THE FUEL YARD Yard · GLASNEVIN FINGLAS VILLAGE BOTANIC GARDENS TOLKA VALLEY PARK DUBLIN CITY CENTRE IKEA N2 QBC N1 N1 R108 R108 R104 R103 R147 R805 R105 CLEARWATER S.C. € 5 km’s

CHURCH ROAD, FINGLAS, CO DUBLIN

FOR SALE BY PRIVATE TREATY MULTI-FAMILY INVESTMENT OPPORTUNITY

FuelYard

THE FUEL YARD

THE

FINGLAS VILLAGE

INVESTMENT CONSIDERATIONS• 5-storey multi-family investment opportunity with further

development potential (SPP)

• StrategicallylocatedjustofftheN2andapproximately5km’snorth-west of Dublin city centre

• 18 modern apartments comprising 7 one-bedroom apartments, 10 two-bedroom apartments, and 1 three-bedroom apartment

• Opportunitytoconvertofficespaceto2apartmentsanddevelop a further 7 apartments (SPP)

• Currently producing a revisionary rental income of approximately€262,000perannum

LOCATIONThe property is located in Finglas Village at the junction of the Finglas road and Church Road.

Finglasisaresidentialsuburblocatedapprox.5km’snorth-west of Dublin city centre. The area has a wide variety of local amenities including Clearwater and CharlestownShoppingCentres,Ikea,DCU,TolkaValleyParkandBotanicGardens.

ThepropertybenefitsfromexcellenttransportlinksandisaccessedbycarviaChurchRoadwithpedestrian access from the Finglas Road.

DUBLIN CITY CENTRE

M50

M50

J5

LUAS

DCU

DRUMCONDRA

EAST WALL

CLONTARF

MARINO

BEAUMONT

WHITEHALL

ASHTOWN

GLASNEVIN

FINGLAS VILLAGE

BOTANIC GARDENS

PHOENIX PARK

TOLKA VALLEY PARK

DUBLIN CITY CENTRE

IKEA

N2

QBC

N1

N1

R108

R108

R104

R103

R147

R805

R105

CLEARWATER S.C.

€

5km’s

GROSSRENTALINCOMEOFAPPROXIMATELY

€262,000 PERANNUM

FROMDUBLINCITYCENTRE

FuelYard

THE FUEL YARD

THE

FuelYard

THE FUEL YARD

THE

ASSET OVERVIEW Thedevelopmentcomprisesamixof1,2and3bedapartmentsranginginaveragesizefrom47.3sq.mforaone-bed,57.4sq.mforatwo-bedand85sq.mforathreebed.

Alltheapartmentsaredualaspectandbenefitfrombalconieswhichoverlookanattractivepodiumlevelgarden.

Theblockalsobenefitsfromtwooperatingliftsandtwostairwellsprovidingaccesstotheupperfloors.

DEVELOPMENT POTENTIAL (S.P.P)• Extensiontothenorthproviding

7 apartments

• Conversionofgroundfloorstoreandconvertofficespacetoresidential,providing2additionalapartments

• Potentialadditionalfloorbasedon new height guidelines providing 7 additional apartments

TENANCYThe 18 apartments are fully occupied and let under standard residential tenancies.

Rentallevelscurrentlyaverageapproximately€1,119permonthforaone-bedroomapartmentand€1,299permonthforatwo-bedroomapartmentand€1350forathree-bedroomapartment. The total gross rental income is currentlyapproximately€262,000perannum.

PRICING Guidinginexcessof€4,250,000(SubjecttoContract)

