Description
• 14 apartments for sale in two self-contained blocks.
• Situated within walking distance to Grand Canal Dock & St. Stephen's Green.
• Comprises of 3 one-bedroom apartments & 11 two-bedroom apartments.
• Current rental income of 313,188 euro per annum (once vacant units & car spaces are let).
• Secure parking for 6 cars with 2A Hogan Avenue.
• Tenants not affected.
Hogan Place and Hogan Avenue is a popular and well-maintained Cosgrave built development of 14 apartments. The properties comprise of 3 one-bedroom apartments and 11 two-bedroom apartments. The apartments are within two self-contained blocks. Hogan Place comprises of 6 apartments and Hogan Avenue consists of 8 apartments and 6 car parking spaces.
The properties are all finished to a good standard. They are well laid out and each benefit from a spacious living area. Apartments at 2A Hogan Avenue benefit from an underground car park which are let on a license agreement to a nearby office.
Investment Highlights:
The 14 apartments are fully let, generating a current gross rental income of 313,188 euro per annum (once the vacant units are re-let) with an average rent of 1,757 euro per month per apartment. Currently, 11 of the 14 units are occupied under standard residential tenancies.
The 6 apartments at Hogan Place are producing an annual gross income of 131,376, euro while the apartments at Hogan Avenue are generating an annual gross income of 181,812 euro.
Given its proximity to major employment zones such as Grand Canal Dock and The IFSC, along with being within walking distance of Saint Stephen's Green, the apartments are suited to working professionals amongst other categories of occupiers.
The six parking spaces, with an estimated Rental Value (ERV) OF 18,000 euro per annum, are secured by an electric gate accessible via Hogan Avenue.
Location:
Hogan Place & Hogan Avenue is a superbly maintained development and is located within walking distance of Grand Canal Dock, St Stephen's Green, Merrion Square and Grafton Street.
Hogan Place & Hogan Avenue benefit from being surrounded by excellent public transport links with bus routes and within walking distance of two DART Stations. Pearse Station is 500m north while Grand Canal Dock is 750m east.
Major employers within walking distance include Google with its EMEA headquarters located on Barrow Street, Accenture, Stripe, Airbnb, The National Maternity Hospital, Mason Hayes & Curran, Matheson & William Fry. Trinity College is located within 900 metres of the property. These apartments are within close proximity of many third level institutions such as Trinity College and Technological University Dublin. Accommodation
BER Details
Negotiator
DUBLIN 2 807 m2
DUBLIN 2 807 m2