7 Apartments & 7 Carpark Spaces, Park House, Benson Street, Dublin 2, Dublin, D02W663€3,750,000 B2

Investment Property For Sale

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Description

Excellent Multi-Family investment opportunity in Grand Canal Dock at a NIY of 5.1%.
The property for sale includes 7 x two bed apartments in Park House on Benson Street.Park House is a multi family development in Dublin's Grand Canal area directly adjacent to the Chocolate Park which is currently under construction to provide a new facility for the neighbourhood.The units are arranged to provide an entrance hall, an open plan kitchen/living/dining room, two bedrooms (master en-suite) and a bathroom.The apartments are laid out over ground, first, second, fourth and fifth floors.
Each benefits from one underground parking space.
The residential units are all within Park House, located on Benson Street in Dublin's Grand Canal Dock.Grand Canal Dock is a vibrant area located to the south of the Quays to the east of Dublin City Centre. The subject properties are located on Benson Street, which is situated between Sir John Rogerson's Quay and Hanover Quay.Surrounding occupiers include a number of large multi nationals including Facebook, Google, Linkedin, Accenture, Matheson and McCann Fitzgerald.Additional amenities within close proximity of the property are the Bord Gáis Energy Theatre, the
Marker Hotel, the Convention centre, alongside a range of cafes and restaurants.

  • Tenant City Break Apartments Ltd
  • Lease commencement  1st July 2017
  • Term 15 years
  • Rent reviews at the end of years 5 & 10 linked to the performance of the CPI
  • Rent 200,000 paid monthly in advance
  • Tenant responsible to repair, maintain, replace and reinstate the property, furniture and equipment
  • Tenant responsible for service charge, insurance, electricity and gas
The units are laid out as follows:

Negotiator

Johnny O'Connor

BER Details

BER: B2
kWh/m2/yr