RS-WS1
For Sale

Seapark Mount Prospect Avenue ,

Clontarf, Dublin 3, D03RV00
Guide price
€2,900,000
Investment Property

Property Overview

The overall Seapark development comprises ten original low-rise apartment blocks ranging from three to four stories, originally constructed circa 1960’s. The entire development includes a total of 124 units. The property is well-maintained incorporating landscaped common areas and car parking at surface level. This sale includes 10 two-bedroom located across various blocks in the development.
Seven of the units for sale have undergone extensive refurbishment and upgrade to include new electric radiators, kitchen and bathroom extract, fridge/freezer, 4 hob oven, repainting, sofa’s, beds, dining tables/chairs etc.
Internally the apartments include fitted kitchens and are heated via electric heating systems. The apartments come with wooden flooring to the hall, bedrooms and lounge and floor tiling to the kitchens, bathrooms.
Each apartment extends to approximately 61.75 sq.m (665 sq.ft).

• 10 x two-bedroom apartments
• Each extending to approximately 61.75 sq.m (665 sq.ft)
• Most apartments have been refurbished.
• Ample car parking space
• 5km from Dublin City centre

Title
Long leasehold

Estate Management
Service charge and management company details available upon request

Viewings
By appointment only through the selling agent Lisney

BER
D2-E2
Individual BER numbers are available on request.

Price
Seeking offers in excess of €2,900,000 which represents an initial yield of 5.92% and an immediate reversionary yield of 6.67% (gross yields net of acquisition costs at 4.46%).

The overall Seapark development comprises ten original low-rise apartment blocks ranging from three to four stories, originally constructed circa 1960’s. The entire development includes a total of 124 units. The property is well-maintained incorporating landscaped common areas and car parking at surface

  • Multi-family investment opportunity in a popular and mature residential location
  • 10 x two bedroom apartments available in a single lot
  • Refurbishment works recently completed on 7 apartments
  • Current gross income of €179,400 per annum with one unit held vacant
  • Immediate reversionary potential of €202,200 per annum through letting the vacant unit
  • Excellent transport links – DART / Dublin Bus
  • Tenants not affected

Accommodation

Accommodation & Tenancy Schedule

UnitNo. of BedsFloorStatusAnnual Rent €Monthly Rent €Size sq.mSize sq.ft
Apt 2GroundLet20,4001,70062665
Apt2GroundLet21,6001,80062665
Apt2GroundLet15,4001,30062665
Apt2GroundLet22,8001,90062665
Apt2GroundLet20,4001,70062665
Apt 2ThirdVacant 62665
Apt2ThirdLet20,4001,70062665
Apt2Ground Let15,6001,30062665
Apt2Ground Let20,4001,70062665
Apt2FirstLet22,2001,85062665
179,40014,9506186,647

Accomodation & Tenancy Schedule

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RS-WS1