Full Details
Investment Summary
Investment opportunity
Nine houses for sale in a single lot
Current rental income of €151,700 per annum, with one house vacant
Projected rental income of €177,000 per annum once fully let
Comprises three no. two-bedroom houses and six no. three-bedroom houses
Highly accessible location with Clongriffin DART station approx. 450 metres
Tenants not affected
Location
Beau Park is located south of Main Street in Clongriffin and are conveniently located within approximately 450 metres of Clongriffin DART Station. The DART provides commuters with an 18-minute commute from Clongriffin to Connolly Station.
The houses are located within close proximity of a Quality Bus Corridor on the Malahide Road, the M1, Dublin Airport and the M50.
There are numerous amenities in the immediate area that residents of Beau Park can avail of including the award-winning Father Collins Park, ClareHall Shopping Centre, Hilton Dublin Airport Hotel & Malahide Road Retail Centre.
Clongriffin is a very popular letting location in north Dublin with a wide range of shops, cafés restaurants and sporting facilities within close proximity.
Description
Originally developed in c.2004-2006, Beau Park is a modern residential development of houses, apartments and duplexes, located just south of the local retail services along Main Street.
The sale comprises three no. two-bedroom houses and six no. three-bedroom houses as follows:
1 Hoey Court Three-Bedroom Semi-Detached 88 sq.m/ 947 sq.ft
2 Hoey Court Three-Bedroom Terraced 88 sq.m/ 947 sq.ft
4 Hoey Court Three-Bedroom Terraced 88 sq.m/ 947 sq.ft
5 Beau Park Row Two-Bedroom Detached 69 sq.m/ 743 sq.ft
6 Hoey Court Three-Bedroom Semi-Detached 88 sq.m/ 947 sq.ft
142 Grange Lodge Avenue Three-Bedroom Detached 69 sq.m /743 sq.ft
144 Grange Lodge Avenue Two-Bedroom Detached 69 sq.m/ 743 sq.ft
152 Grange Lodge Avenue Two-Bedroom Detached 88 sq.m/ 947 sq.ft
154 Grange Lodge Avenue Three-Bedroom Detached 88 sq.m/ 947 sq.ft
Investment Details
Eight of the houses are occupied on standard residential tenancies producing a current gross rental income of approximately €151,700 per annum. There is one vacant three-bedroom detached house, which was most recently let at €2,100 per month.
Once the vacant house is re-let, the projected rental income is in the region of €177,000 per annum.
Given its close proximity Clongriffin DART Station and Dublin City Centre this is a strong letting location with significant potential for income growth.
BER Information
B3 – D2
Individual BER numbers are available on request
