Finglas apartment block on at €4.25m

Block 9 contains 28 apartments and produces a rent roll of €258,048

The 28 apartments Block 9 at Prospect Hill in Finglas, Dublin 11  rented to Cluid on a 15-year lease from April 16th, 2013.

The 28 apartments Block 9 at Prospect Hill in Finglas, Dublin 11 rented to Cluid on a 15-year lease from April 16th, 2013.

 

Colliers International is guiding €4.25 million for a modern block of apartments at Prospect Hill in Finglas, Dublin 11.

Block 9, just off the Finglas Road and under 5km from O’Connell Street, contains 28 apartments and produces a rent roll of €258,048.

The 14 two-beds and 14 three-beds are within a three- story building rented to Cluid Housing Association on a 15- year lease from April 16th, 2013. There is a rent review every four years which is linked to the consumer price index.

Block 9 was built in 2013 and was handed to Cluid in turn- key condition with all fixtures, fittings and furniture included. The development was completed by David O’Connor and Jim Hamilton of BDO acting as joint statutory receivers.

The two-beds have 65.75sq m (707sq ft), a west-facing terrace and designated car-parking space.

Three-bed duplexes measure 101sq m (1,087sq ft) and come with a car-parking space and rear garden.