Re: Re: Alto Vetro, grand canal docks, dublin
In answer to my own question:
hot property: exclusive glass homes only available ‘to let’
IRELAND’S first block of homes made entirely from glass has just been put on the market, but not to buy.
The Alto Vetro residential tower in Grand Canal Quay was billed as “the most beautiful building in Dublin” but hopes of owning an apartment there anytime soon are futile.
The owners of the 27-metre addition to Dublin’s skyline, Treasury Holdings, will only release the 26 apartments onto the letting market.
The “sumptuous landmark tower” rises over Dublin city’s skyline and overlooks the Grand Canal Basin with panoramic views of Dublin Bay extending from Howth Head to Killiney Bay.
But while it was originally thought that the “stylish and elegant” apartments, including two penthouses would go on the market for more than €500,000 each, Treasury Holdings now say that they will only be leased.
A spokesperson confirmed to the Herald that the long-term plan is to only rent the apartments and that they will stay under the ownership of the Treasury Holdings who built them.
A reason has not been given as to why the apartment will not be put up for sale, although the plummeting market means that they would be worth a lot less than expected when building began last year.
The apartments have monthly rents of between €2,500 and €3,500, depending on the floor level. The three-level penthouse will set you back €8,000 a month.
