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€1,500,000

Woodville, 52/54 Botanic Avenue, Drumcondra, Dublin 9

416m2

Investment Property

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Property Overview

  • Available From: Immediately

Description

  • Sale Type: For Sale by Private Treaty
  • Overall Floor Area: 416m2
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Property Highlights: - Purpose built student accommodation investment - 5 Student apartments and 2 Bedroom Townhouse - Excellent location in Drumcondra beside DCU St Patrick's College - Asset Management Opportunity - Gross Annualised Rent €120,000 Property Location: The property is located on Botanic Avenue, Drumcondra. Botanic Avenue runs parallel to Griffith Park and the River Tolka and extends from Drumcondra Road Lower to Glasnevin Hill and St Mobhi Road. Botanic Avenue is convenient to a host of local amenities including Shops, Restaurants, Primary and Secondary schools, Third Level Colleges, Griffith Park and The Botanic Gardens. Botanic Avenue and Drumcondra are well served by a regular bus service and within walking distance to Drumcondra Rail Station and convenient to the M50, M1 and Dublin Airport. The property is located c. 3km. from Dublin City Centre. It is just 5 minutes' walk from DCU's training college in Drumcondra. Description: 52/54 Botanic Avenue is purpose-built student accommodation laid out as 5 student apartments and a separate 2 Bedroom Townhouse comprising 28 bed spaces in total. 52 Botanic Avenue is arranged over two blocks around a central courtyard and comprises 4 x 2-bedroom apartments and 1 x 3-bedroom apartment (23 bed spaces). This element extends to approximately 350 Sq.m (3,767 Sq.ft.) with the benefit of 2 car parking spaces to the front. Each unit comprises an entrance hall, living room, kitchen, bathroom, 2/3 bedrooms and Ensuite bathroom. The adjoining 2-bedroom house at 54 Botanic Avenue (5 bed spaces) extends to approximately 66 Sq.m (710 Sq.ft.) The property comprises an open plan kitchen and living room with a communal bathroom/shower room on the ground floor, with two large bedrooms on the first floor. Lease Terms: The Current Gross Annualised Rent is €120,000 p.a. with the benefit of Vacant possession of 1 apartment and the house (10 bed spaces). The Estimated Rental Value is in the region of €190,000 per annum.

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BER Details

E2

BER No: 110898020

Energy Performance Indicator: 174.64 kWh/m2/yr

Statistics

14/01/2021

Entered/Renewed

2,514

Property Views

Daft ID: 53294089

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Brian Kelly, Surveyor

QRE

PSR Licence Number: 003587

01 637 5552 or 087 3374 933

QRE, QRE Real Estate Advisers, 14 Fitzwilliam Square East, Dublin 2

Brian Kelly, Surveyor's logo
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Brian Kelly, Surveyor

01 637 5552
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