The Groody Portfolio, Castletroy, Limerick



Superb Investment Opportunity - The Groody Portfolio - comprising 37 three and six bedroom apartments/duplexes. The Groody Student Park comprises 88 units in total and was construction in 2002. The complex includes 44 x 3 bedroom apartments and 44 x 6 bedroom apartments constructed in blocks of ground floor apartments with duplex apartments overhead. The development is a gated well-maintained development. We are offering for sale: • 24 (x 3-bedroom units) – with one of these units currently utilised as an office. • 13 (x 6-bedroom units) • Gross passing rent of circa €565,066 per annum. The Groody Student Park is located in the ever-popular area of Castletroy, situated on the link road joining the Tipperary Road with the Dublin Road. Castletroy is c. 5km from Limerick City and his home to a host of amenities including the renowned University of Limerick. The subject property is c.1km from the University. Castletroy has seen significant development over the last number of years both residential and commercial. The Castletroy Shopping Centre boasts many new outlets including Starbucks, Meadows & Byrne, Bella Italia, and Hook & Ladder to name a few. Other noteworthy retail parks in the area include Childers Road Retail Park, The Parkway Retail Park and The Parkway Shopping Centre. This location could not be better for students attending the University of Limerick or surrounding colleges as there are a host of amenities to hand. The UL sports complex, a cinema, along with numerous pubs and restaurants are all within minutes walking distances from the subject property. Sales Process: Best Bids Format: All information uploaded to a dataroom for inspection. Please contact REA O’Connor Murphy for access (unless previously sold). Expressions of Interest: submitted in writing to REA O’Connor Murphy by 12 noon 25th October 2018. Best & Final: submitted by contract to REA O’Connor Murphy by 12 noon 8th November 2018. Guide Price: €5,200,000 + VAT if applicable. For further information please contact us on 061 279300.


Superb Investment Opportunity - The Groody Portfolio Comprising 37 x 3 & 6 bedroom apartments/duplexes Circa 1km from University of Limerick & 5km from Limerick City Centre Gross Passing Rent: circa €565,066


BER: C1 - D2

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