47 APARTMENTS IN A SINGLE BLOCK
F O R S A L E I N O N E L O T
THE MALTINGS WAT L I N G S T R E E T
D U B L I N 8
INVESTMENT SUMMARY• Multi-family investment opportunity
• For sale in a single lot
• 47 city centre apartments including 18 one-bedroom apartments, 26 two-bedroom apartments and 3 three-bedroom apartments
• 45 car parking spaces
• City Centre development in close proximity to The Digital Hub, the Guinness Storehouse and St. James’s Hospital
• Excellent transport links with the Luas red line, Heuston Station, Aircoach and Dublin Bus routes all in close proximity
• Gross passing income of approximately €492,492 per annum
• Asset management potential through letting vacant units and increasing current rents to market levels
• Long Leasehold
• Tenants not affected
THE MALTINGS WAT L I N G S T R E E T
D U B L I N 8
FOR INDICATIVE PURPOSES ONLY
YORK ST
PETER’S ROW
MIL
ITAR
Y RD
CHESTERFIELD AVE
TEM
PLE
ST
OXMANTOW
N RDM
URTAGH RD
MONTP ELIER HILL
MANOR PLACE
BLACKHALL PL
ARKLOW ST COW
PER ST
ROSS ST
ASHFORD ST
FINN ST
MOIRA RD
O’DEVANEY GDNS
SIGURD RE
HALLIADAY RD
IVAR ST
BENBURB ST
HAROLD RD
BEN EDAIR RD
LIFFEY ST LO
WER POOLBEG ST
LUKE
ST GLOUCESTER ST SOUTH
MO
ORE LN
MA
RLBORO
UG
H ST
HAW
KINS ST
MIDDLE ABBEY ST
MORNING STA
RT A
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MAY LN
LIN
CO
LN L
N
BO
W S
T
CHANCERY ST
ABBEY ST LOWER
MARK’S LN
SETANTA PL
CRE
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TON
ST
PETER STSHIP ST GREAT
DAME LN
AN
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SEA
ST
EUST
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GREAT STRAND ST
GRENVILLE ST
JAM
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T EA
ST
BISHOP ST
TALB
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EMPRESS PL
PARA
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PL
JERVIS ST
KING’S INN’S ST
DOMINICK LN
HENRIETTA ST
HEN
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GR
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ST
MARY ST
HENRY ST
AN
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TEMPLE BAR
TEM
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LAN
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ISLAND ST
WIL
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DENZILLE LN
BOYNE ST
HOLLES ROW
SOU
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EXCHEQUER ST
ROSS RD
BULL ALLEY ST
DUKE ST
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ANNE ST SOUTH
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CAMDEN ROW
ST A
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ARRA
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ST
MARY’S LANE
SHERIFF ST LOWER
VIKING
RDO
LAF RD
ARBOUR HILL
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EXC
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JAM
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BACK LN
STEPHEN’S LN
CRINAN
CUSTOM HOUSE HARBOUR
FOLEY ST
FRIARY AVE
SMIT
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GRA
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BEAVER ST
RAILWAY ST
BONHAM ST
HANBURY LN
UPPER ABBEY ST
ST JAMES’ WALK
ECH
LIN ST
BELVIEW
PIM
ST
CRA
NE
ST
SCHOOL ST EARL ST SOUTH
JOHN ST SOUTH
RAINSFORD ST
LAMB ALLEY
STEVEN
’S LN
VIC
AR ST
REUBEN
ST
BRICKFIELD
LN OSCAR DQBROWN ST
FINGAL ST
EUGENE ST
O’CAROLAN RD
FUMBALLY LN
MO
ORE ST
LONG LANEMALPAS ST
SHAMROCK TR
KIRWAN ST COTTAGES
ROSARY RDAVE M
ARIA RD
ORMOND SQ
CUCKOO LN
BERESFOR
D ST
GREEK ST
CARMAN’S HALL
SWIFT’S ALLEY
MEATH PL
PIMLICO
GRAY ST
BRAITHWAITE ST
SUM
MER ST
GEORGE’S DOCK
HENDRICK ST
BRUNSW ICK STREET NORTH
MO
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T
WES
TLA
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RO
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CITY QUAY
EDEN QUAY
BACHELORS WALK
ORMOND QUAY LO WER
ORMOND QUAY UPPER
INNS QUAY
ARRAN QUAY
