PRINTWORKS, BRAY

Residential Investment Portfolio FOR SALE by Private Treaty

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Opportunity to acquire nine two-bedroom apartmentsin the well located Printworks development, Bray.Bray is the ninth largest urban area in the Republic of Ireland (at the 2016 census) with a population of 32,600

and is located just 12 miles south of Dublin city centre.

9 high quality residential units.

Available in 1 lot.

9 x two bedroom apartments.

Part of 45 unit residential scheme built in 2006 with landscaped communal gardens.

Generously sized apartments ranging in size from 53 Sq.m. to 72 Sq.m. with all units having benefit of rear garden or balcony.

Excellent transport links close by including Bray DART station and Dublin Bus services.

Functioning Management Company in place: Bray Printworks Management CLG.

Guiding in excess of €1.55 million.

Producing an overall gross rental income of €105,120 per annum.

Estimated Rental Value: €151,000 per annum.

2 Vacant apartments providing immediate opportunity to increase rent and enhance return.

Net Initial Yield of 6.5% rising to 8.98% off ERV.

INVESTMENT SUMMARY

KILCOOLE

DELGANY

KILMACANOGE

CARRICKMINES

CABINTEELY

DALKEY

MONKSTOWN

DÚN LAOGHAIRE

BOOTERSTOWN

DUNDRUM

RATHMINES

BALLSBRIDGE

BRAY

DUBLIN CITY CENTRE

GREYSTONES

NEWTOWN MOUNTKENNEDY

N11

N11

M50

E01

LOCATION

Bray is a busy coastal town located just 12 miles south of Dublin City Centre. It is the biggest town in County Wicklow with a population of 32,600 and is the ninth largest urban area in the Republic of Ireland (at the 2016 census). It is known as the Gateway to the Garden of Ireland and is the longest established seaside town in Ireland.

AMENITIES

The town boasts fine hotels, shops, restaurants and evening entertainment. Also available in the immediate locality are golf courses, tennis, fishing, sailing, and horse riding. Another feature of Bray is the variety of amusement centres and carnival attractions, bowling alley, and nightclubs.

TRANSPORT

Bray is easily accessible from Dublin City Centre by DART. Printworks is a 14 minute walk to Bray DART station. Other excellent commuter links exist between Bray and Dublin via Dublin Bus services and the M11 and M50 motorways.

Castle Street

THE ARBOUR

SUPERVALU

BRAY

DART

DESCRIPTIONThe Printworks, Bray is a modern Residential development of 45 apartments completed in 2006. The scheme is an exclusive gated community with landscaped gardens and secure underground parking. On street and visitor parking is also available. The portfolio for sale comprises 9 generous two bedroom apartments ranging in size from 53 Sq. m to 72 Sq. m. Internally, the properties are well appointed, with fully fitted kitchens and bathrooms. All units are fully fitted out to a modern standard and provide bright and spacious accommodation. The development has the benefit of a combination of surface and basement car parking.

FEATURES

Generous size apartments with attractive layouts

Surface and basement car parking

Landscaped communal gardens

Balconies or private rear gardens

En suite bathrooms

Laminate Flooring

Storage Heating

INCOME SUMMARY & TENANCY SCHEDULE

Apt No. Type Current Rent pm € ERV pm € Service Charge pa € LPT 2019 € Approx Sq ft

13 2 bedroom 1195 1400 1600* 225 774

28 2 bedroom with rear garden 1195 1400 1600* 225 667

29 2 bedroom with rear garden Vacant 1400 1600* 225 774

30 2 bedroom 1250 1400 1600* 225 570

31 2 bedroom 1250 1400 1600* 225 570

42 2 bedroom with rear garden 1195 1400 1600* 225 667

43 2 bedroom with rear garden Vacant 1400 1600* 225 667

44 2 bedroom 1375 1400 1600* 225 570

45 2 bedroom 1300 1400 1600* 225 570

* €1450 per apartment if paid before March 10th or with early approved payment plan in place

FLOORPLANSAPTS 30 & 31 (2 BEDS)

APT

30

MASTER BEDROOM BEDROOM 2 BEDROOM 2 MASTER BEDROOM

ENSUITE

BATHROOMHALL HALL

KITCHEN

HO

TPRE

SS

HO

TPRE

SS

KITCHEN

LIVING ROOM

DINING ROOM DINING ROOM

BALCONY

LIVING ROOM

BATHROOM

ENSUITE

APT

31

DIRECTIONS:

Traveling south bound on the M50 take first exit for Bray North. Take 2nd exit on roundabout and continue straight on the Dublin Road. Turn right onto St. Cronans Road and take the next left onto Adelaide villas and the Printworks is on your right hand side.

TITLE: We are informed that the title is Long Leasehold

FURTHER INFORMATION

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Strictly by appointment with the sole letting agent Bagnall Doyle MacMahon. For further information please contact:

Disclaimer: These particulars are for guidance only and do not form part of all or any contract. Whilst care has been taken in their preparation we do not hold ourselves responsible for any inaccuracies. They are issued on the understanding that all negotiations will be conducted through this practice. We do not guarantee the accuracy of any description, dimensions, references to condition, necessary permissions for use and other details contained herein and any prospective purchasers should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the accuracy of each of them.

Declan BagnallT +353 1 6795265 E declan@bdmproperty.ie PSRA Licence number 003571-006304

Conor NilandT +353 1 6795265 E conor@bdmproperty.ie PSRA Licence number 003571-007218

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