Wednesday 12 December 2018

Dublin residential scheme for €5.3m

Agents Quinn Agnew are seeking offers in excess of €5.3m for a fully-tenanted multi-family residential investment of 32 units at Rowlagh Village in Clondalkin. Photo: Depositphotos
Agents Quinn Agnew are seeking offers in excess of €5.3m for a fully-tenanted multi-family residential investment of 32 units at Rowlagh Village in Clondalkin. Photo: Depositphotos
Ronald Quinlan

Ronald Quinlan

Agents Quinn Agnew are seeking offers in excess of €5.3m for a fully-tenanted multi-family residential investment of 32 units at Rowlagh Village in Clondalkin.

The properties, which comprise exceptionally large three bed townhouses, apartments and duplexes, range in size from 1,000 sq ft to 1,550 sq ft, and are laid out over three blocks.

One block comprises 20 units while the other two blocks comprise of seven and five units respectively. Each unit in the complex has its own door direct access.

The properties are 100pc occupied and are currently producing a rental of €465,000 per anum with immediate reversionary potential. Twenty-eight of the 32 units are leased to individuals where the payment is guaranteed under the terms of the Housing Payment Scheme (HAP). This is an investment sale and none of the tenants are affected.

Rowlagh Village Centre's services include SuperValu, Lloyds Pharmacy, Smiths Pharmacy, and Boyle Sports. Local services include the Rowlagh Credit Union, Rowlagh Health Centre, St Mary's National School and a local Catholic church. The development has excellent transport links and is 10 minutes' walk from Liffey Valley Shopping Centre. The M5/N4 interchange is within 2.5km of Rowlagh Village Centre.

Agents Quinn Agnew believe Rowlagh Village will be attractive to residential property funds and private investors looking for a quality investment in an established residential area.

Sunday Independent

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