Cost rental apartments in Limerick from €990 per month
New development beside Chawke's on Dublin Road
A NEW cost rental housing development has come to the market.
On behalf of the Land Development Agency, Property Management Ireland (PMI) present The Square at The Mills in Castletroy.
It's located beside the landmark Chawke's garage at Dublin Road, close to the Kilmurry Roundabout.
Rents for the one-bedroom units start from €990 and go up to €1,235 for two-bedroomed apartments.
In simple terms, cost rental housing is designed to provide affordable accommodation for those who are above the threshold to quality for social housing, but have difficulty affording private rented homes.
It's called ‘cost rental’ because the rent paid is based on the cost of building, managing and maintaining the homes.
It does not include any profit for a developer. This makes the rent cheaper than standard rents. The rent for cost rental homes must be at least 25% below regular market rents in an area.
PMI has been appointed as both block and letting mangers by the LDA and it's the first LDA development in Limerick.
This location is easily accessible to Limerick city centre, University of Limerick, Plassey Technology Park, Castletroy Town Centre, the M18 Motorway and a number of other local amenities including primary and secondary schools.
The Square comprises 81 apartments.
The rent under this Cost Rental application process is subject to meeting the eligibility criteria detailed on the LDA website www.lda.ie.
The apartments are provided unfurnished with fully fitted kitchen and white goods, integrated wardrobes in double rooms.
bathroom fittings, plus blinds and flooring throughout.
A rated apartments, they have a centralised heating systems.
People who want to register an interest in these properties have until Tuesday, January 21.
For more information on this, please visit www.lda.ie and follow the online instructions.
Applications are online only; registration of interest cannot be made by post, email or over the phone.