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9

€1,000,000

20 South Lotts Road, Ringsend, Dublin 4

2379 sq. ft.

Investment Property

Property Overview

  • Available From: Immediately

Description

  • Sale Type: For Sale by Private Treaty
  • Overall Floor Area: 2379 sq. ft.
Positioned in the heart of Dublin 4, 20 South Lotts Road sits nestled between the landmark developments of The Gas Works and The Ropery, South Lotts Road runs parallel to the digital and tech hub that is now Barrow Street and sits on the periphery of the entire Grand Canal and Docklands area. The Building has benefitted from a recent planning grant (WEB1872/20) allowing for the conversion of the current use to that of 3 Full Residential Apartments consisting of a One Bed Apartment, 1 x Two Bed Apartment and 1 x Three Bed Apartment. Up until recent the building in its current guise had been producing an Annual Rent of circa €90,000 per year but under the new compliant planning permission it should produce an Annual Rent of between €72,000 - €78,000. The current planning permission uses the existing layout meaning no real heavy duty construction is involved to fulfil the conditions of the Grant which should keep any costs at a minimum. The building is currently producing a passing rent of €51,600 with 2 Vacant Units. The top floor 3 Bed Apartment has been recently refurbished and is tenanted. Viewing is by appointment only

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BER Details

SI_666

Statistics

02/12/2021

Entered/Renewed

4,457

Property Views

Daft ID: 56085613

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Derek Byrne

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