149 North Circular Road, Dublin 7

***MULTI UNIT INVESTMENT OPPORTUNITY / PRIME LOCATION / PRIVATE PARKING TO THE REAR / FREEHOLD TITLE / 7.7% YIELD / REDBRICK FACADE / REAR ACCESS / SOLD WITH VACANT POSSESSION***

KELLY BRADSHAW DALTON are delighted to present this fantastic multi-unit investment property which is a period red brick property currently divided into Four Units on 149 North Circular Road, Dublin 7.

Presenting an exceptional investment opportunity on the iconic North Circular Road, this historic red brick property offers four distinct units, each brimming with character and potential. With its original features intact and convenient rear access, this property is tailor-made for savvy investors seeking to capitalise on Dublin’s thriving rental market.

This property, being sold with vacant possession, has an existing rent roll of ‘88,992 per annum generating a 7.7% YIELD. Through works and re-configuration this property could potentially generate an annual rent of ‘111,600 or even ‘121,200 which would net you a 9.7% or 10.5% return respectively.

Unit 1: Features a well laid out 1-bedroom apartment with high ceilings, bay window, fitted shaker style kitchen, double bedroom, bathroom, and storage closet.

Unit 2: Features a 2-bedroom laid out over 2 floors with a fitted shaker style kitchen, 1 double bedroom to the rear, 1 double bedroom on the 2nd floor and a family bathroom. This unit gives you the unique opportunity to reconfigure it into a 1 bedroom and a seperate studio to maximise your investment.

Unit 3: Features 2 double bedrooms, high ceilings, bay window, fitted shaker style kitchen with breakfast bar and a family bathroom.

Unit 4: Features high ceilings, bay window, 3 double bedrooms with shaker kitchen, family bathroom and shower room over 2 levels. This unit also provides an opportunity to reconfigure into a 2-bedroom unit and a seperate studio with kitchenette and shower room on its own level.

Throughout the property, original period details such as ornate ceiling cornicing, decorative arches, wrought iron railings and classic red brick facades add charm and value, setting these units apart in a competitive market.

The rear access and well sized back garden does give the astute investor potential to build a mews property to the rear of 149 SPP.

The convenience of the location of this property is second to none – nestled away on North Circular Road it benefits from easy access to the City Centre. Only a mere stroll from the new Grangegorman College Campus, The Phoenix Park, The Four Courts and King’s Inns, there is a vast selection of amenities in close proximity. Public transport links are well provided for with numerous bus routes to Dublin City Centre and surrounding areas The Smithfield & Grangegorman Luas stop is within walking distance & the M50 is also easily accessible by car.

Early Viewing comes highly recommended.

Rooms
Flat 1 –
Foyer – 1.96m x 6.01m
Hall 1 – 1.96m x 1.40m
Living Room – 4.58m x 5.71m
Eat-In Kitchen – 2.66m x 3.38m
Bedroom – 4.58m x 3.07m
Bathroom – 1.89m x 1.52m
Hall 2 – 1.83m x 1.52m

Flat 2 –
Entry – 3.57m x 1.65m
Recreation Room – 3.57m x 4.38m
Kitchen – 3.14m x 2.85m
Bathroom – 1.38m x 2.74m
Bedroom 1 – 4.62m x 4.01m
Bedroom 2 – 3.57m x 5.72m
Hall – 1.80m x 1.14m

Flat 3 –
Hall 1 – 1.95m x 5.09m
Hall 2 – 2.76m x 1.29m
Sitting Room – 3.78m x 5.85m
Kitchen – 2.40m x 2.14m
Hall 3 – 3.58m x 1.08m
Bathroom – 0.91m x 1.99m
Master Bedroom – 4.59m x 3.37m

Flat 4 –
Hall 1 – 1.95m x 5.44m
Hall 2 – 1.83m x 1.22m
Family Room – 3.79m 5.73m
Kitchen – 2.50m x 1.29m
Bedroom 1 – 2.76m x 3.43m
Hall 3 – 2.28m x 1.35m
Bathroom – 2.21m x 2.35m
Bedroom 2 – 4.59m x 3.22m
Room – 3.38m x 5.58m