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AMV: €570,000

65 St Patricks Road, Drumcondra, Dublin 9

6 Bed

6 Bath

End of Terrace


  • Sale Type: For Sale by Public Auction
  • Auction Location: online
For sale by Kelly Bradshaw Dalton via the iamsold Bidding Platform Please note this property will be offered by online auction unless sold prior. Vendors may decide to accept pre-auction bids so please register your interest with us to avoid disappointment. GREAT INVESTMENT IN PRIME LOCATION We are delighted to present to the market, this investment property including 6 self contained flats in a high demand location on St Patrick's Road, Drumcondra. This attractive mid terrace red brick property will provide an excellent investment opportunity with a strong rent roll. The subject property was a pre '63 investment that was divided into 2 units. In 1991 the property was sub divided into 6 self contained flats: 4 x Studio Flats 2 x 1 Bedroom Flats Each flat has its own meter and there is 3 phase power. There is a small yard to the rear also with access to a shared lane. To the front is a small tiled garden in keeping with the local facade of Drumcondra. The property is vacant for over 2 years and affords the opportunity for full open market rent. Estimated rent for new refurbished studios would be €1200 per month and one bedroom apartments would be €1500 per month. Therefore the total rent roll here would be €93,600 after refurbishment. With an estimated €200,000 of costs to fully refurbish the 6 units, the property would offer a 12.1% yield. Features Great Pre '63 Investment Opportunity No Rental Caps Rear Access Prime Location Separate Meters BER Details: FLAT 1: BER G / BER No. 115388464 FLAT 2: BER G / BER No. 115388829 FLAT 3: BER G / BER No. 115389272 FLAT 4: BER G / BER No. 115389322 FLAT 6: BER G / BER No. 115389652 TO VIEW OR MAKE A BID Contact Kelly Bradshaw Dalton or iamsold, Auctioneers Comments: This property is offered for sale by unconditional auction. The successful bidder is required to pay a 10% deposit and contracts are signed immediately on acceptance of a bid. Please note this property is subject to an undisclosed reserve price. Terms and conditions apply to this sale. Note: These particulars, whilst believed to be accurate, are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements or representation of fact, but must satisfy themselves by inspection, measurement or otherwise as to their accuracy. No person in this firm's employment has the authority to make or give any representation or warranty in respect of the property. Properties may be sold via online auction auction and bids made prior the auction may be accepted by the vendors. iamsold and our partner auctioneer will share relevant personal information and transactional updates with each other so that we can effectively market and sell properties including the arrangement of viewings and follow up.
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Daft ID: 113140082

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Patrick Folan

01 693 2170
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