By: Sarah Mitchell, Hampton Rogers, Ashley Scharf, David Smith, and Megan Wood.
THE SQUARE - Amazon S3s3-eu-west-1.amazonaws.com/mediamaster-s3eu/b/0/b01ca00e... · 2017-11-21 ·...
Transcript of THE SQUARE - Amazon S3s3-eu-west-1.amazonaws.com/mediamaster-s3eu/b/0/b01ca00e... · 2017-11-21 ·...
Prime Multi-Family Investment Opportunity
FOR SALE BY PRIVATE TREATY Tenants not Affected
Hampton Wood Dublin 11THE SQUARE
BER:
“A newly developedstand-alone scheme of 128 units comprisinga mix of one andtwo bedroom apartments
Hampton Wood / Dublin 11 / 2
EXECUTIVE SUMMARY
117 basement level and 11 surface level
car spaces
Block C let in its entirety showing market rental
evidence
82 x 2 beds and 46 x 1 beds
Estimated Rental Value €2.43 million p.a.
6 separate stair cores with lift - all connected
by the basement
The heights range from 4 to 6 floors
€2.43m
THE SQUAREHampton Wood
Hampton Wood / Dublin 11 / 3
DWYER NOLAN DEVELOPMENTS LTD.DWYER NOLAN HAS AN UNRIVALLED REPUTATION FOR BUILDING SOME OF THE BEST QUALITY HOUSING DEVELOPMENTS IN DUBLIN OVER THE
LAST FOUR DECADES AND BEING ONE OF VERY FEW ‘TIER ONE’ HOUSE-BUILDERS REMAINING IN THE IRISH MARKET WITH THE ABILITY TO BUILD SCHEMES OF SIGNIFICANT SCALE FROM ITS OWN BALANCE SHEET.
The business was established by Edward O’Dwyer in 1971 with a simple philosophy of building housing developments of quality to the highest specification. This is a theme which Dwyer Nolan has consistently delivered on and the foundation for the business model which allowed them remain solvent during the financial crisis of 2008 – 2012.
The quality of Dwyer Nolan’s schemes is evident through their track record and their experienced team:-
PROFESSIONAL TEAM:
Accountants:
Engineers: Sales Agents:
Solicitors: Landscape Architect:
pogaConsulting
Architects:
Ronan MacDiarmada
THE SQUAREHampton Wood
Hampton Wood / Dublin 11 / 4
THE SQUAREHampton Wood
Prime Dublin Residential Sites:• Roebuck Castle, Clonskeagh• Westminster Park, Foxrock• The Maples, Bird Avenue• Stillorgan Park & Stillorgan Grove• Glenageary Park
TRACK RECORD
Recently Completed Projects:• Hampton Wood Finglas, Dublin 11 - Phase 1: Mix of
849 Number Apartments, Duplex and Housing Units• Dun Emer, Lusk, County Dublin - 493 housing units• Elmfield, Ballyogan Road Leopardstown, Dublin 1
- 207 apartments
Current Projects:• Hampton Wood Finglas, Dublin 11
- Phase 2: 234 units consisting of 128 apartments and 106 Houses/Duplex units.
• The Forge Lusk, County Dublin - 138 houses.
Elmfield The Forge Dun Emer
Hampton Wood - Phase 1Newtown Mount Kennedy
Hampton Wood / Dublin 11 / 5
THE SQUAREHampton WoodLOCATION OVERVIEW
THE HAMPTON WOOD ESTATE HAS BEEN DEVELOPED OVER THE LAST NUMBER OF YEARS AND COMPRISES OVER 1,000 HOMES WITH A BROAD MIX OF UNIT TYPES. THE SCHEME IS EASILY ACCESSIBLE AND IS IDEALLY LOCATED WITHIN THE M50 MOTORWAY, LOCATED BETWEEN JUNCTION 4 AND JUNCTION 5. THE SCHEME IS A SHORT DISTANCE FROM DUBLIN CITY UNIVERSITY, DUBLIN INTERNATIONAL AIRPORT, NORTHWOOD BUSINESS PARK AND DUBLIN CITY CENTRE.
with good access to the M50 it is well located“The location is ideal for the rental market with access to retail and leisure amenities such as IKEA, Charlestown Shopping Centre, Odeon Cinema, Gullivers Retail Park, Ben Dunne Gym, Santry Park & Walled Garden and Mortons Stadium.
