Property Description

James L. Murtagh Auctioneers are delighted to present this investment opportunity at ‘Beechview’, Rathwire, Killucan, Co. Westmeath. An exceptional investment opportunity to acquire a fully occupied block of six residential apartments, offering immediate income and strong long-term potential. Opportunities of this scale in a single residential acquisition are increasingly rare, making this a compelling proposition for investors seeking both security and scale.
The property extends to approximately 450 sq. m. (4,884 sq. ft.) and is arranged over two floors. The ground floor comprises three 2-bedroom apartments, while the first floor contains three 2-bedroom apartments. The layout provides an efficient and well-balanced mix of unit types, supporting consistent rental demand.
The building is currently 100% occupied, generating a strong gross annual rental income of €74,160, equating to an average rent of €6,180 per month. All tenancies are in place and unaffected by the sale, ensuring immediate and uninterrupted income from day one.
This asset presents a rare opportunity to acquire a fully let, income-producing residential block with built-in diversification across six units. With established tenants, stable cash flow, and potential for future rental growth subject to market conditions, it offers an attractive blend of yield and long-term investment security.
Rathwire–Killucan in County Westmeath is a twin village set in a quiet rural area just east of Mullingar, within easy commuting distance of Dublin via the nearby R156 and M4/M6 motorway network. It offers strong road connectivity while retaining a peaceful village atmosphere, making it popular with commuters and families. The area is well served by local primary schools and Columba College secondary school, along with everyday amenities such as shops, sports clubs, and community facilities. Its appeal lies in the balance of countryside living, a close-knit community, and convenient access to major employment centres.

BER Details

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This property was last updated: 8 days ago