Investment opportunity of 32 apartments in Citywest

By William O'Connor 

A MULTI-Family investment opportunity has come on the market in Citywest.

The Round Garden development close to Saggart Village comprises of 32 apartments set within a walled courtyard with a guide price of €7.25 million.

round garden citywest

The round garden development 

The development comprises of a mix of one bed plus study, two beds and three beds with surface car parking spaces.

Selling agent Savills say current rental income for the development is approximately €560,000 pa representing a net initial yield of 5.91 per cent.

EK492 ODwyer English 181018

Rental levels currently average €1,400 per month for one-bedroom apartment, €1,450 per month for two-bedroom apartment and €1,750 per month for three bedroom apartment.

The development is in an excellent location which is a five minute walk from the Saggart Luas stop while adjoining Citywest Hotel and Saggart Village.

Shane Corby of Savills, who is handling the sale told The Echo: “The current supply/demand imbalance has resulted in strong performance in the multi-family sector. The scheme are high yielding and have a number of short-term value-add initiatives so we expect good interest from a variety of investor types.”

Prev Two office blocks in Citywest Campus purchased for €6.5m
Next Orwell Shopping Centre has guide price of €7.5m

  • Tallaght in the Autumn
  • Number of 'near misses' between Luas trams and pedestrians on the rise
  • Olwen Carey - September Sports Star of the Month
  • Rathfarnham Ladies Golf Team - September Team of the Month
  • Halloween garden full of ghoulish surprises

We use cookies to improve your experience on our site, personalise content, provide social media features, analyse our traffic, show you relevant advertising and to target and report on ads. By using the site, you consent to the use of cookies that may process personal data for these purposes.