Hampton Wood / Dublin 11 / 6
THE SQUAREHampton Wood
LOCAL EMPLOYERS
Hampton Wood / Dublin 11 / 7
IKEA
M50
Dublin Airport
Santry ParkNorthwood
Hampton Wood
N7
N3
N11
N3
N4
N2
12
2
N11
17
16
15
1413
9
7
6
5
4
2
1
2
2
3
4
3
M1
M2
M11
DUBLINAIRPORT
12
DUBLINCITY CENTRE
11
10
1
M50
N32
Santry Park
DCU
IKEA
Mortons Stadium
Botanic Gardens
Phoenix Park
Charlestown S.C.
LUAS Green Line DUBLIN BUS No. 140 DARTLUAS Cross City DUBLIN BUS No. 220
LUAS Red LineDUBLIN BUS No. 13
Port Tunnel
Hampton Wood / Dublin 11 / 8
TRAVEL TIME KM AIRPORT 10 MINS 6.1 KM
DCU (By Bus) 20 MINS 3.5 KM
CITY CENTRE (By Bus) 30 MINS 9.0 KM
THE SQUAREHampton Wood
FRONT GARDEN FRONT GARDEN FRONT GARDENFRONT GARDEN
GARDENGARDEN GARDENGARDENGARDEN GARDEN
GARDENGARDEN GARDEN GARDENGARDEN GARDEN
GARDENGARDEN GARDEN GARDENGARDEN GARDEN
PEDESTRIAN PATH
CYCLE PATH
VERGE
AA BB CC DD
EE FF
RAMP TO BASEMENT CAR PARK
ROOF TERRACEROOF TERRACEROOF TERRACEROOF TERRACE
ROOF TERRACEROOF TERRACEROOF TERRACEROOF TERRACE
ROOF TERRACEROOF TERRACE ROOF TERRACEROOF TERRACE
133 - 156133 - 156 109 - 132109 - 132 85 - 10885 - 108 65 - 8465 - 84
1 - 201 - 20 21 - 3621 - 36
SITE PLAN
Ham
pton Wood S
quare
Hampton Wood Square
Hampton Wood Square
Ham
pton
Woo
d S
quar
e
Hampton Wood / Dublin 11 / 9
THE SQUAREHampton WoodTHE ASSET
THE SQUARE AT HAMPTON WOOD IS A NEWLY DEVELOPED SCHEME OF 128 UNITS COMPRISING A MIX OF ONE AND TWO BEDROOM APARTMENTS. THERE ARE TWO BLOCKS LOCATED TO THE NORTH EAST AND SOUTH WEST OF THE SITE.THE LARGER BLOCK COMPRISES 92 UNITS WITH FOUR CORES WHILE THE SMALLER BLOCK COMPRISES 36 UNITS WITH TWO CORES.
Internally, the development has been finished to a high standard with 24 fully furnished units and the remaining complete with white good and flooring. The scheme is complete with beautifully landscaped grounds. The scheme has been developed to be energy efficient and has Building Energy Ratings ranging from A2 to A3.
There is allocated car parking space for each apartment, 117 at basement Level and 11 Surface Spaces.
