DRUMCONDRA €175,000 - €300,000:ALMOST TWO years ago, receiver Grant Thornton launched the remaining 13 apartments in the Waterfront in Drumcondra, Dublin 3, and managed to sell a few of them. Now there are eight apartments and one townhouse remaining.
Last time around it was trumpeted that some of the units were 55 per cent below the original asking price, but this time around that figure is closer to 61 per cent for some of the units.
Designed for the boom with a lavish spec, the luxury apartments by the Tolka river were completed in 2008 by Walsh Maguire as the market began to fall. Six of the 19 apartments were sold in 2008 when the development was launched. At the time prices started at €460,000 for one-beds and €535,000 for two-beds.
The location is good at Drumcondra Bridge on Lower Drumcondra Road, overlooking the Tolka (the Waterfront has its own boardwalk) and across the road from Fagan’s pub, made famous by former taoiseach Bertie Ahern.
The development is made up of two adjoining apartment buildings, one of which has only five apartments. The lobbies are plush with marbling around the lifts and quality wool carpets.
Inside the apartments, the cream-tiled bathrooms have jacuzzi baths and power showers.
All have balconies and a few of the units have extra terrace and balcony space. Cream, high-gloss kitchens with quartz countertops are standard, and they include all appliances and integrated wine storage. There is gas central heating with zoned thermostatic controls. All the main bedrooms have a shower en suite.
There is a large communal roof garden, with smaller ones on top of each building. The apartments on the top floor have extra roof height and skylights.
The three-bed townhouse, which has an asking price of €300,000, is spacious with great ceiling heights, a good-sized terrace and a second smaller terrace.
The two-bed penthouse, with an asking price of €285,000, is decorated like a mini country mansion. Originally intended for one of the directors of the development company, it has damask wallpaper and a duck-egg blue country-style kitchen with a Rangemaster cooker.
Each apartment comes with one underground parking space.
There is a commercial unit at ground-floor level. Expressions of interest are being sought for the purchase of this space, with an asking price in place of €500,000.
The show apartment is on view today and tomorrow from 4pm to 6pm, and on Saturday from 2pm to 4pm.
The Waterfront, Drumcondra, Dublin 3
Description: one- to three-bedroom apartments and one three-bedroom townhouse in recent development
Agent: The Lansdowne Partnership
