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Investment

Balbriggan County Dublin Ireland

€10,500,000 For Sale

• Multi unit development comprising 40 apartment and duplex units self-contained in 4 blocks
• Located in Hampton Gardens development ideally located adjacent to Millfield Shopping
Centre / walking distance to town centre / a few minutes drive from M1 motorway
• The town is well served by public transport services with bus & rail accessing Dublin City
• Comprises 14 two-bedroom units, 25 three-bedroom units and 1 four-bedroom unit
• Total current gross rental income of approx. €625,935 per annum
• Total market rental income approx. €880,000 per annum
• Opportunity to significantly increase rent receivable in the short term with current rental
levels well below market terms
• Seeking offers in excess of €10,500,000, reflecting a gross initial yield of 5.96%, and an
attractive reversionary yield of 8.40% assuming standard purchaser costs of 4.46%.

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