1 Bed Units 2 Bed Units
Block A 12 12
Block B 12 12
Block C 12 12
Block D 10 10
Block E - 20
Block F - 16
Total 46 82
Average Size Sq M 44.8 66.7
Average Size Sq Ft 485 719
Hampton Wood / Dublin 11 / 10
THE SQUAREHampton Wood
Hampton Wood / Dublin 11 / 11
THE SQUAREHampton Wood
FLOOR PLANSSample Core
Hampton Wood / Dublin 11 / 12
HALL
SMOKESHAFT
STORE
STORE
STORE
LOBBY
LIVING/DINING
KITCHEN
BEDROOM11.5sqm
CYL
STORE2.0sqm
BEDROOM 114.1sqm
LIVING/DINING
BEDROOM 211.4sqm
STORE2sqm
1 2 3
678
4
5
123
678
4
5
STAIR B
B
MATTWELL1100X3000
LIFTSHAFT
STORE STORE2.8sqm
FR
DW
FAN
up
stairs frombasement
stairs frombasement
up
RGB 0,65,85 RGB 186,163,97
RGB 178,101,125
RGB 170,218,223
RGB 199,187,178 RGB 189,147,155RGB 142,78,111
Primary Colour Secondary Colours
Tertiary Colours
1.8m highscreen wall
Living/Dining
Living/Dining
Living/Dining
Living/Dining
Kitchen
Kitchen
Hall
HallHall
Lobby
Lobby
Hall
Store
Store
Bedroom 2
Bedroom 2 Bedroom 2
Bedroom 1
Bedroom
Bedroom 1
Bedroom 1 Bedroom 1
CYL
CYL
CYL
CYL
Store
THE SQUAREHampton WoodAPARTMENT SPECIFICATIONS
STRUCTURE • Loadbearing masonry block with pre-cast
concrete slab with concrete floor screed • Above in-situ concrete basement / podium
structure • Loadbearing masonry block party walls
WALLS • Insulated masonry cavity block construction • Inner leaf 215 masonry block • Outer leaf 100 brickwork or 100 masonry
block with self-coloured render • Sand cement plaster is used internally to
all external walls and party walls
INSULATION • Ground Floor Each apartment 90mm
Kingspan soffit board • Intermediate Floors 125mm Xtratherm full-
fill cavity insulation • Roof Insulation 120mm Kingspan / Paralon
composite bonded board• The overall block is approximately 25%
better than the minimum requirement under the current Building Regulations Part L
ROOF • Pre-cast concrete roof with screed to falls • Masonry block cavity wall parapet wall
balustrade • Warm roof system - Modified 2-layer
sheet bitumen (Paralon) • Shared private rooftop terrace areas are
fully accessible by lift
WINDOWS • Munster Joinery grey PVC double glazed
windows and doors • PassiV Future Proof uPVC / Double Glazed
with U-Value of 1.2 W/mK• Low-e soft coat glazing with warm edge
spacer bar & argon filled gas
BALCONIES • Galvanised and powder coated steel
I-beam structure independent of building structure
• Galvanised and powder coated steel frame to balustrading with toughened glass infill panels. Acid-etched translucent finish to provide privacy
• Composite timber deck flooring to balconies which is low maintenance
• Privacy screens between units with composite timber infill panel
• Balconies have generous proportions • 50% of units are dual-aspect units enjoying
two balconies per unit
GENERAL MATERIALS
a simple philosophy of building housing developments of quality to the highest specificationDWYER NOLAN
“Hampton Wood / Dublin 11 / 13
THE SQUAREHampton WoodAPARTMENT SPECIFICATIONS
LIFT ACCESS • 6 Number Lifts supplied and installed
by Ascension Lifts provide access from Basement Level to all Floors including Roof Gardens
RENEWABLE TECHNOLOGY TO COMMON AREAS • Each apartment block has the latest
technology Trina Solar Photovoltaic Panel system installed in each landlord hallway. Electric energy produced by sunlight will reduce the lighting and heating costs associated with each landlord area. These savings can be passed onto each apartment owner via reduced management fees
ACCESS CONTROL • GSM access to secure underground carpark
via electric controlled Shutter • Key pad codes access to each core
entrance • Video Intercom from living room to Main
Block Entrance Doors.
