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12 Christchurch Hall, High Street, Dublin 8, South Dublin City

€295,000
Investment Property For Sale | 646 sq. feet (60 sq. metres)
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Overview

Property Description:

***Superb Investment Opportunity***

This 2 bedroom apartment in Christchurch Hall is coming to the market with the benefit of a 10 year lease from January 2017 to a Corporate Tenant who is currently renting all of the apartments in the development. The development is run as Serviced Apartments by a well-established short-term accommodation provider, Stay City, who ensure that the individual apartments and the block as a whole are maintained to a very high standard.

The Lease guarantees an initial Yield of 5.3% per annum with a rent review in July 2019, with further reviews to take place in January 2022 and July 2024:

Initial Lease
Guide Price: €295,000
Monthly Rent: €1,300
Initial Gross Yield: 5.3%

Under the terms of the Lease the Tenant is responsible for the majority of items that would normally fall under Landlord Obligations:

- Insurance
- Internal Maintenance
- Refuse
- Appliance Repair & Replacement
- Furniture Upkeep & Replacement

The owner will be responsible for the payment of an annual service charge of approx. €500, which is deducted from the rent by Stay City on a monthly basis.

Advantages to Landlord:

- No day to day involvement required
- Strong covenant
- No void periods
- No management agent fees
- No letting fees
- No tenant related issues (withholding rent, PRTB etc)
- No internal maintenance costs
- No appliance or furniture replacement costs
- 24 hour reception & concierge
- Low Annual Service Charge

ACCOMODATION DETAILS:

Entrance Hall:
Laminate wood flooring, light fitting, and storage cupboard.

Living Room: 6.0m x 4.4m
Laminate wood flooring, light fitting, centre rose, curtains, feature fireplace, floor to ceiling window, door to Juliet balcony.

Kitchen: 2.2m x 2.6m
High quality fitted kitchen, tiled splashback, stainless steel sink, fridge, oven, hob, extractor fan, washer dryer.

Bedroom 1: 4.3m x 2.5m
Carpet, fitted wardrobes, light fitting, curtains, floor to ceiling window, door to Juliet balcony.

Bedroom 2: 3.8m x 2.5m
Carpet, fitted wardrobes, light fitting, curtains.

Bathroom: 2.0m x 1.8m
WC, WHB, bath, wall & floor tiling, extractor fan, shaving light & socket, airing cupboard.

Size: Approx. 650 square feet / 60 square metres

Heating: Electric Storage Heating

Service Charge: €500.00 per annum


Disclaimer:
The above particulars are issued by Herbert Property Services on the understanding that all negotiations are conducted through them. Please note that we have not tested any apparatus, fixtures, fittings, or services. Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.

Daft Property Shortcode:

https://www.daft.ie/5692338

Date Entered/Renewed:

14/12/2018 (2 days ago)

Property Views:

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Address:

12 Christchurch Hall, High Street, Dublin 8, South Dublin City

Distance to City Centre:

1 km (0.6 miles), 10 minute walk

Public transport routes that service Dublin 8:

  • Bus: 51B

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12 Christchurch Hall, High Street, Dublin 8, Co. Dublin