Key Investment Highlights

• Modern high specification scheme of 39 one and two bedroom apartments (completed in 2020)
• Long term inflationary linked lease providing approx. 21.66 years term certain
• Uncapped index linked Rent Reviews every 3 years in line with HICP
• Investment grade covenant - let in its entirety to Dublin City Council
• Low management requirements – Council responsible for maintenance and repair within apartments as well as engagement and interaction with individual occupiers
• Current passing rent of €959,516 per annum (projected NOI of €836,481)*
• Highly sustainable development meeting modern ESG standards with excellent BER (EPC) rating of A3
• Convenient location within Dublin City Centre close to a host of amenities and major transport infrastructure

*Based on 2024 budget and LPT costs