JLL Residential

Ref No. JLLATR91371
Greeg Court, Parnell Street, Dublin 1, 0000 0000

€10,000,000 FOR SALE

  • Various
  • Private Rented Communities
  • 30 apartments in one central location.
  • 20 X two-bedroom apartments.
  • 10 X one-bedroom apartments
  • 10 X car parking spaces.
  • Total gross income of approx. €544,416 per annum (assuming 100% occupancy)
  • Retained vacancy in 2 recently refurbished units for the benefit of the sale.
  • Excellent growth potential.

Asset Overview.

Greeg Court is a well-established mixed used development with ground floor retail units and 126 Apartments arranged over the upper eight floors. The apartments in the subject portfolio are dispersed throughout the building and are a mix of 10 one-bedroom apartments and 20 two-bedroom apartments along with 10 basement car parking spaces. 28 of the apartments are being sold with the existing tenants in situ with the remaining two being sold with vacant possession. Along with the excellent central location the residents also have the benefit of a communal roof terrace with spectacular views of the City. Managewise Ltd are the block managers.

 

This superb investment opportunity is located close to O’Connell Street  in the heart of Dublin City Centre. It benefits from close proximity to all the amenities and services istoric street pattern to be restored, a new east-west pedesthat one would expect from such a central location.

 

This area of the City is to be transformed in the coming  years  with the htrian street between O’Connell Street and Moore Street, two new civic squares, shops, offices, apartments, a hotel and metro station.  Dublin City Council has also had plans approved for redevelopment of Parnell Square as a “cultural quarter” for Dublin, with a new city library, public plaza, and the restoration of some of the city’s finest Georgian houses.