BELMONT COURT 18 APARTMENTS FOR SALE MIDDLE GARDINER ST DUBLIN 1 CITY CENTRE INVESTMENT OPPORTUNITY

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1 BELMON COUR MIDDLE GARDINER S DUBLIN 1 18 APARMENS FOR SALE CIY CENRE INVESMEN OPPORUNIY

2 BELMON COUR INVESMEN SUMMARY Excellent multi-family investment opportunity in city centre location close to O Connell Street and the IFSC 18 modern apartments for sale in a single lot within a larger development 9 one bedroom, 7 two bedroom and 2 three bedroom apartments with 11 car parking spaces 100% occupancy-current rental income 227,820 per annum Very strong rental location Significant potential to increase income when rents are brought in line with current market rents Estimated rental value of 264,000 per annum based on average ERV s of 1,100 per month for one bedroom and 1,300 per month for two bedroom apartments and 1,500 for three bedroom apartments ESIMAED RENAL VALUE OF 264,000 PER ANNUM 2 3

3 D A B R A A N O W N REE SEVENS LANE L A R L A N D A V E S Q U A R R Y A U G H R I M S W O L F E O N E Q U A Y E L L I S Q Y V I C R E R O P R U S S I A ARBOU E A D M A N O R R E E P A R N E N O R H C I R C U L A R HALLIDAY RD R H I L L O R I A Q U A Y D O W H A V E B E N B U R B WALING S H O M A S MARKE S MARROWBONE LANE D O N O R E A V E N UE BRUNSWICK S N O S O U H C L L C L O G H E R CHA RLEVILLE RD USHERS ISL C O N N A U G H RAHDOWN G R A N G E G BLACKHALL PL BRIDGEFOO S PIMLICO C O R K ROYAL CANAL Q U E E N S U P P E R O R M A N R SMIHFIELD H K A R R A N QU A Y USHERS QUAY M E A H S ARDEE S MANGAN D U F F E R I N A V E ROAD H I G H I R C U L A BOW S DALYMOUN PARK BR ID GE S CHURCH ROSS RD I N SREE P H I B S B O R O U G H H I L L C O N S I U I O N G S N O R H C I R C U L A R DOMINICK S I NNS Q Y ORMOND QY LWR ORMOND QY UPR M E R C H A N S FRANCIS SREE H E C O O M B E CLANBRASSIL S P R O S P E C CLANBRASSIL S R R KINGS INN MARYS LANE PARICK S N E W S O LORD KEVIN S A D I O N A S. L I N D S A Y W H I W O R H 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 KEVIN S H E Y E S B U R Y S PARNELL SQ P A R N D A M E AUNGIER SREE RICHMOND S C A M D E N G R O V E CAN AL RD SH G GEORGES S ES ROAD E L L S WELLINGON QY M A R Y S H E N R Y S A B B E Y SEPHEN S R E E EMPLE S. WICKLOW S YORK SREE CUFFE S MOUNPLEAS D A R G L E A L P H O N S U S U PP E R BELMON COUR S Y N G E NH. FREDERICK S 6 7 DRURY S 1 NH G GEORGES S W E S HARCOUR SREE 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 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 GRAFON S HACH S UPR L R. D R U M C O N D R A ALBO SREE D A W S O N S RINIY COLLEGE A D E L A I D E C L O N L I F F E JONES'S ROAD N O R H MERRION ROW R A N E L A G H MOUNJOY SQUARE COLLEGE S S U M P E A R S E NASSAU SREE E A S K I L D A R E S LR LEESON SREE HA CH S EARLSFOR C SH. FREDERICK S MOLESWORH S S. SEPHEN S GREEN IVEAGH GARDENS 6 SREE D OLIER S FLEE S G R A N D P A R A D E C U S O M NORHBROOK RD ROYAL CANAL M E R H I L L SEAN MAC DERMO SREE G E O R G E S Q Y O W N S E N 4 ARA S UPR MERRION S PEMBROKE S BALLYBOUGH RD PORLAND ROW SEVILLE PLACE L O W ER B A G G O S W I L O N E R R A C E L E E S O N L E E S O N P A R CROKE PARK S O U H FIZWILLIAM SREE N O R H S R A N D UPR DAR A N N E S L E Y FAI P R I V E R FAIRV POPLAR ROW EAS WALL ROAD BAGG O S PEMPROKE C H U R C H R O H O U S E Q U A Y N O R H W A L L Q U A M E S P I L H A D D I N G O N SUSSEX RD S R I C H M O N D F E N I A N S N O R H U P R AMIENS S MERRION SQUARE O L K A R I V E R IFSC CONNOLLY C I Y Q U A Y P E A R S E WAY 2 3 H A N O V E R LOWER MOUN S UPPER MOUN S N B U R L I N G O M OREHA S G R A N D C A N A L S WAERLOO ROAD S H E R R I F F S R E E S I R J O H N R O G E R S O N E A S W E L L I N G O N PHILIPSBURGH AVENUE Grand Canal Square G R A N D C A N A L Q U A Y WINDSOR ROAD R I N G S N O R H U M B E R L A N D R D S MARYS RD S H A N O V E C L Y D E FAIRVIEW AVENUE LO South Docks Grand ROA E L G I N R P LOCAION Belmont Court is a high profile, modern building at the junction of Middle Gardiner Street, Parnell Street and Summerhill, in Dublin 1 Popular city centre location close to the IFSC, Custom House, Connolly Station, Busaras, Jervis Centre, Henry Street and rinity College Convenient to shops, restaurants, cafés, business and office hubs, leisure facilities, cinemas and theatres Well served by public transport, bus routes, Luas & DAR Sought after location by residential owner occupiers and tenants 1 JERVIS CENRE 2 BUSARAS 3 IFSC RINIY COLLEGE 5 DAR 6 LUAS HENRY SREE 4 5 Not to scale BELMON COUR

