ROBIN HILL - Entire Multi-Family Block of 51 Investment Apartments - Dundrum, Dublin 16 - Lisney
←
→
Page content transcription
If your browser does not render page correctly, please read the page content below
ROBIN HILL
Dundrum, Dublin 16.
Entire Multi-Family Block of 51 Investment Apartments
www.robinhillinvestment.ie
2
Investment Summary
• An opportunity to buy an entire block of 51 apartments located in a
mature and popular residential location close to Dundrum
• The offering is currently generating a rent of €498,240 per annum
based on occupancy of 70%; compared to an estimated rental value
of €994,800 per annum when fully let
• The Dublin apartment letting market is performing very strongly with
demand outstripping supply. Dundrum and Sandyford are in high
demand with tenants
• Apartment rents grew by 8.7% during 2015
DUNDRUM
M50 CLOSE TOWN
TO
CENTRE
SANDYFORD
ESTATE
LUAS
ATTRACTIVE BLOCK
COMPLETED
51 2007
82
BASEMENT
APARTMENTS SPACES
2x 47x 2x
1 BED APARTMENTS 2 BED APARTMENTS 3 BED PENTHOUSES
CURRENT
INCOME ERV
E498,240 E994,800
ONLY 70% LET
3
Blackrock
Stillorgan
Dunnes Stores
LUAS Green line
Stillorgan Industrial Park
The Beacon Hotel
The Bea
Naomh Olaf GAA Club
Balally Shopping Centre
Primary School
Irish Management Institute
Dundrum Town Centre
4
Foxrock
Leopardstown Race Course
Central Park
LUAS Green line
acon Hospital
ROBIN
HILL
M50
Sandyford Road
Sandyford Village
For identification purposes only.
5
Robin Hill
The Location
Robin Hill is located in the increasingly popular Dundrum area, just off the M50 between
Dundrum Village and Sandyford, at the junction of Sandyford Road and Blackthorn Drive.
It lies 550 metres west of the Beacon Hospital and 1.25 km southeast of Dundrum Town Centre.
800m
LUAS GREEN LINE 700M AWAY
8.5kmDUBLIN CITY
• Within walking distance to Dundrum Town Centre and Beacon South Quarter
• Very popular letting and owner occupier location
• Easy motorway access at junction 14 of the M50 (700m)
• Close
M2 to Dublin’s premier suburban office location including Microsoft’s European HQ
• Numerous sports clubs, leisure amenities and Leopardstown racecourse nearby
• Beacon and Clayton hotels nearby
SWORDS MALAHIDE
MALAH
MALAHI
A HIDE
M1
DUBLIN PORTMARNOCK
AIRPORT
CLONGRIFFIN
M50
BLANCHARDSTOWN
SANTRY
CLONSILLA HOWTH
CLONTARF
M50
LUCAN
CITY
CENTRE DUBLIN
CLONDALKIN
RANELAGH DUN LAO
LAOGHAIRE
TALLAGHT DALKEY
DUNDRUM
STILLORGAN
ROBIN
HILL
M50
KILLINEY
SANDYFORD
M11 BRAY
6
DU
BL
Dundrum Town Centre
IN
R825
RO
R826 R825
AD
Airfield
STILORGAN
AD EAST DUNDRUM
TOWN
CENTRE KILMACUD WEST
LUAS LINE
R826
DUNDRUM
R825
KILMACUD
BALALLY
ROBIN BE
NI
LD
AS
HILL AV
ENU
SAND
E STILLORGAN
DRU
YFOR
MM
Resevoir
ART
Ballawley Park
D ROA
IN L
INK
NTEER
D
N3
RO
Beacon
AD
R117 South SANDYFORD
E.
Quarter
AV
ER Irish Managment Beacon
TE Institute Campus Hospital
LLIN RIVE
HORN D
BA BL ACKT
R826 BALALLY
TIPPERSTOWN
SANDYFORD ESTATE
N31
M50 N31
LUAS LINE
SIMON’S RIDGE SANDYFORD
LEOPARDSTO
N31
R113 M50 CENTRAL PARK
Not to scale, for illustration purposes only.
Balally LUAS Stop Marlay Park
7
Robin Hill
Description
• Robin Hill comprises a four-storey curved building of 51 apartments over basement car
parking, with a central landscaped courtyard. The development was completed circa 2007 to a
very high standard
• The Investment comprises the freehold interest in the entire development of 51 apartments
and 82 car parking spaces
• The development is also landscaped
• Robin Hill benefits from pedestrian access onto Sandyford Road and Blackthorn Drive. Access
to the underground car park is off Blackthorn Drive, via Limes Road / Rowans Road
Robin Hill from east side, Rowans Road
Balcony
8
ENTIRE BLOCK CAR PARKING
51 APARTMENTS Basement
COURTYARD
Landscaped and
Communal
BALCONIES
DISTINCTIVE and Terraces
Corner Block
FOUR STOREYS
Completed 2007
For identification purposes only.
9
Robin Hill
Outline OS map of Robin Hill
Not to scale, for illustration purposes only.
Kitchen
10Internal Courtyard
Schedule of Accommodation
Details of the apartment’s gross internal floor areas are set out below.
