ROBSWALL MALAHIDE
www.robswallmalahide.com
Multi-Family Investment Opportunity Location & Amenities
An investment opportunity to acquire 27 units in the very successful Robswall development. Located in Malahide, one of Dublin’s most affluential areas, only 15kms from the city centre.
Investment Summary • 27 high quality residential units for sale as an investment in exclusive location • 4 one bedroom, 14 two bedroom and 9 three bed penthouse units • Generously sized apartments ranging in size from 52 sq.m. to 1,245 sq.m. • Attractive seafront location close to all amenities • Good transport links with bus and DART stations nearby • Strong occupier demand • Low base rent – potential income of over €483,000 per annum • Significant discount on break-up levels • Long leasehold title
Location & Amenities Transport
The DART Station at Malahide provides swift and easy access to Dublin’s city centre in 25 minutes, connecting commuters with the LUAS red route at Connolly Station. Robswall is well serviced by a number of regular bus routes such as the No. 32, No.32x and No. 102. The M50, which offers access to all key national road routes including the M1 directly to Belfast, is within a short drive, as is Dublin Airport, which is only a 20 minute drive away.
Robswall, now an established and desirable Gardens, the newly opened ‘Avoca’ café, Gannon residential community, takes its name from Robswall Park and Malahide Tennis Club. In addition, a choice Castle, a well-known landmark on the Coast of superb golf courses are in the area including Road between Malahide and Portmarnock. The Malahide, Portmarnock and The Island golf clubs picturesque maritime village of Malahide is a short to name a few. The Marina and sailing schools are drive away. It offers excellent transport links and a also nearby. wide selection of cafés, restaurants, craft shops and boutiques with traditional shop fronts and hanging As well as being surrounded by beautiful parks, baskets providing an authentic village ambience. Robswall benefits from breathtaking coastal scenery Other amenities on offer include Malahide Castle and views over the Irish Sea, the Malahide Estuary, and demesne with its extensive grounds and Ireland’s Eye and the Hill of Howth. parkland and home to the 20 acre Talbot Botanic
The Apartments
The apartments are located in four blocks, with 11 of the units grouped together in the Lighthouse/ Spinnaker and Anchorage buildings and 14 located in the Walk, the Green and the Close.
The Lighthouse, Anchorage and Spinnaker are located to the front of the Robswall development. The apartments are laid out over three floors with a combination of surface and basement car parking. Each block has a lift serving all floors.
The apartments in these blocks comprise nine 3 bed penthouse units, one 2 bed unit on first floor level and one 1 bed unit. The 3 bed units range from 1,100 – 1,312 sq.ft.
The remaining units are predominantly made up of 11 two bed own door units located in two storey blocks. These come with dedicated surface car parking.
As outlined below, the apartments are finished to a high standard, with fully fitted kitchens and bathrooms. The main bedroom in both the two and three bed units is en-suite. Kitchen: Fireplaces:
The Alno Art Pro kitchens are Each home features an elegant designed by the award winning fitted marble fireplace. McNally Living and are fully fitted with eye and floor level units in Heating: predominantly high gloss vanilla Natural gas heating. combined with frosted glass and striking oak black/brown Decoration: panelling for contrast. All internal walls and ceilings are Bedrooms: plastered, skimmed and painted in a neutral colour throughout. Supplied by McNally Living, the bedrooms are fitted with Stylish Telecommunication & Loddenkemper built-in German Television: wardrobes and are equipped with ample shelf and rail space Each home is pre-wired for providing maximum storage alarms. throughout. Landscaping:
Bathrooms: The development is maturely Bathrooms, ensuites and guest landscaped and maintained bathrooms are all fitted with throughout. superior white sanitary ware and chrome fittings. Partly tiled walls and fully tiled floors.
