herald

Saturday 7 December 2019

Available to rent for €15k-a-month - is this the city's most expensive pad?

The roof terrace has views over Dublin Bay
The roof terrace has views over Dublin Bay

A four-bedroom apartment in Dublin 4 which is up for rent for €15,000-a-month has so far struggled to receive any interest from prospective tenants.

As the Government denied an assertion by the United Nations that housing in Ireland was "unaffordable", the Herald viewed one of the most expensive properties currently advertised on the rental market.

Record

The Galileo Penthouse, in The Residences on the Shelbourne Road, Ballsbridge, occupies the entire ninth floor, with a private lift and 2,400 sq ft of living space.

It was previously available for €19,000 a month, but the rent was recently lowered due to a lack of interest.

Built by the Comer Group, the Number One Ballsbridge development consists of 88 high-end apartments, which have set a new record for the highest rents in Dublin.

The Galileo is the largest apartment in the complex, while rent for the smaller three-bed apartments costs €5,500-a-month.

It is marketed as "by far the most prestigious and best rental accommodation ever offered to the Dublin market".

However, the estate agent said there were currently no offers for the property, which has been advertised for a number of months.

When asked about the decision to cut the rent, he said the apartment was not worth €20,000 a month.

"The best thing about the property is definitely the private roof terrace," he added.

One of the four bedrooms
One of the four bedrooms

The property has undergone two redesigns and the estate agent said it was now considering increasing the living space and removing one of the bedrooms.

He said the apartment had previously received inquiries from people working at corporate companies, such as Coca-Cola, but nobody had yet committed to the one-year lease.

The Number One Ballsbridge complex is soon to include a destination spa and health club, with an infinity pool and thermal pool.

Each apartment will include one gym membership only, with the other tenants having to pay up to €300 a month to join.

Galileo Penthouse living room
Galileo Penthouse living room

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