Property of The Week: Luxury One Beds Delivering Record Yields At Dublin’s Premier Development

Fully completed and over 80% sold, Lansdowne Place, set on the picturesque former Trinity College Botanical Gardens in the prime district of Ballsbridge, has set price records across the city of Dublin and country of Ireland. A further feather in the cap of Dublin’s premier development is the record yields on offer, with a one-bedroom apartment currently achieving an average yield of 6.75%^[1] (currently the highest rental return in Europe and the third highest in the world).

Priced from €800,000 and ranging in size from 703 sq. ft. to 782 sq. ft. only nine one-bedroom apartments remain and with the area and local economy set to be further boosted by the completion of the sale of the land for a brand new U.S. embassy, on the site of the former Ballsbridge Hotel directly adjacent Lansdowne Place, expectations are that the investment potential is set to increase in the coming years.

A typical one-bedroom apartment at Lansdowne Place is designed for contemporary, open-plan living, with a generous sunroom overlooking the private landscaped gardens that include a number of trees, plants and shrubs dating back over 150 years. Each home includes a private parking space within a secure underground facility.

Designed with outstanding attention to detail a bespoke palette is available for the interior fit-out of the one-bedroom apartments, with a selection of fine porcelain, Silestone and stone finishes, timber flooring and soft carpeting are thoughtfully crafted in a classic, contemporary setting. Each home is fitted with custom-designed handmade kitchens and wardrobes by world-class furniture makers and joiner O’Connors of Drumleck, Co. Louth, whilst furniture packages are available for those looking for a turnkey home ready to rent.

Gemma Harrington, Head of Sales & Marketing at Lansdowne Place commented: "The rental market in Ireland has boomed in recent years and the quality of the homes at Lansdowne Place has seen demand outstrip supply. We’re seeing average rents of €4,000 per month for a one-bedroom apartment, which is providing strong yields for owners. With only a limited number of one-beds remaining now is the time for investors to make the move, especially with demand set to increase further with the U.S. embassy set to open directly next door.”

Residents of Lansdowne Place also benefit from private access to world-class amenities and services at The Residents’ Club, a 6,500 sq. ft. private space exclusively for those that live within the gated development and their guests.

Providing facilities akin to the finest 5-star hotel, The Residents’ Club comprises an expansive lounge, library, meeting room, cinema room, private dining room with separate prep kitchen, as well as a full-length terrace. The lower ground floor comprises a Thermal Suite comprising of a sauna, steam room, featuring a fitness studio, individual treatment rooms and private terrace. Secure private parking is located in the basement and accessible from street level.

Lansdowne Place is situated in Dublin's most desirable suburb, Ballsbridge, which extends northwards towards the Grand Canal, southwards towards Donnybrook, and westwards to encompass the area around Pembroke Road, Clyde Road, Elgin Road, and Herbert Park. It is also close to the capital’s tech and commercial hub and just 30 minutes’ drive from Dublin Airport, whilst the area is also set to be further buoyed by the introduction of a state-of-the-art U.S. Embassy building that will be directly adjacent to Lansdowne Place.

The city centre can be reached within 8-minutes on the nearby DART (Dublin Area Rapid Transit) or within a 30-minute walk along Shelbourne Road to reach the city’s finest shopping, restaurant and cultural venues.

For further information on the last remaining one-bedroom apartments at Lansdowne Place, contact Savills International on Tel: +353 (0) 1 6181300 or Sherry Fitzgerald on Tel: +353 (0) 1 667 1888 or visit http://www.lansdowneplace.ie/.