CCTV• Security Cameras located at access points,
Vehicular Entrance, Basement at Lobby Entrances and Main Hall Entrances
PARKING• Allocated car parking space for each home,
117 at basement Level and 38 Surface Spaces
BICYCLE STORAGE• Located in underground Carpark
LANDSCAPING• Hampton Wood Square is approached
through two large pillared entrances, the grounds inside have been designed by Ronan MacDiarmid and incorporate: elegant lawns, meandering pathways, extensive natural stone feature work, exterior lighting with shrub and tree planting throughout
ROOF GARDENS • Private Roof Gardens are accessed from
each Core via Lift and Stairs
BIN STORES • 2 Large Refuge Areas Located in
underground Carpark
COMMON AREAS
Core C has had a complete Furniture Package installed and is currently fully let
“
Hampton Wood / Dublin 11 / 14
THE SQUAREHampton Wood
APARTMENT SPECIFICATIONS
FINISHES• Walls & ceilings painted throughout,
as per Show Units
• Tiling to bathroom wall areas and floors
• Timber Flooring throughout
• Appliance Package Standard
DOORS• Hardwood entrance door
• Painted internal doors with brushed metal handles
KITCHENS• Luxurious custom designed fitted
kitchens
• Modern contemporary style fitted units with stainless steel handles
• Composite stone kitchen counters and splashback
• Soft closing mechanisms
• Maximised storage with extensive wall units throughout
WINDOWS• Cool Grey maintenance free uPVC
windows
• Munster Joinery Future Proof Triple glazed window which achieves approximately 50% less heat loss than required under the current Building Regulations
WARDROBES• Contemporary luxury fitted
wardrobes to all bedrooms, Ivory Wide Rail doors with Oak Carcase and Satin Nickol Handles
ELECTRICAL• T.V. points to living areas and master
bedrooms
• Telephone/broadband points to master bedroom and living rooms
• Wired for alarm
• Ample sockets throughout
• Recessed lighting to sitting room and kitchen
• Smoke / heat detectors to hallway, kitchen and landing
PLUMBING• Pumped water to showers
• Thermostatically controlled showers in bathrooms & en-suites
HEATING SYSTEM• Space and Water Heating &
Renewable Technology
• Each dwelling has the latest energy efficient air-water heat pump with independent time and zone control of the heating and hot water. The system is manufactured by Daikin Monobloc, a recognised premium brand in the renewable energy sector
• The system comprises an outdoor Monobloc unit with domestic hot water storage tank and radiators
BATHROOMS & EN-SUITES• Contemporary white sanitary ware,
ceramic basin with lever pillar tap
• Contemporary WC & chrome dual flush
• Contemporary tiling to walls
• Shaving socket, shaving light to ensuite
• Extractor fan
VENTILATION
• Each dwelling has the latest energy efficient Polypipe Silavent whole dwelling mechanical extract ventilation ensuring a continuous flow of fresh air throughout the apartment and minimising the risk of the occurrence of condensation
A HIGHER STANDARD OF ENERGY EFFICIENCY• Dwyer Nolan’s higher standards of
sustainable development ensure the long term added value of a home at Hampton Wood Square. Insulation levels that exceed building regulations, the specification of high performance products and the employment of superior construction techniques all combine to provide an exceptional and energy efficient
home
AIR-TIGHTNESS• Units are detailed to achieve an air
tightness result that is approximately 50% better than the requirement under the current Building Regulations. This in turn will give the household the ability to better control the ventilation within the dwelling, resulting in reduced heating costs for the household
BALCONIES • Composite timber deck flooring to
balconies which is low maintenance
• Privacy screens between units with composite timber infill panel
• Balconies have very generous proportions
PRIVATE GARDENS TO APARTMENTS AT GARDEN LEVEL• Cobble patio to rear
• Rear gardens levelled and seeded
Hampton Wood / Dublin 11 / 15
THE SQUAREHampton WoodMARKET OVERVIEW
THE IRISH ECONOMY REMAINS BUOYANT WITH GDP GROWTH OF 5.2% ACHIEVED IN 2016 AND GNP GREW BY 9% IN THE LAST 12 MONTH PERIOD. DOMESTIC DEMAND IS NOW THE MAIN DRIVER OF GROWTH WITH PRIVATE CONSUMPTION UP 2.2% IN 2016 SUPPORTED BY FAVOURABLE LABOUR MARKET DYNAMICS, CONTINUED INCREASES IN DISPOSABLE INCOME AND SOLID CONSUMER CONFIDENCE. EMPLOYMENT IN THE IRISH ECONOMY HAS STRENGTHENED WITH THE UNEMPLOYMENT RATE FALLING TO 6.1% IN SEPTEMBER 2017, DOWN FROM 7.5% IN A 12 MONTH PERIOD.
