ROBIN HILL Dundrum, 16.

Entire Multi-Family Block of 51 Investment Apartments

www.robinhillinvestment.ie 2 Investment Summary

• An opportunity to buy an entire block of 51 apartments located in a mature and popular residential location close to Dundrum • The offering is currently generating a rent of €498,240 per annum based on occupancy of 70%; compared to an estimated rental value of €994,800 per annum when fully let • The Dublin apartment letting market is performing very strongly with demand outstripping supply. Dundrum and are in high demand with tenants • Apartment rents grew by 8.7% during 2015

DUNDRUM M50 CLOSE TOWN TO CENTRE SANDYFORD ESTATE

ATTRACTIVE BLOCK COMPLETED

51 BASEMENT 2007 APARTMENTS 82 SPACES

2x 47x 2x 1 BED APARTMENTS 2 BED APARTMENTS 3 BED PENTHOUSES

CURRENT INCOME ERV E498,240 E994,800 ONLY 70% LET

3 Blackrock

Stillorgan

Dunnes Stores

LUAS Industrial Park The Beacon Hotel The Beacon Hospital

Naomh Olaf GAA Club

Balally Shopping Centre

Primary School

Irish Management Institute

Dundrum Town Centre

4 Foxrock

Leopardstown Race Course

Central Park LUAS Green line

The Beacon Hospital

ROBIN HILL

M50

Sandyford Road

Sandyford Village

For identification purposes only. 5 Robin Hill

The Location

Robin Hill is located in the increasingly popular Dundrum area, just off the M50 between Dundrum Village and Sandyford, at the junction of Sandyford Road and Blackthorn Drive.

It lies 550 metres west of the Beacon Hospital and 1.25 km southeast of Dundrum Town Centre.

800m 8.5km LUAS GREEN LINE 700M AWAY DUBLIN CITY

• Within walking distance to Dundrum Town Centre and Beacon South Quarter • Very popular letting and owner occupier location • Easy motorway access at junction 14 of the M50 (700m) • Close M2 to Dublin’s premier suburban office location including Microsoft’s European HQ • Numerous sports clubs, leisure amenities and Leopardstown racecourse nearby • Beacon and Clayton hotels nearby SWORDS MALMAALAAHIDAHIHIH DE

M1 DUBLIN PORTMARNOCK AIRPORT CLONGRIFFIN M50 BLANCHARDSTOWN SANTRY CLONSILLA HOWTH CLONTARF M50 LUCAN CITY CENTRE DUBLIN

CLONDALKIN

RANELAGH DUN LAOOGHAIRE DALKEY TALLAGHT DUNDRUM ROBIN STILLORGAN HILL M50 KILLINEY SANDYFORD

M11 BRAY 6 DUBLIN ROAD

VE.

NUTGROVE SHOPPING CENTRE R825 TO A Dundrum Town Centre R826 R825 N31 LORE NU G T RO V E

W PARK A MEADOW Aireld Y STILORGAN BARTON ROAD EAST DUNDRUM TOWN CENTRE WEST

LUAS LINE N31 R826

R825 DUNDRUM KILMACUD MARLEY AVE.

ROBIN BENILDAS MARLEY GRANGE SAND AVENUE

DRUMMARTIN LINK ROAD HILL STILLORGAN

YFORD ROAD Resevoir R822 Ballawley Park

N31 GRANGE GOLF CLUB BALLINTEER Beacon R117 South SANDYFORD VE. Quarter Irish Managment Beacon CLARKSTOWN Institute Campus Hospital BALLINTEER A BLACKTHORN DRIVE R826 BALALLY R113 TIPPERSTOWN

SANDYFORD ESTATE Marley Park R822 N31 M50 N31 LUAS LINE

SIMON’S RIDGE SANDYFORD LEOPARDSTOWN N31 R113 M50 CENTRAL PARK R113 Not to scale, for illustration purposes only.

Balally LUAS Stop Marlay Park

7 Robin Hill

Description

• Robin Hill comprises a four-storey curved building of 51 apartments over basement car parking, with a central landscaped courtyard. The development was completed circa 2007 to a very high standard

• The Investment comprises the freehold interest in the entire development of 51 apartments and 82 car parking spaces

• The development is also landscaped

• Robin Hill benefits from pedestrian access onto Sandyford Road and Blackthorn Drive. Access to the underground car park is off Blackthorn Drive, via Limes Road / Rowans Road

Robin Hill from east side, Rowans Road

Balcony

8 ENTIRE BLOCK CAR PARKING 51 APARTMENTS Basement

COURTYARD Landscaped and Communal

BALCONIES DISTINCTIVE and Terraces Corner Block

FOUR STOREYS Completed 2007

For identification purposes only. 9 Robin Hill

Outline OS map of Robin Hill Not to scale, for illustration purposes only.

Kitchen

10 Internal Courtyard

Schedule of Accommodation

Details of the apartment’s gross internal floor areas are set out below.

Unit Type 1 Bed 2 Bed 2 Bed Penthouse 3 Bed Penthouse Total Total 2 41 6 2 51

Average Unit Size (sq.m.) 50 86 90 124 4,414 Average Unit Size (sq.ft.) 538 926 969 1,335 47,512

All intending purchasers are advised to verify the floor areas and undertake their own due diligence.

