The Rockfield Penthouse Collection comprises 25 luxury penthouses and apartments.
This sale includes 18 penthouses and 7 No. 2 bed apartments spread out over a number of blocks in Rockfield and Riversdale, Dundrum.
The Rockfield and Riversdale developments are superbly located in the heart of Dundrum directly beside Balally Luas stop and opposite Dundrum Town Centre.
Balally Luas Stop serves Dublin City Centre in just 15 minutes and Sandyford within 10 minutes.
The apartments are all let with the exception of three units for show purposes.
Penthouses are all dual aspect and have commanding views and barrel vaulted ceilings.
Tenants not affected.
Penthouses range in size from 101.0 sq.m. to 118.0 sq.m.
2 bed apartments are from 69.9 sq.m. to 75.3 sq.m.
Many of the 2 bed + study apartments are laid out and rented as 3 bed apartments.
22 of the 25 units are currently generating a rent of €460,032 per annum increasing to approx. €535,600 when the three show units are re-let.
The Dundrum rental market is performing extremely strongly with demand outstripping supply. The apartments are in high demand, due to the Balally Luas Stop at Rockfield, the Dundrum Town Centre just across the road, access to the City Centre and large employment in Sandyford and Leopardstown.
Opportunity to refurbish units and increase letting/sale value.
BER : B2 - D1
Price: Offers are sought in excess of €7,700,000 reflecting an initial growth yield of 6.7% (net of acquisition cost).
Website and Data Room Site: www.rockfieldapartments.ie