Neglected student block with big potential up for auction

written by Rachel McLaughlin October 12, 2017

A run-down student village with investment potential in Letterkenny is to go up for auction next month.

The Port Road Student Village located near the LYIT, near the Joe Bonnar Road, is for sale at a minimum value of €300,000.

The 1,200 sq. m block holds 16 apartments consisting of two, three and four bedroom accommodation all with bathrooms, kitchens and living areas.

Apartments at Port Road Student Village. Image via O’Donnellan & Joyce Auctioneers.

Apartments at Port Road Student Village. Image via O’Donnellan & Joyce Auctioneers.

However, the 12 year old building is in need of a major spruce-up throughout.

The visibly neglected property is said to hold big investment opportunities for potential buyers. The apartments could yield lucrative returns after refurbishment, according to O’Donnellan & Joyce Auctioneers.

Viewing are currently being held at the student village, with a public auction date scheduled for November 10th at the Harbour Hotel, New Dock Road, Galway.

The advised minimum value is set at €300,000.

 


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