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.
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,
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