133 Drumcondra Road Lower (Pre '63 Investment), Drumcondra, Dublin 9
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133 Drumcondra Road Lower (Pre '63 Investment), Drumcondra, Dublin 9



6 Bed

6 Bath

192 m²

End of Terrace


  • Sale Type: For Sale by Private Treaty
  • Overall Floor Area: 192 m²
***Pre '63 Investment Opportunity in Prime Location*** Kelly Bradshaw Dalton are delighted to present to the open market, 133 Lower Drumcondra Road, Dublin 9. This is an exceptional Pre '63 investment property. This substantial two storey over garden level property with an impressive rear garden offers the potential to build or extend (S.P.P.) No.133 provides investors an opportunity to acquire 6 units (5 one bedroom and 1 Studio) in a significant building in a prime central location, with parking available for a configuration of up to c.4 cars. The property requires considerable refurbishment. We have calculated that the open market rental value of the refurbished property could be €122,400 (€1,200 for a studio and €1,800 for a 1 bed) and with an 8% yield, the refurbished property could be valued at €1,530,000. It is the professional opinion of the selling agent that the quality of the location of this property justifies a yield of 8% as a finished product. Therefore our AMV of €750,000 allows considerable room for refurbishment. The location of this property cannot be overstated; This address is one of the most sought after in Dublin and is located on the primary bus route to Dublin Airport and just 2km to the city. Due to the superb location, this property provides investors a rare opportunity to secure a significant building in a prime central location, well-positioned to attract high-quality tenants. Don't miss out on this opportunity to invest in a prime property in one of Dublin's most desirable locations. For further information, please contact us today. Features 1)Pre '63 INVESTMENT PROPERTY 2)SUPERB, PROMINENT AND PRIME LOCATION 3) FIRE SYSTEM IN PLACE 4)SECURE PARKING FOR CONFIGURATION OF UP TO C. 4 CARS 5)FURTHER DEVELOPMENT OPPORTUNITY (SUBJECT TO PLANNING PERMISSION) 6) SIDE ACCESS
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Daft Mortgages

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Daft ID: 115684296

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