High quality residential investment of scale being sold in 3 lots.
The Investment opportunity comprises 27 apartments at Fawn Lodge (Lot 1) and the adjoining substantial residence of Deerpark House situated beside the Castleknock Gates of Phoenix Park (Lot 2).
Lot 1 at Fawn Lodge comprises an entire block of 23 apartments plus 4 additional units in the second block representing 27 apartments out of the entire 52 unit apartment scheme with 32 number of secure basement car parking spaces.
The Fawn Lodge scheme provides:
4 One-bedroom apartments
20 Two-bedroom apartments
3 Three-bedroom apartments
3 vacant units and 24 occupied units with a total current rent of €451,200 per annum
Lot 2, Deerpark House neighbours the Fawn Lodge scheme and comprises a substantial detached residence of approx. 483 sq.m. (5,198 sq.ft.) a site of approx. 0.3 acres. The house is currently in use as an 8 bedroom B&B but purchasers are likely to also value its development potential to provide for additional high-end apartments at this excellent location.
Guide price is excess €8.5 million for the 27 standing stock apartments (Lot 1) plus €1.5m for the adjoining Deerpark House residence/development site (Lot 2).