Full Details
Investment Summary
Investment opportunity
Four houses for sale in a single lot
Current rental income of €67,000 per annum
Comprises one no. two-bedroom and three no. three-bedroom detached houses
Highly accessible location with Clongriffin DART station approx. 450 metres
Tenants not affected
Location
Hoey Court & Grange Lodge Avenue are located in Beau Park, 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 one no. two-bedroom and three no. three-bedroom detached houses as follows:
Address House Type Sq.M Sq.Ft
5 Hoey Court Detached - Two Storey 88sq.m/ 947 sq.ft
8 Hoey Court Detached - Two Storey 88sq.m/ 947 sq.ft
140 Grange Lodge Avenue Detached - Two Storey 88sq.m/ 947 sq.ft
146 Grange Lodge Avenue Detached - Two Storey 69 sq.m/ 743 sq.ft
Investment Details
The houses are occupied on standard residential tenancies producing a current gross rental income of approximately €67,164 per annum, which average approximately €1,400 per month per house.
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
C1 – C3
Individual BER numbers are available on request
