14 Apartments at Brookwood Abbey, Artane, Dublin 5

Asking Price: €3,750,000

Property Location

Artane is a densely populated residential area on the north side of Dublin City. The subject property is located along Brookwood Grove, which is accessed off Gracefield Road. The surrounding area is predominantly residential in nature with Our Lady of Mercy Church situated directly to the rear of the property. Local facilities include Mc Auley Park, Beaumont Hospital, St Joseph’s Hospital and Clontarf Golf Club. A range of amenities including shops and cafes are available in Artane Village, and in the neighbouring villages such as Raheny, Killester and Coolock. The property is well served by public transport with the Harmonstown Train Station situated approximately 900m to the south. Several Dublin Bus routes also serve the area providing access to the City centre and the surrounding suburbs.

Property Description

The property comprises a portfolio of 14 apartments set within a scheme of 40 apartments. The building is arranged over a basement car park, ground and two upper floors. The subject portfolio comprises 11 x two-bedroom apartments, 2 x one-bedroom apartments and 1 x three bedroom apartment. The basement provides 40 car parking spaces for the development: each apartment therefore has the use of one space. A breakdown of the accommodation and floor areas is contained within the accommodation and tenancies section overleaf.

Property Specification

• Multi Family Investment • Comprising 14 apartments set within a small scheme of 40 apartments • 11 x two beds, 2 x one beds and 1 x three bed apartment • 11 out of the 14 apartments are subject to tenancy agreements • Total current rent of €213,600 per annum (with vacant possession of 3 x apts) • Estimated rental value of €275,762 per annum when fully let

Lease Terms

At present 11 out of the 14 apartments are let, producing a rent of €213,600 per annum. Once fully let, the ERV will be in the region of €275,762 per annum.

Service Charge

Available from agent

Title

Long Leasehold

VAT

VAT is applicable on the sale

BER Rating

B3_D2_BER_RGB_Web_and_PC.png

BER Number

Available upon request

Energy Performance Indicator

141.69 kWh/m²/yr - 275.22 kWh/m²/yr

Particulars

Unit Floor Accommodation Size Sq. m Size Sq. ft Rent Per Annum Lease Commencement
21 First Two bedroom 76 820 19,800 20th July 2017
25 First One bedroom 59 635 15,600 28th June 2017
26 First Two bedroom 68 735 19,800 1st August 2017 (HAP)
27 First Two bedroom 63 681 19,800 19th August 2017
28 First Two bedroom 65 697 9,800 26th October 2017 (No fixed term, part 4 tenancy)
29 First Three bedroom 84 899 22,200 17th August 2017
32 Second Two bedroom 83 894 21,600 1st July 2017
33 Second Two bedroom 77 829 0 Vacant
34 Second Two bedroom 91 983 19,800 1st July 2017
35 Second Two bedroom 78 841 19,800 4th July 2017
37 Second One bedroom 58 631 15,600 17th July 2017 (No fixed term, part 4 tenancy)
38 Second Two bedroom 68 732 0 Vacant
39 Second Two bedroom 63 674 19,800 4th September 2017
40 Second Two bedroom 64 694 0 Vacant
- - - 997 10,745 213,600 -
Prospective Purchasers are advised to satisfy themselves with regard to the accuracy of the measurements provided

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