Good value apartment opportunities in Limerick

Brookfield Hall portfolio with reserve of €1.65m and city centre homes for €750,000

Fifty student apartments at Brookfield Hall Student Village in Castletroy, Limerick are up for auction.

Investors looking for good value might well cast their eye over a portfolio at Brookfield Hall Student Village in Castletroy, Limerick, which is to be auctioned shortly by Allsop. The package includes 40 Section 50 student apartments with 94 bedrooms, producing a rental income of €168,000. The reserve price at the auction will not exceed €1.65 million.

Also for auction are 19 two-bedroom apartments at The Steeples, Mulgrave Street, Limerick, with a rent roll of €116,100. The reserve will not exceed €750,000 and if that price is achieved it will give the new owner a gross return of 15.4 per cent on their investment.

A total of 19 two-bedroom apartments at The Steeples, Mulgrave Street are going under the hammer,
Jack Fagan

Jack Fagan

Jack Fagan is the former commercial-property editor of The Irish Times