This spacious penthouse is part of a development of 124 apartments located in the über-trendy Grand Canal district of Dublin 2. Designed and completed by KMD architects in 2006, many of these apartments were sold off the plans in 2005, and in their heyday the penthouses would have commanded somewhere in the €700,000 price bracket.
The apartments in the Grand Canal basin have a certain cache with young single professionals, who find the location mimics the buzz of the city centre, having good public spaces with lots of movement and a plethora of trendy eateries.
The penthouse is on the 7th floor, with commanding views, and benefits from dual south and west aspect balconies. Originally, the plans for no 124 allowed for three bedrooms, but the buyers decided to alter the plans at design stage and the penthouse now has only two bedrooms, which means it has a much larger living space than its peers.
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Wrap-around balcony
The apartment is large by Dublin standards, at 92sq m (990sq ft), and benefits from high quality mechanical and electrical services, such as the centralised water supply and heating system, which apparently mean lower energy bills with a meter bill bi-monthly.
The apartment is swish, with solid walnut flooring throughout and an open-plan kitchen-living-dining area. The streamlined kitchen has high-gloss units with marble worktops and stainless steel integrated appliances, including a Neff coffee maker.
Off the kitchen is a south-facing, wrap-around balcony with generous space for entertaining on balmy evenings.
The apartment has two generous-sized bedrooms with the master en suite, and another contemporary bathroom. There is a small storage room which is plumbed for use as a utility room.
Service charges for the penthouse are €2,100 per annum, which covers lift and grounds maintenance. Rental income of similar apartments is anywhere from €1,700 and €2,100 per calendar month.
No 124 is sure to attract some attention from young professionals but also from those who are looking to downsize and are weary of the suburbs.
It might also attract those who feel there’s value at €450,000, through estate agent Owen Reilly, compared to the prices paid in 2006.