ELLIS QUAY
WOLFE TONE QUAY
FITZ
WIL
LIAM
ST
UPPER
MER
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GA
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SQ
MOUNT ST UPPER
MERRION SQUARE SOUTH
KEVIN ST LOWER
PARNELL SQ WEST
WESTERN WAY
SUMMERHILL
BURGH
ASTON QUAY
WELLINGTON QUAY
ESSEX QUAYMERCHANT'S QUAY
USHER'S QUAY
USHER'S ISLAND
VICTORIA QUAY
AU
NG
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STRE
ET
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E ST
LO
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UPP
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HO
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HILL STREET
BRIDE RD
HERBERT PLA
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MAYOR STREET LOWER
ORIE
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UPP
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SHERIFF ST LOWER
CO
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S
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TREE
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NEW
BRIDE ST
TALBOT ST
GRA
NG
EGO
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LO
WER
CUSTOM HOUSE QUAY
SEAN MAC DERMOTT ST UPPER
OLIVER BOND STREET COOK STREET DAME ST
LORD EDWARD ST
HIGH STREET
MARROWBONE LANE
TH
OM
AS
COU
RT
FRAN
CIS STREET
KEVIN ST UPPER
THE COOMBE
ARD
EE STREET
OSC
AR S
Q
SAIN
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MA
S’ RDM
EATH
STREET
WA
TLIN
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TREE
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PRUSSIA
STREET
MAN
OR STREET
BLA
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ALL
PLA
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BOLT
ON
STR
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NORTH KING ST
QU
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SRE
ET
TAR
A S
T
CA
PEL STREET
NORTH STRAND R
OAD
AM
IEN
S ST
REET
SAINT LUKE’S AVE
CORK STREET
CORK STREET
NEW
ST
SOU
TH
PATR
ICK
ST
THOMAS STREETJAMES STREET
JAMES STREET
HOGAN PLACE
MOUNT ST LOWER
MERRION SQUARE NORTH
NASSAU STREET
BAGGOT STREET LOW
ER
PEARSE STREET
CH
UR
CH
ST
REE
TCH
URC
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T U
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CO
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DONORE AVEN
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BOW LANE WEST
HANOVER ST EAST
TOWNSEND ST
D’OLIER ST
O’C
ON
NELL STREET
O’C
ON
NELL STREET U
PPER
NO
RTH FREDERICK
FITZ
WIL
LIAM
ST
LOW
ER
CUSTOM HOUSE
SAINT JOHN'S ROAD WEST
BRID
GEF
OO
T ST
CONYNGHAM ROAD
DOLPHIN ROAD
HER
BERTO
N RD
OLD KILMAINHAM
SOU
TH
SOUTH CIRCULAR ROAD
INFIRM
ARY RD
NORTH CIR
CULAR ROAD
KILMAINH AM LANE
MIL
ITA
RY R
D
ST STEPHEN’S GREEN
LUASSTOP
LUASSTOP
LUASSTOP
LUASSTOP
LUASSTOP
LUASSTOP
LUASSTOP
LUASSTOP
JERVISSHOPPING
CENTRE
GUINNESS STOREHOUSE
ILACSHOPPING
CENTRELUAS Red Line
LUAS Cross City
TRINITY COLLEGE
ST JAMES'S GATE
BREWERY
FOURCOURTS
CONNOLLYSTATION
HEUSTONSTATION LOCATION
The Maltings is situated in a prominent city centre location fronting onto Watling Street, just off the South Quays. Located within walking distance of all amenities, the area also benefits from excellent public transport facilities with the Luas red line, Heuston Station and Dublin Bus routes all in close proximity.
The apartment block is located in close proximity to the Digital Hub campus, which is home to over 100 technology and digital media companies, the National College of Art and Design, which caters for around 1,500 students, and St. James’s Hospital, which currently has 4,000 staff and is due to increase following construction of the National Children’s Hospital and due for completion by 2020.
The historical area boasts renowned tourist attractions St. James’s Gate Brewery and The Guinness Storehouse which attract approximately 1.2 million visitors per year.
