11 modern apartments for sale in a single lot
Situated in vibrant Dublin 4, Ireland's most prestigious post code
Located in the Links block overlooking Elmpark Golf Course to the west and Dublin Bay to the east
Comprises 6 one bedroom apartments and 5 two bedroom apartments
Gross rental income of €174,162 per annum (fully let)
Substantial value added opportunity on a phased break up sale
Tenants not affected
Elmpark Green comprises a total of 336 apartments. The two residential blocks which were constructed in 2006 are 9 storeys in height over a basement car park. The award-winning scheme was designed by Bucholz McEvoy Architects and developed by Radora Developments Limited. The Links is situated on the western side of the development overlooking Dublin Bay and the Elm Park Golf and Sports Club. The investment comprises of 11 modern apartments with 6 one bedroom apartments and 5 two bedroom apartments located in the north core of the Links block with all 11 apartments serviced from the same lift. There are 11 car parking spaces included in the sale which are located in the underground car park.
The apartments are all occupied on standard residential tenancies with the exception of 2 units which are currently vacant for viewing purposes. The current monthly rent averages €1,295 for the one bedroom apartments and €1,350, for the two bedroom apartments. However, recent rents achieved in the vicinity average €1,750 for the one-bedroom apartments and €2,000 for the two-bedroom apartments.
Elmpark Green is a highly successful and established business and residential location on the Merrion Road in Dublin 4. Si ...