INVESTMENT OPPORTUNITY

IVY HALL

DUNSHAUGHLIN, CO. MEATH For illustrative purposes only IVY HALL

INVESTMENT SUMMARY

• Multi-family investment opportunity • For sale in a single lot • 28 two-bedroom apartments • Nine retail units • Approximately 83 car parking spaces • Approximately 0.145 hectares (0.36 acres) adjoining site with development potential • Current gross rental income of €219,060 per annum • Significant potential to increase income when rents are brought in line with current market values and commercial units are leased • Prime position just off Main Street, Dunshaughlin • Easy access to M3 Motorway and just 30km from City Centre • Tenants not affected • Freehold title LOCATION 30 kilometres from Ivy Hall is situated just off Main Street in Dublin City Centre Dunshaughlin, Co. Meath. Dunshaughlin is a busy satellite town located approximately 30 km northwest of Dublin City Centre and 18 km southeast of Town Centre. 18 kilometres from Navan Town Cenre

THE PROPERTY The subject property comprises a modern development of 28 apartments above nine ground floor retail units. The development is laid out in two adjacent two-five storey blocks, with a large surface carpark to the rear which may have development potential. Also included in the sale is an adjoining site of approximately 0.145 hectares (0.36 acres) with potential subject to planning permission.

Residential Units There are 28 no. two-bedroom apartments, which range in size from approx. 58.5 m2 – 72.9 m2. 22 of the apartments are fully fitted and rented on short term residential lease agreements. The remaining six apartments are vacant and require some remedial works prior to reletting.

Commercial Units There are nine retail units in total ranging in size from 61 m2 – 213.7 m2. Two of the units are fully let; a further two are fully fitted but vacant; while the remaining five units are in shell and core condition.

TENANCY INFORMATION Residential Commercial 22 of the apartments are occupied under short term Part 4 lease agreements. Two of the commercial units are let on 35 x 5 lease agreement at a The current rent from these apartments averages approximately €712 per total rent of €31,140 per annum. Further information in respect of month. However, the most recent lettings in November 2014 and January 2015 these tenancies is available on the data site. were agreed at €850 and €900 per month respectively. Consequently, once fully let at current market levels, the total income from the apartments should The remaining seven units are vacant, with two of these units being be in the region €294,000 per annum; equating to an average rent of €875 fully fitted and ready for immediate occupation. per unit per month. For the avoidance of doubt, please note that this is an investment sale and the tenants are unaffected. Accommodation Schedule Accommodation Schedule

Unit Beds Unit Status Approx. Size Approx. Size Monthly Annual Unit Tenant Approx. Size Approx. Size Passing (sq ft) (sq m) Rent Rent (sq ft) (sq m) Rent € € 1 Ivy Hall 2 Occupied 651 60.5 900 10,800 Unit 1 Apache Pizza 657 61 €9,996 € € 2 Ivy Hall 2 Occupied 682 63.4 650 7,800 Unit 2 Vacant 1,372 127.5 - 3 Ivy Hall 2 Occupied 651 60.5 €680 €8,160 Unit 3 Vacant 1,372 127.5 - 4 Ivy Hall 2 Occupied 651 60.5 €550 €6,600 Unit 4 Vacant 1,372 127.5 - 5 Ivy Hall 2 Vacant 682 63.4 - - € 6 Ivy Hall 2 Vacant 651 60.5 - - Unit 5 Chocolate Fringe 1,504 139.7 21,144 7 Ivy Hall 2 Occupied 651 60.5 €650 €7,800 Unit 6 Vacant (Studio fit out) 694 64.5 - 8 Ivy Hall 2 Vacant 682 63.4 - - Unit 7 Vacant 1,489 138.3 - 9 Ivy Hall 2 Occupied 651 60.5 €650 €7,800 Unit 8 Vacant 739 68.7 - 10 Ivy Hall 2 Vacant 651 60.5 - - Unit 9 Vacant (Restaurant fit out) 2,300 213.7 - 11 Ivy Hall 2 Vacant 730 67.8 - - TOTAL COMMERCIAL INCOME €31,140 12 Ivy Hall 2 Occupied 652 60.6 €650 €7,800 All intending purchasers should satisfy themselves in relation to floor areas. 13 Ivy Hall 2 Vacant 730 67.8 - - 14 Ivy Hall 2 Occupied 741 68.9 €750 €9,000 15 Ivy Hall 2 Occupied 741 68.9 €750 €9,000 16 Ivy Hall 2 Occupied 686 63.8 €705 €8,460 17 Ivy Hall 2 Occupied 733 68.1 €850 €10,200 18 Ivy Hall 2 Occupied 733 68.1 €705 €8,460 19 Ivy Hall 2 Occupied 718 66.7 €685 €8,220 20 Ivy Hall 2 Occupied 733 68.1 €705 €8,460 21 Ivy Hall 2 Occupied 733 68.1 €705 €8,460 22 Ivy Hall 2 Occupied 882 82 €705 €8,460 23 Ivy Hall 2 Occupied 733 68.1 €900 €10,800 24 Ivy Hall 2 Occupied 711 66.1 €705 €8,460 25 Ivy Hall 2 Occupied 665 61.8 €680 €8,160 26 Ivy Hall 2 Occupied 665 61.8 €705 €8,460 27 Ivy Hall 2 Occupied 665 61.8 €700 €8,400 28 Ivy Hall 2 Occupied 665 61.8 €680 €8,160 TOTAL COMMERCIAL INCOME €15,660 €187,920 IVY HALL Accommodation Schedule

