The apartments within Beacon South Quarter are fully let with 5 units vacated for sale purposes on short term residential tenancy agreements, typically for a fixed 12 month period.
Rental levels currently average €1,046 pm, €1,320 pm & €1,588 pm for one, two & three-bedroom apartments respectively.
However, rental levels of the most recently agreed units average approximately €1,175 pm, €1,567 pm & €1,650 pm for one, two & three-bedroom apartments respectively.
Once 100% occupancy within the development is reached and rents are increased in line with current market rental values, gross income is expected to exceed €4.5 million per annum.
Full information is available on the Data Site.
The property is managed by Aramark. Full service charge budget and management company details are available in the project Data Site.
BER range from B2-G.