Hooke & MacDonald, in conjunction with joint agents O’Farrell Cleere, present The Casino PRS Investment.
This excellent multi-family investment opportunity, comprises 37 luxury apartments and penthouses, located within Blocks 1, 2 & 3 in The Casino development in the heart of Malahide Village.
The Investment at The Casino comprises a total of 37 apartments within a striking modern development in the heart of Malahide, a picturesque coastal village approximately 15km from Dublin City Centre.
The apartments comprise six no. one-bedroom and 31 no. two-bedroom apartments. There are currently eight apartments let at a rent in the region of €170,000 per annum. The remaining 29 apartments have been vacated over the last year or so. By applying the RPZ rent review calculator to the previously agreed rents, the Estimated Rental Value (ERV) is in the region of €637,000 per annum. Consequently, the combined rent and ERV of the 37 apartments is in the region of €807,000 per annum.