town Centre, Ballisodare, Co. Sligo 682
Apt 38 (2 Bed) Block 5, Avena, Ballisodare Town Centre, Ballisodare, Co. Sligo 1097
Apt 39 (2 Bed) Block 5, Avena, Ballisodare Town Centre, Ballisodare, Co. Sligo 1006

Location
Ballisodare is a picturesque town just five minutes from Sligo. It is a busy town just off the N4 motorway. Ballisodare continues to thrive with its large indoor leisure centre with swimming complex, gymnasium, etc. The fantastic Supervalu, pharmacy, post office, bars, shops, etc. Not to mention the national and secondary school. The apartments are situated in a well-established housing development known as Ballisodare Town.

Directions: Entering Ballisodare from Sligo take the left turn at the roundabout, continue for c 50 yards, then turn right into the Balliosdare Town Centre development. The apartments are on the right hand side.