Friday 27 April 2018

Malahide apartments available for close to €2m

Peter Flanagan

Peter Flanagan

Colliers International has been instructed to dispose of a modern, substantially complete residential development, Chamley Gardens, Swords Road, Malahide, Co Dublin under the instructions of fixed charge receiver John Anderson.

Colliers are guiding in excess of €1.85m the entire which on average equates to €68,000 per unit.

Chamley Gardens is a substantially complete residential development comprising 27 units, 25 apartments and two, town houses with basement car parking and storage areas.

"At varying stages of completion - with a number of the apartments complete with fitted kitchens, flooring and sanitary ware.

Chamley Gardens provides a mix of two and three bedroom apartments with two, town houses. On completion of the works, the development will provide an easily managed residential investment in a prime letting area or alternatively, the units will appeal to owner occupiers. Residential blocks are in demand with investors given the relatively low risk to the income stream, especially in prime letting areas, such as this.

"The opportunity will appeal to developers and investors," said Colliers' Michele McGarry who is acting as agent over the sale.

The development comprises the main - part two and three storey block with 19 apartments and further block of six apartments and two adjoining two storey town houses. 16 of the apartments are three beds the remaining 9 are two beds, the townhouses are three beds.

Basement car parking with storage areas for each apartment are provided. Lifts are installed, landscaping and has been completed. There are generous balconies and terraces.

Chamley Gardens is located on the Swords Road, Malahide, and is about 2km from Malahide.

Public transport is excellent with buses to the city centre, airport and northern suburbs together with the DART at Malahide.

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