RESIDENTIAL INVESTMENT PORTFOLIO

Transcription

1 RESIDENTIAL INVESTMENT PORTFOLIO FOR SALE BY PRIVATE TREATY PENTHOUSE COLLECTION DUNDRUM DUBLIN LUXURY PENTHOUSES & APARTMENTS BESIDE BALALLY LUAS AND OPPOSITE DUNDRUM TOWN CENTRE *TENANTS NOT AFFECTED

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3 LOCATION DUBLIN CITY CENTRE ST. STEPHEN S GREEN DUBLIN PORT ST. STEPHENS GREEN 2. UCD HARCOURT CHARLEMONT 1 DART LINE 1. Luas Green Line RANELAGH RANELAGH LUAS GREEN LINE 2 ELM PARK BOOTERSTOWN MILLTOWN UCD N11 MILLTOWN GOLF COURSE 3. Airfield Estate CASTLE GOLF CLUB DUNDRUM DUNDRUM GOATSTOWN 3 4. Dundrum Town Centre 4 DUNDRUM TOWN CENTRE BALLALY GRANGE GOLF CLUB MARLAY PARK BALALLY PARK SANDYFORD 5 STILLORGAN SANDYFORD LEOPARDSTOWN TO AIRPORT M50 FOXROCK 5. Sandyford The Rockfield & Riversdale developments are superbly located in the heart of Dundrum directly beside Balally Luas stop and opposite Dundrum Town Centre, Ireland s largest Shopping Centre with almost 140,000 sq.m. of floor space and 169 tenants. Balally Luas Stop serves Dublin City and South Dublin, linking Rockfield with Dublin city centre in just 15 minutes and Sandyford within 10 minutes. There is direct access to the M50 Motorway providing easy access to the national motorway network. Dundrum is within easy reach of a wealth of amenities, overlooking the Airfield Heritage Urban Farm, close to health clubs, golf courses and Leopardstown Race Course.

4 4 TO DUNDRUM VILLAGE TO GOATSTOWN TO M50 TO SANDYFORD KEY: 1. ROCKFIELD 2. RIVERSDALE 3. BALALLY LUAS STOP 4. DUNDRUM TOWN CENTRE 5. TESCO 6. RSA INSURANCE 7. VHI SWIFTCARE 8. AIRFIELD ESTATE URBAN FARM 9. OVERENDS RESTAURANT OPPOSITE DUNDRUM TOWN CENTRE

5 GREEN LUAS LINE AIRFIELD BALALLY LUAS STOP IS WITHIN ROCKFIELD

6 DESCRIPTION The Rockfield Collection comprises 25 luxury penthouses and apartments. This sale includes 18 penthouses, and 7 apartments spread out over a number of blocks in Rockfield and Riversdale, Dundrum. Developed by Gannon Homes between 2001 and 2004 the Rockfield & Riversdale Developments were designed by Conroy Crowe Kelly Architects and built by Pierce Construction. The apartments are all let with the exception of three units for show purposes. All of the penthouses and apartments have balconies or terraces. All penthouses are Dual Aspect. s have commanding views and barrel vaulted ceilings. The apartments are all fully fitted and furnished. Tenants not affected. Strong transport connections with onsite Luas at the Balally Luas Stop. Close to M50 & Sandyford. VIEWS OVER AIRFIELD ESTATE N11 SYCAMORE 3 Units ELM LIME ROWAN 1 Unit HOLLY 3 Units VIEWS OVER AIRFIELD ESTATE BALLALY PARK AND RIDE 4 Units WILLOW ROCKFIELD 10 Units OAK VHI SWIFTCARE DUNDRUM 3 Units LINDEN BIRCH RIVERSDALE 1 Unit COMMERCIAL LUAS STATION COMMERCIAL BLACKTHORN DUNDRUM TOWN CENTRE RSA VIEWS OF MOUNTAINS TESCO PETROL STATION M50 SANDYFORD ROAD N

