Limerick properties worth €3.7m up for auction

Anne Sheridan

Reporter:

Anne Sheridan

Brookfield Hall, Castletroy, is up for auction
STUDENT apartments, houses and commercial properties in Limerick worth some €3.7m will be up for auction in the next Allsop Space sale.

STUDENT apartments, houses and commercial properties in Limerick worth some €3.7m will be up for auction in the next Allsop Space sale.

Taking place in the RDS in Dublin on April 21 and April 23 next, the auction will feature 218 residential lots of properties throughout the country, and 113 commercial lots.

Lot number 17 - Block 8 Brookfield Hall Student Village, Castletroy, is the third most expensive lot of the day, with a reserve of €1.65m.

The complete block of 40 student apartments, close to the University of Limerick, features 29 two bedroom apartments, eight three bedroom apartments, and three four-bedroom apartments. Overall there are 94 individual bedrooms. The property is subject to a tenancy in favour of Brookfield Hall Student Village at a current rent of €168,000 per annum.

The second most expensive in Limerick is a set of 19 two-bed apartments in the Steeples, Mulgrave Street, within a development of 59 apartments. The properties have a current rental income of €116,100 per annum.

In Newcastle West, 1, 2, 3, 4, 5 and 6, Daar River View, are up for sale in lot 69, with a reserve of €190,000. The six three bedroom semi-detached houses each extend to approximately 98 sq. m (1,054 sq. ft). A number of the properties have been fire damaged and require refurbishment. They are being sold collectively as one lot.

Also in the county, 12 Castlepark, Caherconlish, a detached four bedroom, two storey house, has a reserve of €145,000. The property is subject to a tenancy at a current rent of €7,200 per annum. Apartments 60, 60A, 61, and 61A in Thomond Student Village, Old Cratloe Road, are for sale for €80,000 in lot 84. Lot 85 also features Apts 53, 53A, 54 and 54A Thomond Student Village Old Cratloe Road, for the same figure for the four three bedroom apartments. Apartment 623, a two-bed apartment on the second floor, Block 6, Brookfield Hall, Castletroy, has a reserve of €40,000.