sorry i never read the ad lol i emailed Galvin’s last week they have a 2 bed penthouse for sale in the same building and they quoted 18k service charge utterly ridiculous
€250,000 over 10 years in service charges. On a purchase price likely c. €900,000. I think that is pretty strange to be honest. 28% of the purchase price. By contrast on a, say, €300,000 apartment you might expect to pay maybe €15,000 over 10 years. That’s 5%.
Apples and oranges to an extent maybe, but still somewhat odd I would say.
Apples and oranges to a huge extent I would have thought. I know an Irish guy living in Switzerland who has made all his squillions abroad. He still visits Dublin at least 30 times a year and stays in the Four Seasons every time. I would have thought his annual hotel bill there would be close to 50k.
In that light this could be quite an attractive property for him, and I guess whoever bought it is a similiar type.