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

TITLE Freehold

BER RATING

PROJECT DATASITE LinkTBC

CAR PARK

STORAGEWORKSHOP/ STORAGESTORAGEBIN STORE

CAFE UNIT

ESB

PLANTROOM

FLOOR PLANS DESIGN PROPOSALS

GROUND FLOOR

FIRST FLOOR

SECOND FLOOR

FOURTH FLOOR

THIRD FLOOR

BEDROOM

BEDROOM

BEDROOM

WC

WC WC

WC

STSTSTORESTORESTORE

WC

BEDROOM BEDROOM

BEDROOM

BEDROOM BEDROOMBEDROOM BEDROOM

BEDROOM BEDROOM BEDROOM BEDROOM

BEDROOM

BEDROOM

BEDROOM

STORE

STOREST

WC

WC WC

WC

WC

ST

STORE

KITCHEN/LIVINGAPT 1

KITCHEN/LIVINGAPT 2

KITCHEN/LIVINGAPT 6

KITCHEN/LIVINGAPT 7

KITCHEN/LIVINGAPT 8 KITCHEN/LIVING

APT 9

KITCHEN/LIVINGAPT 10

APT 5APT 3APT 2

KITCHEN/LIVINGAPT 3

KITCHEN/LIVINGAPT 4

KITCHEN/LIVINGAPT 5

BEDROOM

BEDROOM

BEDROOM

WC

WC WC

WC

STSTSTORESTORESTORE

WC

BEDROOM BEDROOM

BEDROOM

BEDROOM BEDROOMBEDROOM BEDROOM


BEDROOM

BEDROOM

BEDROOM

STORE

STOREST

WC

WC WC

WC

WC

ST

STORE

KITCHEN/LIVINGAPT 1

KITCHEN/LIVINGAPT 2

KITCHEN/LIVINGAPT 6

KITCHEN/LIVINGAPT 7

KITCHEN/LIVINGAPT 8 KITCHEN/LIVING

APT 9


APT 5APT 3APT 2

KITCHEN/LIVINGAPT 3

KITCHEN/LIVINGAPT 4

KITCHEN/LIVINGAPT 5

BEDROOM

BEDROOM

BEDROOM








BEDROOM

BEDROOM BEDROOM

STORE

STORE

STORE

STOREWC WC

WCST

STORESTOREST WC WC

WC

WC

WCST




BEDROOM

BEDROOM

BEDROOM








BEDROOM

BEDROOM BEDROOM

STORE

STORE

STORE

STOREWC WC

WCST

STORESTOREST WC WC

WC

WC

WCST




LIVING

KITCHEN

BATHROOM

STORE

BEDROOM BIN STORE BEDROOM

BATHROOMSTORE

LIVING

KITCHEN

PLANT ROOM

PEESTRIAN ACCESS

27M²

20M²5.8M² 12M²

5.6M²

34M²

19M²

PROPOSED 1 BED APARTMENT

1 2 3 4

5 6 7 8

910

1112

1314

1516

1718

1920

21

22

23

24

WINTERGARDEN WINTERGARDEN

PROPOSED RETAIL/ COMMUNALSPACE

PROPOSED RETAIL/COMMUNAL SPACE

TERRACE

KITCHEN /LIVING

BATHROOM

BEDROOM

BEDROOM

KITCHEN /LIVING

WC

TERRACE

STORAGE

BEDROOM

KITCHEN /LIVING

KITCHEN /LIVING

STOREWC

WC

ST

BEDROOMBEDROOM BEDROOM BEDROOM

STOREWC

KITCHEN /LIVING KITCHEN /

LIVING

WC

BEDROOM

KITCHEN /LIVING

WCSTORE

BEDROOM

BEDROOM

ST

14.6M²

30M²

5.8M²

4M²

16M²

3.2M²

30M²

5.5M²

8.3M²

9.9M²

5.5M²

21M²

6.4M²

4.5M²2.5M²

10M²

21M²

10M² 6.4M²

2.5M² 4.5M²

21M²

9.8M²

5M²

15.5M²

6.4M²

10M²

2.5M²

21M²

STORAGE

BEDROOM12.5M²

STORAGE2.8M²

4.6M²

PROPOSED 1 BEDAPARTMENT


EXISTING APARTMENTS

TERRACE

KITCHEN /LIVING

BATHROOM

BEDROOM

BEDROOM

KITCHEN /LIVING

WC

TERRACE

STORAGE

BEDROOM

KITCHEN /LIVING

KITCHEN /LIVING

STOREWC

WC

ST

BEDROOMBEDROOM BEDROOM

BEDROOM

STOREWC

KITCHEN /LIVING KITCHEN /

LIVING

WC

BEDROOM

KITCHEN /LIVING

WCSTORE

BEDROOM

BEDROOM

ST

14.6M²

30M²

5.8M²

4M²

16M²

3.2M²

30M²

5.5M²

8.3M²

9.9M²

5.5M²

21M²

6.4M²

4.5M²2.5M²

10M²

21M²

10M²6.4M²

2.5M² 4.5M²

21M²

9.8M²

5M²

15.5M²

6.4M²

10M²

2.5M²

21M²

STORAGE

BEDROOM12.5M²

STORAGE2.8M²

4.6M²



EXISTING APARTMENTS

470M²

EXISTING COMMUNALOPEN SPACE

OFFICE CONVERSION

NORTHERN EXTENSION - FIRST FLOOR

NORTHERN EXTENSION - SECOND TO FOURTH FLOOR

