Case Study – Residential – The Ivory Building.​

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The Ivory Building is a residential development of 29 apartments located in the South Docks Area of Dublin. 15 apartments were retained by the developer and continue to generate income as a managed residential investment.

 

 

 

Rent Collection

€500,000 per annum.

Arrears as a percentage of gross income -  0%

 

Occupancy

Currently 100%

 

Lettings

2019 voids – 0.5% of gross income
Average turnaround in lettings – 4 days.

 

Fit out co-ordination

Wilson Wright project managed the fit out of 15 apartments at an average cost of €4,500 per apartment.

 

Maintenance

Wilson Wright oversees all repairs and maintenance on behalf of the owners.

 

Management Accounts and reporting

Quarterly reporting to investors and funding institution.

 

Ongoing Management

Managing tenants and property management teams in designing and implementing annual service charge budgets.