For Sale €3,900,000 - Apartment, Investment, Residential
Owen Reilly presents this multi-unit investment portfolio of nine apartments at The Ivory Building in South Dublin Docklands. Located on Hanover Street East, the complex is in a prime location within minutes of Grand Canal Square. The Ivory Building is a smartly-designed and finished residential complex of just 29 apartments designed by Burke Kennedy Doyle Architects and completed in 2007. The units for sale include 1 x one-bedroom unit, 7 x two-bedroom units and 1 x three-bedroom duplex penthouse.
Portfolio will appeal to private investors and investment. Of the nine units, six are currently let. With active asset management and minimal upgrades we are confident a rental yield in excess of 6% is achievable. There is huge local demand for rental accommodation given the proximity to large employers.
The Ivory Building features a sixth-floor roof terrace that provides a view over the city. High-gloss kitchen units, Velfac double glazed windows, bathrooms with non-slip floor tiles and balconies in all apartments are among the features and there is direct lift access to apartments. All the apartments are presented in turn key condition and benefit from spacious and light filled interiors.
The BER ratings for the units range from C2 up to B2, with most rated as B2. This is an excellent opportunity for an investor to acquire a portfolio in this popular business district where future capital appreciation is certainly guaranteed.
The Ivory Building is located close to the heart of Grand Canal Dock one of Dublin’s most fashionable & vibrant city districts. The city centre, Ballsbridge, the IFSC and Sandymount are all within walking distance while the DART and LUAS provide easy access to the rest of the city. Grand Canal Dock is also home to major employers such as AirBnB, HSBC, Facebook, Google and Facebook. Many more companies will relocate to Dublin Docklands as a result of Brexit. The DART at Grand Canal Dock and Pearse Street are very close.