Excellent Investment Opportunity in Dublin 1 modern development of 15 Apartments For Sale in One Lot

Transcription

1 Excellent Investment Opportunity in Dublin 1 modern development of 15 Apartments For Sale in One Lot

2 Grand Canal Dock St. Stephen s Green Convention Centre rinity College Grafton Street NCI IFSC Busaras Connolly Station Gardiner Street O Connell Street INVESMEN SUMMARY Multi-family investment opportunity in city centre location close to O Connell Street and the IFSC CENRAL LOCAION Rotunda Hospital 15 modern apartments for sale in one lot (retail units are not included) 10 one bedroom and 5 two bedroomed apartments Current rental income E153,000 p.a. with one unit vacant (show-unit) 15 APS FOR SALE Mountjoy Square Significant potential to increase income when rents are brought in line with current market rents Estimate Rental Value of E228,000 per annum based on average rent of E1,200 per month for one bedroom and E1,400 for two bedroom apartments 228,000 ESIMAE RENAL VALUE 2 3

3 MIDDLE GARDINER SREE, DUBLIN 1 HE LOCAION Modern building situated in popular city centre location close to the IFSC, Custom House, Connolly Station and Busaras, Jervis Centre, Henry Street and rinity College Convenient to shops, restaurants, cafes, businesses and office hubs, leisure facilities, cinemas and theatres Well served by public transport, bus routes, Luas and DAR Sought after location by residential owner occupiers and tenants D WICK S U A Y H BOW S DALYMOUN PARK K I I G H P H I B S B O R O U G H R O A D H I L L C O N S I U I O N N G S N O R H C I R C U L A R R O A D DOMINICK S I NNS Q Y ORMOND QY LWR ORMOND QY UPR UAY M E R C H A N S BR ID GE S CHURCH SREE FRANCIS SREE H E C O O M B E L S P R O MARYS LANE P ARICK S N E W S LORD KEVIN S Q U A Y ECCLES SREE S M O U N J O Y C A P E L DOMINICK S BOLON S D O R S E S EDWARD S. WERBURGHS BRIDE SREE H E Y P A R N KEVIN S R O A D PARNELL SQ D A M E AUNGIER SREE SH G GEORGES S E L L S WELLINGON QY WICKLOW S SREE M A R Y S H E N R Y S A B B E Y SEPHEN S DRUMMCONDRA R E E EMPLE S. NH. FREDERICK S DRURY S YORK SREE CUFFE S U PP E R NH G GEORGES S W E S R E E O C O N N E L L S O U H N O R H C I R C U L A R R O A D G A R D I N E R LOWER GARDINER SREE MARLBOROUGH BACHELORS WALK EDEN QUAY ASON QY BURGH QY EMPLE BAR SH WILLIAM S SH. KING S L R. GRAFON S ALBO SREE D A W S O N S MOUNJOY SQUARE COLLEGE S RINIY COLLEGE C L O N L I F F E R O A D JONES 'S ROAD P E A R S E NASSAU SREE N O R H MERRION ROW C SH. FREDERICK S MOLESWORH S LR L S U M S SEPHENS GREEN IVEAGH GARDENS SREE D OLIER S FLEE S E A S K I L D A R E S M E R H I L L SEAN MAC DERMO SREE C U S O M G E O R G E S Q Y O W N S E N UPR MERRION S PEMBROKE S CROKE PARK ROYAL CANAL Busaras ARA S PORLAND ROW SEVILLE PLACE S O U H AMIENS S IFSC F E N I A N S N O R H L O W ER B A G G O ZWILLIAM SREE C I Y Q U A Y P E A R S E POP N O R H S R A N D R D H O U S E Q U A Y N O MERRION SQUARE BALLYBOUGH RD CONNOLLY H A N O V E R S G R A N D C A N LOWER MOUN S UPPER MOUN S National College Ireland S I R E A S N GRAND CANA 4 5

4 MIDDLE GARDINER SREE, DUBLIN 1 ENANCY SCHEDULE Unit ype Floor Size sq.m. Description Monthly Rent Annual Rent 2 A FIRS 54 1 BED E850 E10,200 3 A FIRS 44 1 BED E850 E10,200 4 A FIRS 43 1 BED E850 E10,200 6 A SECOND 54 1 BED E850 E10,200 7 A SECOND 44 1 BED SHOW UNI SHOW UNI 8 A SECOND 42 1 BED E850 E10, A HIRD 54 1 BED E850 E10, A HIRD 44 1 BED E850 E10, A HIRD 42 1 BED E850 E10, A FOURH 47 1 BED E850 E10,200 1 A FIRS 59 2 BED E1,000 E12,000 5 A SECOND 59 2 BED E950 E11,400 9 A HIRD 59 2 BED E950 E11, A FOURH 61 2 BED E1,100 E13, A FOURH 59 2 BED E1,100 E13,200 otal 765 E12,750 E153,000 All intending purchasers should satisfy themselves in relation to floor areas. HE PROPERY Middle Gardiner Street comprises 15 apartments in a modern five storey building built by Danninger in c he ground floor retail units are not included in the sale he development is laid out in a single rectangular shaped building, with good frontage to Middle Gardiner Street he subject of the sale is 15 apartments, 10 of which are one bedroom apartments (42-54 sq.m.) and 5 are two bedroom apartments (59-61 sq.m.) here are 4 apartments on each floor, all of which are fully fitted, and each level is served by a lift and staircase All apartments are currently let on short term leases, except for one unit being left vacant for viewing purposes during the sale process ENANCY DEAILS he apartments are all occupied under short term residential lease agreements, with the exception of No.7 which is being kept vacant for viewing purposes he current rents average E850 per month for the one bedroom units and E1,020 per month for the 2 bedroom However, recent rents achieved in the vicinity average E1,200 per month for 1 bedroom units and E1,400 for the 2 bedroom units. Consequently, once fully let at current market levels, the total income from the apartments would be in the region of E228,000 per annum 6 7

5 FURHER DEAILS VIEWINGS Strictly by appointment through the sole selling agents Hooke & MacDonald. SELLING AGENS ILE We understand that the properties are held on a long leasehold title. BER INFORMAION BER ratings C1-C3. Individual BER numbers are available on request. SOLICIORS Hayes Solictors Lavery House, Earlsfort errace, Dublin 2. Hooke & MacDonald 118 Lower Baggot Street, Dublin 2. el: Fax: sales@hookemacdonald.ie PSRA: Contact John Farrell johnf@hookemacdonald.ie Enda Moore endam@hookemacdonald.ie Gavin Hanlon gavin@hookemacdonald.ie he Agents and the Joint Vendors give note that the particulars and information contained in this brochure do not form any part of any offer or contract and are for guidance only. he particulars, descriptions, dimensions, references to condition, permissions or licences for use or occupation, access and any other details, such as prices, rents or any other outgoings are for guidance only and are subject to change. Maps and plans are not to scale and measurements are approximate. Whilst care has been taken in the preparation of this brochure intending purchasers, Leassees or any third party should not rely on particulars and information contained in this brochure as statements of fact but must satisfy themselves as to the accuracy of details given to them. Hooke & MacDonald nor any of their employees have any authority to make or give any representation or warranty (express or implied) in relation to the property and Hooke & MacDonald nor any of their employees nor the vendor or lessor shall be liable for any loss suffered by an intending purchaser/lessees or any third party arising from the particulars or information contained in this brochure. design conradjones.com