Lennon Grove, Letterkenny Road, Ramelton

First class investment / development opportunity / 13 properties

A rare opportunity to acquire a group of town houses in this very sought after location on the edge of the village of Ramelton – a heritage village on the River Lennon. The historic Mall is within easy walking distance of this scheme and therefore attractive to potential purchasers or tenants of the finished houses. The scheme comprises three blocks of properties – with 2 x 4 bedroom town houses and 2 x 3 bedroom town houses in the first 2 blocks. The third block then has 2 x 3 bedroom town houses, a two storey 3 bedroom house and a 3 bedroom duplex apartment plus a self-contained 1 bedroom flat. Three of the properties are at quite an advanced stage of refurbishment with fitted kitchens and bathrooms as well as some floor coverings. The remainder of the properties are finished to first electrical fix with plaster finish.

There is in our view great scope for a small interesting scheme of attractive properties that would prove extremely sellable or for the investor easy to rent.

Offers in excess of €375,000 (plus VAT) – Closing date for offers 12.00 on Thursday 31st August 2017 (unless previously sold)

 

Estimated rental values for the finished houses –

3 bedroom properties – c. €135 p.w.

4 bedroom properties – c. €145 p.w.

3 bedroom duplex property – c. €130 p.w.

1 bedroom self-contained apartment – c. €115 – €120 p.w.

 

Franklins Residential Lettings have a constant steady demand for rental properties in Ramelton and surrounding areas.

 

Nos. 26, 29, 30 & 33 – 4 bedroom town houses of c. 140 sq metres

Nos. 23, 24, 27, 28, 31 & 32 – 3 bedroom town houses of c.125 sq metres

No. 25 – 3 bedroom duplex & 1 bedroom

No. 22 – 3 bedroom two storey property

 

Lennon Grove, Letterkenny Road, Ramelton, Co Donegal