11 Robin Hill

Specification

Common Areas Windows and Doors • CCTV to common area and access control • High quality double-glazed composite windows • Attractive landscaped courtyard areas. Quality with floor to ceiling windows and patio doors in paving throughout living rooms to maximise natural light • Stairs and corridors finished in high quality tiles • Solid hardwood main entrance door to apartments • Secure individual post boxes • Selected veneer doors with chrome furniture to all • Secure underground parking internal doors

Kitchen Electrics • Contemporary designed kitchens • Apartments are pre-wired for cable television, • Integrated appliances alarm and telephone • High quality floor tiling • Security video intercom to apartments • Generous electrical specification Bedrooms • Chrome finishes to switches and sockets in living rooms and kitchens • Full height fitted wardrobes with integrated shelves and hanging rails Lift • Majority of the two and three bedroom apartments have master bedroom en-suite • High speed lifts which serve all floors from • Wired for TV and telephone in all bedrooms underground car park

Bathroom Flooring • Luxuriously appointed bathrooms • High quality tiles to hallways, kitchens, living • Fully tiled rooms and dining areas. Carpets to bedrooms and • Chrome and glass bath/shower screen tiles to bathrooms and en-suites • Thermostatically controlled high-pressure shower

Heating and Hot Water • Communal Natural Gas central heating with unit metres • Pressurised hot water system

12 Living/ Dining room

Bedroom

13 Robin Hill

Investment / Tenancy Details

• Thirty-six of the Robin Hill apartments are • The current rental income is €498,240 per currently let (70%). Fifteen of the apartments annum based on the thirty-six let units are vacant of which three are fitted out for letting and twelve are yet to be fitted out. • There is an immediate opportunity to significantly increase the rental income securing tenants for • The rented apartments are let on short term the fifteen vacant apartments and reviewing residential tenancy agreements, the majority of rental levels on the tenanted apartments which are for a fixed 12 month period

Unit Type 1 Bed 2 Bed 2 Bed Penthouse 3 Bed Penthouse Total Total Units 2 41 6 2 51 Average Unit Size (sq.m.) 50 86 90 124 4,414 Average Unit Size (sq.ft.) 538 926 969 1,335 47,512 No. of Current Vacant Units 0 14 1 0 15 Average Rent per Unit (p.m.) €1,150 €1,193 €1,131 €1,225 €498,240 p.a. Estimated Rental Values per Unit (p.m.) €1,350 €1,600 €1,750 €2,050 € 994,800 p.a.

Economic Overview at a Glance

22% FALLING UNEMPLOYMENT 20%

DUBLIN RATE 15% 8.8% 8.7% STRONGEST EMPLOYMENT 10% GROWTH RATE IN EUROPE 4.1% 5% 4.8% 1.2% DUBLIN 1,150 IS THE INTERNET INTERNATIONAL HUB OF EUROPE CORPORATE’S HEADQUARTERED IN APT GDP GROWING EXCHEQUER POP. GROWTH RENTS GROWTH CONSUMER RETURNS PROJECTED IN RISING SPENDING DUBLIN 2016-2021 DUBLIN

14 Further Information

Floor Plans Website and Data Site Available on the Data Site. www.robinhillinvestment.ie

Tenure Vendor We understand that the subject property is Joint Statutory Receivers Paul McCann and held on a single freehold title. Stephen Tennant of Grant Thornton.

Estate Management Terms The development is managed by Lowe & For Sale by Private Treaty in a single lot. Associates. Full details are available in the Data Site. Pricing On application. Building Energy Ratings The BER’s for the subject apartments range from B1 - D1. Individual BER numbers are Solicitors available on the data site. Gartlan Furey Solicitors, 20 Fitzwilliam Square South, Dublin 2. Building Survey Assignable building survey available on the Data Site.

Viewings Viewings are strictly to be arranged through the joint selling agents.

15 Joint Selling Agents

Lisney Hooke & MacDonald St. Stephen’s Green House 118 Lower Baggot Street, Earlsfort Terrace, Dublin 2, Dublin 2, Ireland. Ireland.

www.lisney.com www.hookemacdonald.ie PSRA licence No.001848 PSRA Licence No. 001651

Duncan Lyster David Cantwell +353 (0)1 638 2 743 +353 (0)1 631 8402 [email protected] [email protected]

Lynda Gordon Donald MacDonald +353 (0) 1 638 2768 +353 (0)1 631 8450 [email protected] [email protected]

Frank McSharry Gavin Hanlon +353 (0)1 638 2 717 +353 (0)1 631 8403 [email protected] [email protected]

ROBIN HILL www.robinhillinvestment.ie

PROPERTY MISREPRESENTATION ACT design | conradjones.com

The Joint Agents and the Vendors give note that the particulars and information contained in this brochure do not form any part of any offer or contract and are for guidance only. The particulars, descriptions, dimensions, references to condition, permissions or licences for use or occupation, access and any 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, Lessees 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. Lisney and / 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 Lisney and / or Hooke & MacDonald nor any of their employees nor the vendor or lessor shall be liable for any loss suffered by an intending purchaser/lessees or any third party arising from the particulars or information contained in this brochure.