Property Description

PRIME MULTI-UNIT INVESTMENT BLOCK | 12 Apartments at River View, Main Street, Ballinasloe, Co. Galway (H53 AE75)

Keller Williams Ireland is proud to present a rare, high-yield multi-unit residential opportunity in the heart of Ballinasloe, Co. Galway. Offered at an asking price of €2,200,000, this complete multi-unit holding comprises 12 modern apartments situated within a single, purpose-built block at River View, Main Street.

Comprising six two-bedroom units and six four-bedroom units, this entire block is being sold in one single lot under one title, representing an exceptional turnkey asset tailored specifically for institutional investors, private funds, family offices, and Approved Housing Bodies. Strategically positioned on Main Street, the property benefits from an ideal location within walking distance of Portiuncula University Hospital, major regional employers, and key transport links. It enjoys direct connectivity via the M6 motorway—placing Galway City just 40 minutes away, Athlone 15 minutes away, and Dublin 90 minutes away—alongside direct access to the Dublin-Galway mainline rail service at Ballinasloe Train Station.

From a building specification perspective, this portfolio presents a superior energy efficiency profile. Following a period of vacancy over two years ago, the building underwent extensive structural renovations and capital improvements. All external walls were pumped with high-grade insulation, all attic spaces were re-insulated to an exceptional standard, and all external doors were upgraded. These works successfully elevated ten of the twelve units to a high-performance B2 Building Energy Rating, with the remaining two achieving a strong C1 BER. This comprehensive retrofitting guarantees extremely low operational friction, reduced ongoing maintenance overheads, enhanced tenant retention, and total qualification for preferential green financing rates and modern ESG mandates.

Furthermore, incoming purchasers can leverage additional Sustainable Energy Authority of Ireland (SEAI) grant schemes to pursue further energy upgrades across the block if desired. The financial performance of this portfolio delivers outstanding income potential. Based on conservative market rental estimates of €1,400 per month for each of the two-bedroom apartments and an average of €2,050 per month for the four-bedroom apartments, the total block generates an estimated gross monthly income of €20,700. This brings the projected gross annual income to €248,400 per annum, reflecting an exceptional gross rental yield return of 11.29% and a capital rate of approximately €183,333 per door. At an asking price of €2.2M, an 11.29% yield offers an outstanding income-to-capital ratio that significantly outperforms regional and Dublin averages while offering immense inflation protection and versatile revenue models across long-term residential leasing, corporate lets, or housing body agreements.

Viewing is strictly by private appointment through sole selling agents Keller Williams Ireland. Full tenancy schedules, building documentation, and virtual walkthrough assets are available upon request to qualified principals.

Please contact Liam Farragher, Head of Sales at Keller Williams Ireland, for further details. Please note that this appraisal and projected yield return analysis have been compiled on a desktop basis using estimated market rental values and listing metrics. Final yield performance and operational figures are subject to tenancy schedules, lease agreements, and a full physical inspection of all individual units.

BER Details

BER No. 116725490

Energy Performance Indicator: 0.00 kWh/m2/yr

This property was last updated: today, 4 hours 8 minutes ago