Unit Type 1 Bed 2 Bed 2 Bed Penthouse 3 Bed Penthouse Total
Total 2 41 6 2 51
Average Unit Size (sq.m.) 50 86 90 124 4,414
Average Unit Size (sq.ft.) 538 926 969 1,335 47,512
All intending purchasers are advised to verify the floor areas and undertake their own due diligence.
11Robin Hill
Specification
Common Areas Windows and Doors
• CCTV to common area and access control • High quality double-glazed composite windows
• Attractive landscaped courtyard areas. Quality with floor to ceiling windows and patio doors in
paving throughout living rooms to maximise natural light
• Stairs and corridors finished in high quality tiles • Solid hardwood main entrance door to apartments
• Secure individual post boxes • Selected veneer doors with chrome furniture to all
• Secure underground parking internal doors
Kitchen Electrics
• Contemporary designed kitchens • Apartments are pre-wired for cable television,
• Integrated appliances alarm and telephone
• High quality floor tiling • Security video intercom to apartments
• Generous electrical specification
Bedrooms • Chrome finishes to switches and sockets in living
rooms and kitchens
• Full height fitted wardrobes with integrated
shelves and hanging rails
• Majority of the two and three bedroom
Lift
apartments have master bedroom en-suite • High speed lifts which serve all floors from
• Wired for TV and telephone in all bedrooms underground car park
Bathroom Flooring
• Luxuriously appointed bathrooms • High quality tiles to hallways, kitchens, living
• Fully tiled rooms and dining areas. Carpets to bedrooms and
• Chrome and glass bath/shower screen tiles to bathrooms and en-suites
• Thermostatically controlled high-pressure shower
Heating and Hot Water
• Communal Natural Gas central heating
with unit metres
• Pressurised hot water system
12Living/ Dining room
Bedroom
13Robin Hill
Investment / Tenancy Details
• Thirty-six of the Robin Hill apartments are • The current rental income is €498,240 per
currently let (70%). Fifteen of the apartments annum based on the thirty-six let units
are vacant of which three are fitted out for
letting and twelve are yet to be fitted out. • There is an immediate opportunity to significantly
increase the rental income securing tenants for
• The rented apartments are let on short term the fifteen vacant apartments and reviewing
residential tenancy agreements, the majority of rental levels on the tenanted apartments
which are for a fixed 12 month period
Unit Type 1 Bed 2 Bed 2 Bed Penthouse 3 Bed Penthouse Total
Total Units 2 41 6 2 51
Average Unit Size (sq.m.) 50 86 90 124 4,414
Average Unit Size (sq.ft.) 538 926 969 1,335 47,512
No. of Current Vacant Units 0 14 1 0 15
Average Rent per Unit (p.m.) €1,150 €1,193 €1,131 €1,225 €498,240 p.a.
Estimated Rental Values per Unit (p.m.) €1,350 €1,600 €1,750 €2,050 € 994,800 p.a.
Economic Overview at a Glance
22% FALLING
UNEMPLOYMENT
20%
DUBLIN
RATE
15% 8.8%
8.7% STRONGEST
EMPLOYMENT
10% GROWTH RATE IN
EUROPE
5%
4.8% 4.1%
1.2%
DUBLIN
IS THE INTERNET
1,150
INTERNATIONAL
HUB OF EUROPE
CORPORATE’S
HEADQUARTERED IN
DUBLIN
APT GDP GROWING EXCHEQUER POP. GROWTH
RENTS GROWTH CONSUMER RETURNS PROJECTED IN
RISING SPENDING DUBLIN 2016-2021
14Further Information
Floor Plans Website and Data Site
Available on the Data Site. www.robinhillinvestment.ie
Tenure Vendor
We understand that the subject property is Joint Statutory Receivers Paul McCann and
held on a single freehold title. Stephen Tennant of Grant Thornton.
Estate Management Terms
The development is managed by Lowe & For Sale by Private Treaty in a single lot.
Associates. Full details are available in the
Data Site.
Pricing
On application.
Building Energy Ratings
The BER’s for the subject apartments range
from B1 - D1. Individual BER numbers are Solicitors
available on the data site.
Gartlan Furey Solicitors,
20 Fitzwilliam Square South,
Dublin 2.
Building Survey
Assignable building survey available on
the Data Site.
Viewings
Viewings are strictly to be arranged through
the joint selling agents.
15Joint Selling Agents
Lisney Hooke & MacDonald
St. Stephen’s Green House 118 Lower Baggot Street,
Earlsfort Terrace, Dublin 2,
Dublin 2, Ireland.
Ireland.
www.lisney.com www.hookemacdonald.ie
PSRA licence No.001848 PSRA Licence No. 001651
Duncan Lyster David Cantwell
+353 (0)1 638 2 743 +353 (0)1 631 8402
dlyster@lisney.com davidc@hookemacdonald.ie
Lynda Gordon Donald MacDonald
+353 (0) 1 638 2768 +353 (0)1 631 8450
lgordon@lisney.com donald@hookemacdonald.ie
Frank McSharry Gavin Hanlon
+353 (0)1 638 2 717 +353 (0)1 631 8403
fmcsharry@lisney.com gavin@hookemacdonald.ie
ROBIN HILL
www.robinhillinvestment.ie
PROPERTY MISREPRESENTATION ACT
design | conradjones.com
The Joint Agents and the 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. The 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, Lessees 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. Lisney and /
or 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 Lisney and / or 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.You can also read