Savills Ireland and the Vendor/Lessor 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. Neither Savills Ireland nor any of its employees have any authority to make or give any representation or warranty (express or implied) in relation to the property and neither Savills Ireland nor any of its 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. Prices quoted are exclusive of VAT (unless otherwise stated) and all negotiations are conducted on the basis that the purchasers/lessees shall be liable for any VAT arising on the transaction. This brochure is issued by Savills Ireland on the understanding that any negotiations relating to the property are conducted through it. All maps produced by permission of the Ordnance Survey Ireland Licence No AU 001799 © Government of Ireland. Design by mmcreative.ie

SELLING AGENT

Savills 33MolesworthStreet Dublin2

SHANE CORBY [email protected] +353(0)16181450

DARRAGH DOYLE [email protected] +353(0)16181341

DESSIE KILKENNY [email protected] +353(0)16181401

SOLICITORS

Kennedys BloodStoneBuilding SirJohnRogerson’sQuay Dublin2

CAROL MAGUIRE +353(0)14825708 [email protected]

ECONOMIC OVERVIEWIrelandcontinuestoexperiencethefastestrateofeconomicgrowthintheEUwithtotaloutputrisingatanannualrateof9.0%.Jobsgrowthremainsthecatalystforthisexpansion.Morethan74,000netnewjobshave been created in the last twelve months and total employmenthasnowsurpasseditsboom-timepeak.

PRIVATE RENTED SECTORIntheearly2000s,approximately12%ofhouseholdsinDublin rented privately. During this period private renting was generally considered a secondary tenure that was mainly for young people transitioning towards a longer-termgoalofhomeownership.Morerecently,however,stronghousepriceinflationandstrictermortgagelendinghavemadehomeownershiplessaffordable.Alongwithchangingattitudestorenting,thesedynamicshave led to the proportion of households renting privatelyinDublinrisingtoover24%.

DespiteanincreaseintheoverallstockofpropertiesinDublin’sprivaterentedsector(PRS),thenumberof

units that are available to rent has fallen sharply since 2011withvacancynowstandingatjust1.31%.ThisissignificantlybelowtheNaturalVacancyRate(NVR)whichweeconometricallyestimatetobe5.3%inthecapital. Theory suggests that if the actual vacancy rate liesbeneaththeNVRthemarketisundersuppliedandrentswillberising,andthat’sexactlywhatishappening.AverageresidentialrentsinDublinarecurrentlyrisingby7.8%perannum.

RESIDENTIAL RENTAL MARKET RentcontrolswerefirstintroducedinDublininDecember2016.Generally,theselimitrentalgrowthtoamaximumof4%perannum.However,thereareexemptionsforpropertiesthathavenotbeenpreviously let within the last two years and in the case of a substantial change in the nature of accommodation provided by a landlord. These legislative changes allow for the possibility of a divergence between average rental growth rates and rental growth rates on newly let or new buildpropertiesandappeartoexplainwhyrentalgrowthinDublincontinuestoexceedtheregulatedgrowthrateof4%perannum.

Documents

THE FUEL YARD Yard · GLASNEVIN FINGLAS VILLAGE BOTANIC GARDENS TOLKA VALLEY PARK DUBLIN CITY CENTRE IKEA N2 QBC N1 N1 R108 R108 R104 R103 R147 R805 R105 CLEARWATER S.C. € 5 km’s