Malahide Village The Coast Roa Site Plan d
The Mews
The Courtyard 3 The Walk The Walk 9 34 1 18 40 32 30 38 36 910 44 3 7 1 2 The Close The Court
23 24 Public Open Space The Green The Green The Lighthouse
The Crescent 51 View The The Crescent The Anchorage
Park View 27 28
e Heights
Th
5 14 The Park
12 13 14 The Spinnaker
The Avenue N The Rise Gannon Park
w The Meado
Public Open Space Malahide Village The Coast Roa d ROBSWALL MALAHIDE
The Mews
The Courtyard 3 The Walk The Walk 9 34 1 18 40 32 30 38 36 910 44 3 7 1 2 The Close The Court
23 24 Public Open Space The Green The Green The Lighthouse
The Crescent 51 View The The Crescent The Anchorage
Park View 27 28 e Heights
Th
5 14 The Park
12 13 14 The Spinnaker
The Avenue N The Rise Gannon Park
w The Meado
Public Open Space
Residential Tenancies
The units in Robswall have a strong letting history with strong occupier demand and virtually 100% occupancy. 24 of the apartments are currently let on standard short-term residential tenancies producing a current rent of €395,700 per annum. Three units have been held vacant for the purpose of the sale. The passing rents range from €1,100 (one bed) up to €1,800 (three bed penthouses) with an average rent of €1,350 per month. The market rent for the properties is €483,000 per annum, with the following rents achievable:
One bed €1,250 Two bed €1,400 Three bed €1,800 Three bed penthouse €1,800
Break- Up Values Based on recent sales in Robswall, the value of the apartments on a break- up basis is in the order of €8,500,000, an average of €350 per sq.ft. The break-up values reflect the following value
One bed €200,000 - €215,000 Two bed €260,000 - €315,000 Three bed €380,000 - €420,000 Capital values €320 - €400 per sq.ft.
Estate Management The management company for the estate is Rheinpak Management Limited. 2015 service charges range from approximately €488 to €2,600 per annum.
Sample Floor Plans
9. The Lighthouse 3 Bed Apartment 1,331 sq.ft. (123.6 sq.m.)
All plans are not to scale and are for illustrative purposes only. Layouts may vary. Sample Floor Plans
5. The Anchorage 2 Bed Apartment 878 sq.ft. (81.56 sq.m.)
All plans are not to scale and are for illustrative purposes only. Layouts may vary.
Sample Floor Plans
3. The Green 2 Bed Own Door (First Floor) 720 sq.ft. (66.9 sq.m.)
All plans are not to scale and are for illustrative purposes only. Layouts may vary. All plans are not to scale and are for illustrative purposes only. Layouts may vary. Malahide Marina Professional Team
Sw Swords or ds Road Malahide ROBSWALL MALAHIDE Selling Agent:
Coast Malahide Castle & Demense Road
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he Hi T 01 634 2466 Back Road KnightFrank.ie e ad Ro an L and tr S A project by:
Kinsealy Portmarnock Chapel Road Airport Baskin Lane Po
rt marnock 1
Golf Link
Ireland's Solicitor: C oa s Eye s ByrneWallace t Road
New DART 87-88 Harcourt Street Station Dublin 2 Howth Harbour
n i and Sailing Club a Howth r T Arcihtect:
e Junction n i L Bayside Sutton Conroy Crown Kelly in a M d n 65 Merrion Square South a T Deer Park Malahide Road R A D Golf Course Raheny Dublin 2
Bull Island Howth Howth ks Killester Lin Golf Course
Annes Golf St.
ks Lin oad Baily Light House R Clontarf Golf Clontarf Howth al Dublin oy R
Connolly Station
City Centre Important Note: The particulars contained in this document were prepared from preliminary plans and specifications and are intended only as a guide as final finishes may vary. The particulars do not form part of any offer or contract and should not be relied upon as statements or representation of facts. Any areas, measurements or distances are approximate. Text, photographs, plans and site plans are for guideline only, are not necessarily comprehensive and may be subject to change. Knight Frank are not authorised to make or give any representations or warranties in relation to the property. It should not be assumed that the property has all necessary planning, building regulations or other consents. We have not made any investigation into the existence or otherwise of any issues concerning pollution of land, air or water contamination. The purchaser is responsible for making his own enquiries.