Emmet Lodge, Emmet Court, Inchicore, Dublin 8

Cushman and Wakefield are delighted to present an excellent residential investment opportunity of 32 apartments in one self-contained block overlooking the Grand Canal ideally located on Emmet Road in the heart of Inchicore Village on behalf of the Martin Property Group.

• The sale includes 32 No. vacant 2 bedroom apartments across four stories with 8 apartments per floor all comprising of c.45 sqm. Each apartment has been recently refurbished to an excellent standard resulting in each apartment achieving a B BER Rating.
• Due to these recent refurbishments and the length of time the apartments have been vacant, the units are free from rent controls and are available to let at market rent. There is ample surface parking to the front of the property.
• Inchicore boasts a variety of independent coffee shops and retailers, including a Tesco Express, Riggers D8, Unfiltered Coffee, Kari Indian Restaurant, Black Lion Pub, a post office, and a local college. Additionally, the nearby St. James Hospital, Ireland's largest acute academic teaching and service provider hospital, and the upcoming National Children's Hospital are major employers in the area.
• Inchicore offers excellent public transportation connectivity, with multiple bus routes and the LUAS red line, Drimnagh stop located within 100 metres from the property,.

Cushman & Wakefield are seeking offers in excess of €10,500,000 which would reflect a gross initial yield of 8% and an NOIY of 6.16% assuming standard purchaser’s costs of 4.46% or €328,000 per unit.