The surrounding area is home to numerous residential, retail and office occupiers. The Four Courts, which is home to Ireland’s largest courts building is located approximately 700m from the subject property, while the popular Temple Bar is approximately 1.2km away.
THE MALTINGS WAT L I N G S T R E E T
D U B L I N 8
The historical area boasts renowned tourist attractions
St. James’s Gate Brewery and The Guinness Storehouse
THE MALTINGS WAT L I N G S T R E E T
N
1BEDROOM
2BEDROOM
2BEDROOM
2BEDROOM
2BEDROOM
2BEDROOM
2BEDROOM
1BEDROOM
1BEDROOM
1BEDROOM
1BEDROOM
DESCRIPTIONThe Maltings is a modern five-storey over basement development of 249 apartments, of which 47 are located in a single block known as The New Maltings.
The New Maltings is being offered for sale by private treaty in one lot comprising 47 residential units laid out over 5 floors designed around a central landscaped courtyard. The 47 apartments include 18 one-bedroom units, 26 two-bedroom units and 3 three-bedroom units. The apartments are spacious in size with 1, 2 & 3 bedroom apartments of up to approximately 45 sq. m. (484 sq. ft.), 72 sq. m. (775 sq. ft.) and 84 sq. m. (904 sq. ft.) respectively and are fully finished, including fully tiled bathrooms, integrated kitchens and carpeted floors.
Some of the apartments benefit from balconies, with the top floor apartments availing of roof terraces.
The property also has the benefit of 45 secure basement car parking spaces
Floors 1-3
INDICATIVE FLOOR PLAN
THE MALTINGS WAT L I N G S T R E E T
D U B L I N 8
The Maltings is a modern five-storEy development of 249 apartments
The Maltings apartments are fully fitted and let under standard residential tenancy agreements typically short term for a fixed 12 month period. The residential investment is currently producing a gross income of €492,492 per annum, with 7 units held vacant.
The vacant units and low passing rents provide the purchaser with an opportunity to increase annual rent to market level by active and strategic asset management.
For the avoidance of doubt please note that this is an investment sale and the tenants are unaffected.
Average Passing Rent Schedule
1 Bed 2 Bed 3 Bed
Average Rent (per month) €878 €1,078 €1,350
The residential investment is currently producing a gross income of €492,492 per annum
RESIDENTIAL TENANCY INFORMATION
SCHEDULE OF ACCOMMODATION
Apartment No. Floor Approx. Area Sq. M.
Approx. Area Sq. Ft. Description Rent Per
Calendar Month Annual Rent
204 Ground 54.00 581 2 bedroom with private entrance €1,050 €12,600
205 Ground 60.00 646 2 bedroom with private entrance €1,400 €16,800
206 Ground 57.50 619 2 bedroom with private entrance €1,050 €12,600
207 Ground 38.00 409 1 bedroom with private entrance Vacant Vacant
208 Ground 58.50 630 2 bedroom with private entrance €1,043 €12,516
209 Ground 55.80 601 2 bedroom with private entrance €950 €11,400
210 Ground 37.50 404 1 bedroom with terrace entrance €850 €10,200
211 Ground 40.00 431 1 bedroom with terrace entrance €750 €9,000
212 Ground 58.25 627 2 bedroom with private entrance €994 €11,928
214 First 45.00 484 1 bedroom €900 €10,800
215 First 38.00 409 1 bedroom €1,000 €12,000
216 First 58.50 630 2 bedroom Vacant Vacant
217 First 58.50 630 2 bedroom €1,050 €12,600
218 First 38.00 409 1 bedroom €900 €10,800
219 First 64.00 689 2 bedroom with balcony €1,045 €12,540
220 First 55.00 592 2 bedroom with balcony €1,050 €12,600
221 First 37.50 404 1 bedroom with balcony €837 €10,044
222 First 41.00 441 1 bedroom with balcony Vacant Vacant
223 First 58.50 630 2 bedroom with balcony €1,150 €13,800
224 First 59.00 635 2 bedroom with balcony €1,150 €13,800
225 Second 45.00 484 1 bedroom €800 €9,600
226 Second 38.00 409 1 bedroom €940 €11,280
227 Second 58.50 630 2 bedroom €1,100 €13,200
228 Second 58.50 630 2 bedroom €1,000 €12,000
THE MALTINGS WAT L I N G S T R E E T
D U B L I N 8
SCHEDULE OF ACCOMMODATION
Apartment No. Floor Approx. Area Sq. M.
