Anyone coming on or off the M50 at the Dundrum exit cannot have failed to spot the huge hoardings erected by Hibernia Reit plc. Real Estate Investment Trusts are an alternative method of buying property without the risks inherent in a rising or falling market.
They bundle money and units, spreading out over residential and commercial developments, sharing profits on rental income with members over the longer term.
This latest scheme is the expansive eight-storey apartment complex at Wyckham Point and it opens this weekend with show apartments for one-, two- and three-bedroom units available for rent.
With the Dundrum Town Centre just 500m away, along with the Luas at Balally and access to the M50 network on the doorstep, these apartments are clearly aimed at the singles and couples' professionals market. The building is shaped like a pentagon around a central courtyard and carpark and landscaping and greens are complete.
This is the final section of this development which has taken a number of years to bring to market.
One-beds will let for €1,350pm, two-beds for €1,625pm while the larger three-bed penthouses will be €2,000pm. All are furnished in a contemporary style and have floor-to-ceiling windows with balconies which have glass balustrades. Kitchens have integrated appliances and the apartments come with plenty of additional storage space.
Viewings of show units are on Saturday 6th June 11am-12pm
Enquiries to: Hooke & MacDonald (01) 631 8402 where agent David Cantwell is the contact