Dublin apartments to be auctioned off with a guide price of €1.7m
Published 09/07/2015 | 02:30
A block of apartments in Dublin will be offered for auction in the coming days with an askin gprice in the region of €1.7m.
The seven apartments at 30-32 Botanic Court in Glasnevin are being sold at LeisnterPropertyAuction.ie in partnership with Kelly Bradshaw Dalton.
The property is made up of six two bedroom apartments and one three bedroom dwelling.
Five of the apartments that have two bedroooms and the three bed are occupied, with the remaining two bed apartment vacant. It is being used as a showhouse.
The apartments have a rental income of more than €120,000 per year. At those levels the property would produce a yield of around 7pc.
The agents describe the property as a "well-appointed modern development in a very desirable area that attracts a huge rental demand".
Built in 2006, all seven apartments have been "tastefully decorated where space and light have been the key components in the design".
The decor in each apartment is described as minimalist in style.
"This should appeal to investors looks for a walk-in investment. From the sleek finish with walnut floors, oak doors and skirting boards down to gloss tiled kitchens and large balconies, these apartments are a step above the rest," the agents said.
The kitchens are tiled and consist of a modern fit out with plenty of base and eye level units and all the modern appliances one would expect in a development of this calibre.
All master bedrooms come with fully tiled en-suites and the second bedrooms are all doubles. Storage space has been adequately provided for with large walk in storage closets and built in wardrobes, while all apartments have their own secure storage unit outside in the communal grounds," the agents claimed.
"And the icing on the cake is the large communal roof-top garden providing abundance of private outdoor space for all the residents," they added.
The property is being sold as one lot.
The apartments are being sold through LeinsterPropertyAuction.ie and will then go under the hammer at a public auction on July 23.
The agents believe the apartmetn block is "superbly positioned a short stroll from both Drumcondra and Phibsborough Villages, Croke Park and the Phoenix Park.
"All main hospitals are just a stone's throw away; The Mater, Rotunda, Temple Street and The Bons Secours Hospital. The area is served by several primary and secondary schools while St Patricks College and DCU are only minutes away.
"All this makes Botanic Court a most desirable location for young professionals and families alike and full occupation would be expected year round. Botanic Court is sure to impress all that view with its superb condition and convenient location. Botanic Court should tick all the boxes for prospective investors," the agents added.