45 Phibsborough Road, Phibsborough, Dublin 7

***Pre ’63 Investment Property in 6 Units***

KELLY BRADSHAW DALTON are delighted to present to the open market, 45 Phibsborough Road, Dublin 7. This is a 6 unit investment consisting 5 x Bed Sitters and 1 x 1bedroom Flat. This Pre ’63 property has a specific declaration for 6 Flats .

The property is currently laid out as follows:

At the entrance level there are 2 x large Bed sitters and smaller Bed Sitter on the ground floor return. On the first floor return there is one smaller type Bed Sitter. To the front first floor level there is 1 x Bed Sitters and a 1 Bedroom Flat.

The property has the benefit of 3 phase electricity.

There is a small communal garden to the rear, ideal for the storage of bins and bicycles etc.

PRE ’63 STATUS
The property has a pre ’63 declaration for 6 flats.

AS AN INVESTMENT
We have calculated that the open market rental value of the refurbished property could be c.87,000 PA – 1,215 for each larger Bed Sitter Flat (3 Larger Bed Sitter Flats) as per HAP allowance plus 1,000 for each of the 2 smaller Bed Sitters and 1600 for the 1 Bedroom Flat. It is the professional opinion of the selling agent that the quality of the location of this property justifies a yield of 10% as a finished product. At that yield, the refurbished property could be valued at 875,000. Therefore our Guide Price of 550,000 allows considerable room for refurbishment.

ONLINE BIDDING
Register for online bidding here:
https://www.kbd.ie/property/45-phibsborough-road-phibsborough-dublin-7-2/

THE AREA
Phibsborough needs little introduction as an ideal place to live in Dublin, so close to the City Centre and a short walking distance to the Luas Stop in Broadstone-DIT.

ACCOMMODATION
No.45 is a former red brick, currently plaster/render over, 2 storey property (Pre ’63) built in 1864. The property is currently divided into 6 Units which are currently not self contained and comprises of c.252 sqm of accommodation.

Rooms:

Flat 1 – 4.31m x 3.74m
Double Bed Sitter

Flat 2 – 4.16m x 3.6m
Double Bed Sitter

Flat 3 – 3.02m x 3.46m
Single Bed Sitter

Flat 4 – 2.72m x 3.69m
Single Bed Sitter

Flat 5 – 4.31m x 3.57m
Double Bed Sitter

Flat 6 – 3.18m x 7.84m
1 Bedroom Flat

Features:
Pre ’63 declaration for 6 Flats.
Great Investment Opportunity
Prime Location
6 Separate ESB Meters plus a Landlord Supply
3 Phase Supply

BER Details
BER: G

Directions:
The subject property is located on Phibsborough Road at the higher end of Constitutional Hill as one approaches Phibsborough Village from the City.

Viewing Details:
Viewings will be both by Appointment and Open Viewing as advertised on Myhome.ie and Daft.ie.