26
9 Drumcondra Road Lower ***Pre '63 Investment Opportunity***, Drumcondra, Dublin 9, D09YD74
€850,000
178 m²
Investment Property
Open Viewings
Mon, 29/04
12:00 - 12:00
Property Overview
- Available From: Immediately
Description
- Sale Type: For Sale by Private Treaty
- Overall Floor Area: 178 m²
***PRE '63 INVESTMENT OPPORTUNITY / PRIME LOCATION / 8.75% YIELD / SOLD WITH VACANT POSSESSION***
KELLY BRADSHAW DALTON are delighted to present to the open market, 9 Drumcondra Road Lower, Dublin 9. This is an exceptional Pre '63 investment property.
This substantial two storey over garden level property with an impressive rear garden offers great potential to the astute investor. No.9 provides investors an opportunity to acquire 4 units (4 x 2 bedroom units) in a significant building in a prime central location, with parking available for 2 cars. This property is being sold with vacant possession.
The property is currently rented out for '¬1,550 per unit generating an annual rent of '¬74,400 p.a. At the guide price this would give you a yield of 8.75%.
The property could benefit from more robust refurbishment and reconfiguration in order to bring these 4 units to market standards. We have calculated that the open market rental value of the refurbished property could be '¬105,600 ('¬2,200 per 2 bedroom). Therefore, our AMV of '¬850,000 allows considerable room for refurbishment.
The BER for each apartment is coming in at an F or a G so cleverly thought out energy efficient upgrades could garner a B rating thereby qualifying for substantial changes to the property.
Drumcondra Road Lower is excellently located, with a wealth of amenities of Drumcondra Village on its doorstep and within walking distance of the City Centre. The convenience of the location of this property cannot be overstated. Some of Dublin's most prestigious educational institutions are within walking distance, including St Patricks College of Education, Mater Dei Institute of Education and All Hallows College. Also, only a short distance away are the IFSC and East Point Business Park.
Drumcondra Train Station is only two minutes away and there are numerous bus routes serving the area. Also within close proximity are shops, cafes, restaurants, churches, a host of sporting & recreational facilities, the M1 & M50 Motorways and Dublin Airport. This is a fantastic opportunity for any purchaser to acquire an eight bedroom residence in a superbly located and convenient location.
Features
Pre '63 INVESTMENT PROPERTY
SUPERB, PROMINENT AND PRIME LOCATION
8.75% YIELD
VACANT POSSESSION
FIRE SYSTEM IN PLACE
2 PARKING SPACES
Accommodation
Rooms
Garden Level - 45.0sq m
2 Double Bedrooms, Storage Room, Living/Kitchen, Bathroom
Ground Floor - 51.0sq m
2 Double Bedrooms, Storage Room, Living/Kitchen, Bathroom
Second Floor - 42.0sq m
2 Double Bedrooms, Living/Kitchen, Bathroom
Third Floor -
2 Double Bedrooms, Living/Kitchen, Bathroom
Map
Map
Local AreaNEW
Learn more about what this area has to offer.
School Name | Distance | Pupils | |||
---|---|---|---|---|---|
School Name | Gardiner Street Primary School | Distance | 440m | Pupils | 418 |
School Name | Lindsay Glasnevin | Distance | 510m | Pupils | 90 |
School Name | Temple Street Hospital School | Distance | 570m | Pupils | 75 |
School Name | Distance | Pupils | |||
---|---|---|---|---|---|
School Name | St Columba's Iona Road | Distance | 610m | Pupils | 370 |
School Name | O'Connell Primary School | Distance | 650m | Pupils | 173 |
School Name | An Taonad Reamhscoil | Distance | 910m | Pupils | 97 |
School Name | St Patricks N School | Distance | 910m | Pupils | 460 |
School Name | Rutland National School | Distance | 950m | Pupils | 163 |
School Name | North William St Girls | Distance | 960m | Pupils | 220 |
School Name | Gaelscoil Cholásite Mhuire | Distance | 960m | Pupils | 170 |
School Name | Distance | Pupils | |||
---|---|---|---|---|---|
School Name | O'Connell School | Distance | 680m | Pupils | 213 |
School Name | Belvedere College S.j | Distance | 750m | Pupils | 1003 |
School Name | Larkin Community College | Distance | 1.1km | Pupils | 407 |
School Name | Distance | Pupils | |||
---|---|---|---|---|---|
School Name | St Vincents Secondary School | Distance | 1.3km | Pupils | 399 |
School Name | Mount Carmel Secondary School | Distance | 1.3km | Pupils | 399 |
School Name | Rosmini Community School | Distance | 1.4km | Pupils | 75 |
School Name | Scoil Chaitríona | Distance | 1.4km | Pupils | 508 |
School Name | Dominican College Griffith Avenue. | Distance | 1.5km | Pupils | 786 |
School Name | The Brunner | Distance | 1.7km | Pupils | 219 |
School Name | St. Joseph's C.b.s. | Distance | 1.7km | Pupils | 254 |
Type | Distance | Stop | Route | Destination | Provider | ||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Type | Bus | Distance | 30m | Stop | Fitzroy Avenue | Route | 1 | Destination | Shaw Street | Provider | Dublin Bus |
Type | Bus | Distance | 30m | Stop | Fitzroy Avenue | Route | 33 | Destination | Abbey St | Provider | Dublin Bus |
Type | Bus | Distance | 30m | Stop | Fitzroy Avenue | Route | 901 | Destination | Cathal Brugha Street | Provider | Matthews Coach Hire |
Type | Distance | Stop | Route | Destination | Provider | ||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Type | Bus | Distance | 30m | Stop | Fitzroy Avenue | Route | 16d | Destination | Ballinteer | Provider | Dublin Bus |
Type | Bus | Distance | 30m | Stop | Fitzroy Avenue | Route | 13 | Destination | Grange Castle | Provider | Dublin Bus |
Type | Bus | Distance | 30m | Stop | Fitzroy Avenue | Route | 41d | Destination | Abbey St | Provider | Dublin Bus |
Type | Bus | Distance | 30m | Stop | Fitzroy Avenue | Route | 44 | Destination | Enniskerry | Provider | Dublin Bus |
Type | Bus | Distance | 30m | Stop | Fitzroy Avenue | Route | 900 | Destination | Cathal Brugha Street, Stop 4508 | Provider | Matthews Coach Hire |
Type | Bus | Distance | 30m | Stop | Fitzroy Avenue | Route | 11 | Destination | Sandyford B.d. | Provider | Dublin Bus |
Type | Bus | Distance | 30m | Stop | Fitzroy Avenue | Route | 11 | Destination | O'Connell Street | Provider | Dublin Bus |
BER Details
Statistics
26/04/2024
Entered/Renewed
1,453
Property Views
Daft ID: 519141149
Emma O'Callaghan
018040500