Ireland’s population is currently 4.76 million people (census 2016), up 0.7% from the last census. Ireland also has a young population compared to Europe with approximately 24.4% of the population between the age of 25 and 39.
Housing completions in Ireland declined significantly since 2008 with only 14,932 housing completions in the State during 2016 of which 4,234 were in Dublin. Current demand in Dublin is estimated at 20,000 units per year for the next number of years however current supply falls significantly short of this figure.
MEASURES OF ECONOMIC GROWTH Seasonally Adjusted Quarterly Index
70 80 90
100 110 120 130 140 150 160 170 180 190 200 210 220 230
20
08
Q1
20
08
Q2
2
00
8Q
3
20
08
Q4
2
00
9Q
1 2
00
9Q
2
20
09
Q3
2
00
9Q
4
20
10Q
1 2
010
Q2
2
010
Q3
2
010
Q4
2
011
Q1
20
11Q
2
20
11Q
3
20
11Q
4
20
12Q
1 2
012
Q2
2
012
Q3
2
012
Q4
2
013
Q1
20
13Q
2
20
13Q
3
20
13Q
4
20
14Q
1 2
014
Q2
2
014
Q3
2
014
Q4
2
015
Q1
20
15Q
2
20
15Q
3
20
15Q
4
20
16Q
1 2
016
Q2
2
016
Q3
2
016
Q4
2
017
Q1
20
17Q
2
Ind
ex
ba
se =
Q1
20
08
Exports of Goods and Services Domestic Demand GDP GNP
3.4% 6.2% Major Growth in Population in 5 years
Unemployment 16% to 6.2% in 5 years
“ Ireland is the fastest growing economy in the OECD
Hampton Wood / Dublin 11 / 16
Sentiment Swing from Buyer Market to Rental Market - 80:20 in 2006 to 70:30 in 2016
Rental growth has been significant over the last five years with rents in Dublin increasing by 13.5% during 2016
THE SQUAREHampton WoodMARKET OVERVIEW
RENTAL GROWTH HAS BEEN SIGNIFICANT OVER THE LAST FIVE YEARS WITH RENTS IN DUBLIN INCREASING BY 15.7% YEAR-ON-YEAR IN Q2 2017. DEMAND FOR ACCOMMODATION HAS ALSO SOARED WITH SOME OF THE LOWEST LEVELS OF AVAILABILITY BEING EXPERIENCED SINCE PRE 2006.
According to the most recent Census of Population 2016, 29% of Ireland’s population are now renting their accommodation, with this percentage increasing to 36% in Dublin. The proportion of households who are owner-occupied vs. renting is split 70:30, which 10 years ago would have been almost an 80:20 split.
In addition, there has been an increase in the population in the most recent intercensal period from 4.588 million nationally in 2011 to 4.762 million in 2016 (+3.4%). Dublin’s own population has increased by 5.8% alone, from 1.273 million to 1.347 million in 2016.
According to the Central Statistics Office, planning permission for 6,835 new homes was granted in Dublin during 2016. 49% of these homes are for multi-development schemes (3,357), 5% are one off houses (337) and 46% are private flats/apartments (3,141).