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8 SCHEDULE OF ACCOMMODATION RE ARE 25 PENTHOUSES AND APARTMENTS SPREAD OVER A NUMBER OF APARTMENT BLOCKS. BLOCK NAME APT NO. FLOOR LOCATION TYPE * AREA(sq.m.) OAK 70 4th Floor st Floor th Floor BLACKTHORN Gr. Floor 69.6 LINDEN HOLLY nd Floor 75.3 WILLOW nd Floor 70.0 ELM 16 3rd Floor ROWAN *N.B. Many of the + Study Apartments are laid out and rented as 3 bed apartments

9 SAMPLE FLOOR PLAN LAYOUTS (Not to Scale) ALL FLOOR PLANS AVAILABLE IN DATA ROOM Living Room EnSuite Balcony Bedroom 1 HP Study Kitchen / Dining Balcony Hall Bathroom Bedroom 2 88 HOLLY, ROCKFIELD 2 BED + STUDY PENTHOUSE c.116 sq.m EnSuite Bedroom 1 HP HP Kitchen / Dining Hall Bathroom Bedroom 2 Living Room Balcony Balcony 18 ELM, ROCKFIELD 2 BED PENTHOUSE c.102 sq.m Bedroom 1 Bedroom 2 Balcony EnSuite Hall Living Room Lift Bathroom HP Kitchen / Dining 12 WILLOW, ROCKFIELD 2 BED APARTMENT c.75 sq.m

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11 INVESTMENT SUMMARY A rare opportunity to buy a portfolio of luxury 25 penthouses and apartments. 18 Apartments and 7 No. 2 bedroom apartments. All let on short term residential agreements, all tenancies registered with the RTB (tenants not affected). 22 of the 25 units are currently generating a rent of 460,032 per annum increasing to approx 535,600 when the three show units are re-let. The Dundrum rental market is performing extremely strongly with demand outstripping supply. The apartments are in high demand, due to the Balally Luas Stop at Rockfield, the Dundrum Town Centre just across the road, access to the City Centre and large employment in Sandyford and Leopardstown. Opportunity to refurbish units and increase letting/sale value. 18x s 7x Apartments 12 X NO. 2 BED + STUDY 6 X NO. 2 BED Average Current Rent 1,867 p.m. 7 X NO. 2 BED APARTMENTS Average Current Rent 1,400 p.m. VIEW FROM PENTHOUSE GUIDE PRICE VIEW FROM PENTHOUSE 7,700,000 AVERAGE UNIT PRICE 330, ,000 PROJECTED INCOME INVESTMENT YIELD CURRENT INCOME 535,632 p.a. WITH ALL 25 UNITS RENTED 6.7% NET OF ACQ. COSTS 460,032 p.a. Excl. 3 no. VACANT SHOW UNITS

12 FURR INFORMATION WEBSITE AND DATA ROOM SITE PRICE Offers are sought in excess of 7,700,000 refelecting an initial gross yield of 6.7% (net of acquisition cost). FLOOR PLANS Available on Data Room site SOLICITORS Smith Foy & Partners 59 Fitzwilliam Square Dublin 2 D02TX46 Ireland +353 (0) info@smithfoy.ie ON INSTRUCTIONS OF BER The BER s for the 25 units range from B2 to D1. Individual BER details are available on Data Room site. SOLE AGENTS VIEWINGS Viewings by prior appointment Contact Iain Finnegan or Glenn Burrell on rockfield@finneganmenton.ie 17 Merrion Row, Dublin 2, D02EP94, Ireland PSRA: PARTICULARS TO BE NOTED: Finnegan Menton for themselves and for the vendors or lessors of this property whose agents they are, give notice that: 1. In the event of any conflict between the particulars and the contract or conditions of sale, the contract or the conditions of the sale shall prevail. 2. All descriptions, dimensions references to conditions and any necessary permission for use and occupation and other details are given in good faith and are believed to be correct, but any intending purchasers or tenants should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of each of them. 3. The particulars are set out as general guidance for the intending purchaser or lessor and do not constitute, nor constitute part of an offer or contracts. 4. No person in the employment of Finnegan Menton has any authority to make or give any representation or warranty whatever in relation to the property. Ordnance Survey Ireland Licence No. AU Subject to Contract / Contract Denied. PSR Licence No