DUBLIN8: FROM €295,000:Rent-to-buy apartments are on offer in a new scheme by Heuston Station
AROUND 20 apartments are being launched in Heuston South Quarter opposite Heuston Station, Dublin 8, today.
The developers are operating a rent-to-purchase scheme to attract buyers. Agent Hooke MacDonald is quoting prices from €295,000 and rents from €1,100 per month for one-bed apartments.
The development has a full concierge service and Rhatigan Commercial Developments has gone for a high spec design. Most of the larger apartments have two en suite bathrooms and are dual aspect, according to Hooke MacDonald.
Integrated appliances, stone worktops in kitchens, a thermostatically controlled central heating system, mood lighting in the livingroom, fitted wardrobes, hardwood flooring and balconies with most apartments are among the standard features.
The €600 million Heuston South Quarter overlooks the Royal Hospital, Kilmainham, and will incorporate over 92,900sq m (one million sq ft) of floor area including retail, offices, a four to five-star hotel, leisure centre, gym, restaurants, and a crèche. The first 350 apartments are currently being completed.
There are two show units on view from today and 46-52sq m (495-565sq ft) one-bedroom apartments rent from €1,100 a month and cost €295,000.
Two-bed apartments – mostly over 79sq m (850sq ft) – cost €380,000 and rent from €1,250 a month; 120sq m (1,290sq ft) three-beds are from €1,650 a month and cost from €475,000.
Under the rent-to-purchase scheme the tenant signs a three-year lease for the apartment. If they decide to buy at the end of the three years and the apartment has dropped in value, the developer will provide up to a 10 per cent discount on the price agreed. If it goes up in value, the apartment remains at the price originally agreed.
If the tenant decides to buy before their three-year lease is up, it will be at the current fixed price.
The deposit they’ve paid and the rent paid can be used as part of the purchase price.
If they don’t buy the apartment at the end of their lease, they get their deposit back in the normal way.
The apartments can also be bought in the normal way but the agent says they will be rented or sold on a first come, first served basis.
Designed by Anthony Reddy Associates, the apartments have private landscaped courtyards. Heuston South Quarter has a sweeping curved glass façade. There will also be a one-acre civic square with restaurants and shops.
Heuston South Quarter, Dublin 8
Twenty high-spec apartments for sale off plans beside Heuston Station
Agent: Hooke MacDonald