NATURE OF OCCUPANCY AGES 25-39
Rented from Private Landlords Rented from Local Authority Rented from Owner Occupier“ total renters in Ireland is up
50% in 10 years - 20% - 30% between 2006 and 2016
65%
26%
9%
DUBLIN RENTAL STOCK & AVERAGE RENTS Q4 2016
2007 Q3
2007 Q3
2008 Q1
2008 Q1
2008 Q3
2008 Q3
2009 Q1
2009 Q1
2009 Q3
2009 Q3
2010 Q
1
2010 Q
1
2010 Q
3
2010 Q
3
2011 Q
1
2011 Q
1
2011 Q
3
2011 Q
3
2012 Q
1
2012 Q
1
2012 Q
3
2012 Q
3
2013 Q
1
2013 Q
1
2013 Q
3
2013 Q
3
2014 Q
1
2014 Q
1
2014 Q
3
2014 Q
3
2015 Q
1
2015 Q
1
2015 Q
3
2015 Q
3
2016 Q
3
2016 Q
3
2016 Q
1
2016 Q
1
2017 Q
1
2017 Q
1
2017 Q
3
2017 Q
3
# #
Rental Stock Average Rent1,800
1,600
1,400
1,200
1,000
800
600
400
200
0
8,000
7,000
6,000
5,000
4,000
3,000
2,000
1,000
0
Stoc
k
Ave
rage
Ren
t
13.5%70:30
Hampton Wood / Dublin 11 / 17
HOMEBOND GUARANTEEHampton Wood Square is covered by Homebond Structural Guarantee Scheme.
MANAGEMENT COMPANY
CONTACTDEVELOPER:
Dwyer Nolan Developments Ltd. Stonebridge HouseStonebridge CloseShankill, Co WicklowT: 01 2827200 E: [email protected]
BER
BER No: 110050325 - 110049640
Energy Rating Performance: 49.73 kWh/m²/yr - 74.98 kWh/m²/yr
EMMA COURTNEYAssociate Director | Capital MarketsT: +353 1 618 5760E: [email protected]
TIM MACMAHONDirector | Development & Residential Capital MarketsT: +353 1 618 5782E: [email protected]
DAMIEN DILLONT: +353 1 496 7574E: [email protected]
HAMPTON WOOD SQUARE NO.1 MANAGEMENT COMPANY IS A STAND-ALONE MANAGEMENT COMPANY FOR HAMPTON WOOD SQUARE APARTMENTS COVERING UNITS 65-156 HAMPTON WOOD DRIVE BLOCKS A, B, C, D AND 1-36 HAMPTON WOOD SQUARE BLOCKS E, F
Hampton Wood Square No.1 Management Company ensures full control of the blocks and that the high standard of finish at The Square Hampton Wood is maintained into the future. It is envisaged that a Managing Agent would be appointed by the Purchaser.
SALES AGENTS;
DISCLAIMER:These particulars are issued by CBRE U.C., registered in Ireland, no. 316570. PSRA Licence No. 001528 and DMPC Ltd. T/a Dillon Marshall Property Consultants, registered in Ireland, no. 512601. PSRA Licence No. 001314, on the understanding that any negotiations relating to the property are conducted through them. While every care has been taken in preparing them, CBRE U.C. and DMPC Ltd. for themselves and for the vendor/lessor whose agents they are, give notice that: (i) The particulars are set out as a general outline for guiding potential purchasers/tenants and do not constitute any part of an offer or contract. (ii) Any representation including descriptions, dimensions, references to condition, permissions or licenses for uses or occupation, access and any other details are given in good faith and are believed to be correct, but any intending purchaser or tenant should not rely on them as statements or representations of fact but must satisfy themselves (at their own expense) as to their correctness. (iii) Neither CBRE U.C./ DMPC Ltd., nor any of their employees have any authority to make any or give any representation or warranty in relation to the property. Brochure prepared November 2017.
www.thesquarehamptonwood.com