Approx. Area Sq. Ft. Description Rent Per
Calendar Month Annual Rent
229 Second 38.00 409 1 bedroom €850 €10,200
230 Second 64.00 689 2 bedroom with balcony €1,100 €13,200
231 Second 55.50 597 2 bedroom with balcony €1,200 €14,400
232 Second 37.50 404 1 bedroom with balcony €900 €10,800
233 Second 41.00 441 1 bedroom with balcony €945 €10,200
234 Second 58.50 630 2 bedroom with balcony €1,050 €12,600
235 Second 59.00 635 2 bedroom with balcony Vacant Vacant
236 Third 45.00 484 1 bedroom €900 €10,800
237 Third 38.00 409 1 bedroom €837 €10,044
238 Third 58.50 630 2 bedroom €1,100 €13,200
239 Third 58.50 630 2 bedroom Vacant Vacant
240 Third 38.00 409 1 bedroom Vacant Vacant
241 Third 64.00 689 2 bedroom with balcony €1,050 €12,600
242 Third 55.00 592 2 bedroom with balcony Vacant Vacant
243 Third 37.50 404 1 bedroom with balcony €850 €10,200
244 Third 41.00 441 1 bedroom with balcony €1,000 €12,000
245 Third 58.50 630 2 bedroom with balcony €1,050 €12,600
246 Third 59.00 635 2 bedroom with balcony €1,050 €12,600
247 Fourth 83.00 893 3 bedroom with terrace €1,250 €15,000
248 Fourth 72.00 775 2 bedroom with terrace €1,050 €12,600
249 Fourth 84.00 904 3 bedroom with en-suite and terrace €1,200 €14,400
250 Fourth 79.00 850 3 bedroom with terrace €1,600 €19,200
251 Third 59.00 635 2 bedroom with terrace €1,050 €12,600
Total €41,041 €492,492
THE MALTINGS WAT L I N G S T R E E T
D U B L I N 8
THE MALTINGS WAT L I N G S T R E E T
D U B L I N 8
conTACT AND FURTHER INFORMATIONTITLEWe understand that the property is held under long leasehold.
VIEWINGSViewings are strictly by appointment through sole selling agents Knight Frank.
GUIDE PRICEExcess €6,000,000 exclusive of VAT.
For the avoidance of doubt there will be an additional 13.5% VAT chargeable on the agreed price.
BER RATINGD1 – G
WEBSITEthemaltingsdublin8.com
SELLING AGENTS
Knight Frank20/21 Upper Pembroke StreetDublin 2T: 01 634 2466
Contact:Ross [email protected]
Shaun [email protected]
SOLICITORSHayes SolicitorsLavery HouseEarlsfort TerraceDublin 2
These particulars are issued by HT Meagher O’Reilly trading as Knight Frank on the understanding that all the negotiations are conducted through them. These particulars do not constitute, nor constitute any part of an offer or contract. All statements, descriptions, dimensions, references to condition, permissions or licenses of use or occupation, access and other details are for guidance only and are made without responsibility on the part of HT Meagher O’Reilly trading as Knight Frank or the vendor/landlord. None of the statements contained in these particulars, as to the property are to be relied upon as statements or representations of fact and any intending purchaser/tenant should satisfy themselves (at their own expense) as to the correctness of the information given. Prices are quoted exclusive of VAT (unless otherwise stated) and all negotiations are conducted on the basis that the purchaser/tenant shall be liable for any VAT arising on the transaction. The vendor/landlord do not make or give, and neither HT Meagher O’Reilly trading as Knight Frank or any of their employees has any authority to make or give any representation or warranty whatsoever in respect of this property. Knight Frank is a registered business name of HT Meagher O’Reilly Unlimited. Company licence Reg. No. 385044. PSR Reg. No. 001266
September 2017. Designed and produced by Creativeworld. Tel +44 (0) 1282 858200.