PSRA Licence No: 001411
165 Drumcondra Road Lower, Drumcondra, Dublin 9
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63 Old Cabra Road, North Circular Road, Dublin 7

€1,350,000

Residential Investment Property 365.25 m² / 3932 ft² For Sale EXEMPT


Description

***INVESTMENT OPPORTUNITY / SUPERB LOCATION / 12 APARTMENTS***

KELLY BRADSHAW DALTON in conjunction with LEINSTER PROPERTY AUCTIONS are delighted to introduce 63 Old Cabra Road, North Circular Road, Dublin 7 to the market.

This is a fantastic Investment Property offers a strong yield of c. 9% (Current rent is €107, 457.48 and increase is due bringing the rent to €121.895.05). This offers a yield of c.9% on a starting bid of €1.35m which is very strong. The rents are much lower than market rent so there is potential for uplift here also once rent control regulation can be adhered to. There is also further development potential on this large site o c.0.25 acres subject to the necessary planning permissions.

Laid out with 12 self-contained residential units this property is situated in a convenient and mature location close to the City Centre, Stoneybatter, Phibsboro and the Phoenix Park.

In addition there is also development potential subject to planning permission. The grounds measures c.0.25 Acres.

Another strong location feature is the proximity to The Grange Gorman Campus. Ideal for Student Accomodation.

This fine red brick investment property/development site is within walking distance of Phibsboro Village and comes to the market having been well maintained throughout the years by the current owners. Dublin City Centre is also within easy access as is the M50, M1 and Dublin Airport.

Features

Quarter of an acre site
Investment Property divided into 12 Self Contained Units.
Superb investment opportunity
Parking both front and rear for c.12 cars

BER Details

BER: Exempt

Accommodation

Flat 1 -
A Studio Flat

Flat 2 -
A 1 Bedroom Flat

Flat 3 -
A Studio Flat

Flat 4 -
A Studio Flat

Flat 5 -
A 1 Bedroom Flat

Flat 6 -
A Studio Flat

Flat 7 -
A Studio Flat

Flat 8 (1A) -
A Studio Flat

Flat 9 -
A 1 Bedroom Flat

Flat 10(63A) -
A 1 Bedroom Flat

Flat 11 -
A 1 Bedroom Flat

Flat 12 -
A 1 Bedroom Flat

Directions

Driving towards The Phoenix Park on the North Circular Road, take a right turn at Hanlon's Corner on to Old Cabra Road. No 63 Old Cabra Road will be located on the left hand side marked clearly with a For Auction Sign.

Viewing Details

As this is an occupied property viewings will be by appointment.