4 BELMON COUR ENANCY DEAILS All of the apartments are occupied under short term residential lease agreements. A sample copy lease is available upon request. he current rents average 894 per month for the 1 bedroom apartments and 1,139 per month for the 2 bedroom and 1,400 per month for the 3 bedroom apartment. However, recent rents achieved in the vicinity average 1,100 per month for 1 bedroom units, 1,300 for the 2 bedroom units and 1,500 for 3 bedroom units. Consequently, if fully let at current market levels the total income from the apartments would be in the region of 264,000 per annum. ACCOMMODAION SCHEDULE HE PROPERY Belmont Court comprises a development of 62 apartments, along with two retail units and 33 car parking spaces, which was built by John Paul Construction in c Apt. No. Size No. of Bedrooms Current rent p.m. Rent per annum ,400 16, , , , , , ,100 13, , ,100 13, ,800 Apt. No. Size No. of Bedrooms Current rent p.m. All intending purchasers should satisfy themselves in relation to the tenancy details and floor areas. Rent per annum ,000 12, ,100 13, ,125 13, , ,400 16, , ,400 16, ,150 13,800 Car spaces 160 1,920 otal 18, ,820 he development is laid out in a U-shaped building incorporating, 4 blocks laid out around a large private courtyard at podium level, which is accessed from Middle Gardner Street he subject of the sale is 18 apartments, 9 of which are one bedroom apartments (39-61 sq.m.), 7 are two bedroom apartments (55-84 sq.m.) and 2 are three bedroom apartments (78-95 sq.m.) here are also 11 secure underground car-parking spaces included in the sale he apartments are all fully fitted to a good standard and each incorporates a balcony with lift access to all floors All apartments are currently let on short term leases 6 7

5 VIEWINGS Strictly by appointment through the sole selling agents Hooke & MacDonald. BELMON COUR ILE We understand that the properties are held on a long leasehold title. BER INFORMAION BER ratings C3-F. Individual BER numbers are available on request. SOLICIORS Orpen Franks, Solicitors, 28/30 Burlington Road, Dublin 4. SELLING AGENS Hooke & MacDonald, 118 Lower Baggot Street, Dublin 2. el: sales@hookemacdonald.ie PSRA: CONAC John Farrell johnf@hookemacdonald.ie Enda Moore el: endam@hookemacdonald.ie PROPERY MISREPRESENAION AC he 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. 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 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. design by conradjones.com