18no. Apartments for sale in one lot at Harbour House, Bond Street, Dublin 8 (Tenants not affected).
Harbour House is located close to the heart of Dublin city. The block also benefits from being located beside Christchurch, Heuston Station, St James Hospital Campus, The Four Courts, The Law Library and The Royal Hospital Kilmainham. Stephens Green and Jervis Street Shopping Centres are also within walking distance. Many of Irelandâ€™s leading tourist attractions are situated close by (including The Guinness Store House), and the tourist area of Temple Bar. The area is well serviced by public transport with the Fatima & Jamesâ€™s Luas (Red line) stops and Heuston Train Station within walking distance.
The investment opportunity encompasses the entire of the development and is producing a current passing rent of c. €261,000. Rental demand is very high for property in the area due to the proximity of the investment to Dublin City Centre and the rental income could be increased over time through active management of the asset. The entire investment enjoys a 100% occupancy rate. Strong interest in the investment is anticipated due to the current shortage of rental accommodation in central Dublin.
The development comprises of 8no. one bedroom apartments (with an average monthly rent of c. €1,000) and 10no. two bedroom apartments (with an average monthly rent of c. €1,350). There are two communal terraces available for use by the residents of the building, one at ground floor level and one at third floor level and there are also 10no. car parking spaces located in the basement of the building. The basement is accessed via electronic remote operated gates. The investment is in good condition but would benefit from some capital inv ...