The units in Robswall have a strong letting history with strong occupier demand and virtually 100% occupancy.
24 of the apartments are currently let on standard short-term residential tenancies producing a current rent of €395,700 per annum. Three units have been held vacant for the purpose of the sale.
The passing rents range from €1,100 (one bed) up to €1,800 (three bed penthouses) with an average rent of €1,350 per month.
The market rent for the properties is €483,000 per annum, with the following rents achievable:
One bed
€1,250
Two bed
€1,400
Three bed
€1,800
Three bed penthouse
€1,800
Estate Charge
The management company for the estate is Rheinpark Management Company Limited. The current property manager is Smith Property Management.
The 2015 service charges range from approximately €488 to €2,600 per annum. The service charge includes
Break - Up Values
Based on recent sales in Robswall, the value of the apartments on a break-up basis is in the order of €8,500,000, an average of €350 per sq.ft.