Unit Tenant Approx. Size Approx. Size Passing (sq ft) (sq m) Rent Unit 1 Apache Pizza 657 61 €9,996 Unit 2 Vacant 1,372 127.5 - Unit 3 Vacant 1,372 127.5 - For illustrative purposes only Unit 4 Vacant 1,372 127.5 - Unit 5 Chocolate Fringe 1,504 139.7 €21,144 Unit 6 Vacant (Studio fit out) 694 64.5 - Unit 7 Vacant 1,489 138.3 - DEVELOPMENT SITE Unit 8 Vacant 739 68.7 - Included in the sale is an adjoining site of approximately 0.145 hectares (0.36 acres). Unit 9 Vacant (Restaurant fit out) 2,300 213.7 - This well located in-fill development opportunity would be ideal for the construction of TOTAL COMMERCIAL INCOME €31,140 another block of apartments or townhouses, subject to necessary consent. The density of any proposed development should be significantly enhanced by the incorporation of the All intending purchasers should satisfy themselves in relation to floor areas. excess car parking spaces in the existing car park into any proposed application. Under the Meath County Development Plan 2013-2019, the subject site is zoned B1; “To protect, provide for and / or improve town and village centre facilities and uses.” Permitted Uses include: B & B / Guest House, Bank / Financial Institution, Betting Office, Bring Banks, Cinema, Community Facility / Centre, Conference/Event Centre, Convenience Outlet, Childcare Facility, Children Play / Adventure Centre, Cultural Facility, Dance Hall / Night Club, Education (Primary or Second Level), Education (Third Level), Funeral Home, Health Centre, Healthcare Practitioner, Home Based Economic Activities, Hotel / Motel / Hostel, Leisure / Recreation / Sports Facilities, Offices 1,000sq. m., Place of Public Worship, Public House, Residential / Sheltered Housing, Restaurant / Café, Supermarket / Superstore, Shop, Take-Away / Fast Food Outlet, Telecommunication Structures, Veterinary Surgery, Water Services / Public Services. Uses Open for Consideration include: Agri – Business, Amusement Arcade, Car Park (incl. Park and Ride), Drive Through Restaurant, Enterprise Centre, Garden Centre, Hospital, Motor Sales / Repair, Petrol Station, Plant & Tool Hire, Retail Warehouse, Retirement Home / Residential Institution / Retirement Village, Science & Technology Based Enterprise. M1 Kells

Newgrange M1 Donore N2 Navan Gormanston Title N3 Balbriggan We understand that the property is held under a Freehold Title.

Ballivor Trim Skerries Viewings Dunshaughlin Ashbourne Viewings are strictly by appointment through Savills Rathoath Summerhill M1 and Hooke MacDonald, the joint selling agents. N2 & ad Malahide N4 Innfield N3

BER Rating Blanchardstown M50 Residential: B3 - C3 M4 Palmerstown Commercial: C1 - G Edenderry Dublin Individual BER numbers available on the data site. Clondalkin

Allenwood Clane Sandyford VAT M50 Full details available on the data site. Brittas Rathangan Naas Bray Contact M7 Newbridge Kilmacanogue Blessington For further information, please contact joint selling agents: Greystones ton KildareM7 M9

IVY HALL 33 Molesworth Street 118 Lower Baggot Street Dublin 2 Dublin 2 PSRA No. 002233 PSRA No. 001651

Linda Forsyth David Cantwell +353 (1) 618 1377 +353 (1) 631 8402 [email protected] [email protected]

Loman Dempsey Donald MacDonald +353 (1) 618 1306 +353 (1) 631 8450 [email protected] [email protected]

Gavin Hanlon +353 (1) 631 8403 Solicitors [email protected]

McDowell Purcell Solicitors PROPERTY MISREPRESENTATION ACT The Capel Building The Joint Agents and the Joint Vendors give note that the particulars and information contained in this brochure do not form any part of any offer or contract Mary’s Abbey and are for guidance only. The particulars, descriptions, dimensions, references to condition, permissions or licences for use or occupation, access and any Dublin 7 other details, such as prices, rents or any other outgoings are for guidance only and are subject to change. Maps and plans are not to scale and measurements are approximate. Whilst care has been taken in the preparation of this brochure intending purchasers, Leassees or any third party should not rely on particulars and information contained in this brochure as statements of fact but must satisfy themselves as to the accuracy of details given to them. Savills Ireland and +353 (1) 828 0600 / or Hooke & MacDonald nor any of their employees have any authority to make or give any representation or warranty (express or implied) in relation to the property and Savills Ireland and / or Hooke & MacDonald nor any of their employees nor the vendor or lessor shall be liable for any loss suffered by an [email protected] intending purchaser/lessees or any third party arising from the particulars or information contained in this brochure.

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