- Sale Type: For Sale by Public Auction
- Overall Floor Area: 171 m²
- Auction Location: Online
For Sale by Quantum Property via the iamsold Bidding Platform. www.iamsold.ie
Offered at bids over €475,000
28 Crumlin Road, Crumlin, Dublin 12.
Residential / Mixed Use Investment Property For Sale
Quantum Property in association with the iamsold bidding platform bring to the market this recently redeveloped three -bedroom house with ancillary retail space and large workshop / lock up unit to the rear. This property can be either a fantastic home with the benefit of two income producing units once let or indeed an excellent investment opportunity if the discerning buyer were to let out the three-bedroom house, main street retail unit and rear lock up unit. In our opinion the Estimated Rental Value is circa €51,000 per annum for the entire which gives a yield more than 10% to the eventual buyer. The property is available with full vacant possession.
The three-bedroom house circa 85 Sq. Mtr. or 915 Sq. Mtr. was extended and renovated in 2019 to a very high standard. It has new windows throughout and has been built to A-Rated standards. It is fully insulated above, below and on the internal walls. The BER is C3.
The apartment consists of an entrance hallway with solid wooden laminate flooring; a small utility with a new modern washer/dryer, a storage area/cloakroom, a downstairs bathroom with an electric shower, a large light-filled open-plan kitchen (with all mod cons)/dining/living room with large double- glazed windows and sky lights that provide great light for this large living area. The living room opens out onto the paved courtyard with outdoor space ideal for BBQ€TM & morning coffees.
Upstairs there is two large double bedrooms, a standard double sized bedroom, and a bathroom with a shower, WCH and WC.
The property has a new high-efficiency combi-gas boiler, so constant hot water, and a pump giving strong water pressure. The house is also fully alarmed with a new wireless alarm system.
Following a successful planning application, the property was extended and fully redeveloped in 2019 and has all the necessary certifications etc. The works included insulation, rewiring, new plumbing, fire and sound proofing and all combined have brought the building in line with modern building standards. This recent redevelopment means that the property is ideally suited to an investor looking for a hassle free, high yielding property located close to the city centre.
There is also an opportunity to further develop the Industrial Unit (Subject to PP).
Located on the busy Crumlin Road, close to the Dolphin Road junction, the property is only 3KM to Christchurch and Dublin€TM main historic and cultural area of Dublin 8 including Thomas Street, Francis Street where the area is a hub of activity with a wide range of amenities including bars, restaurants and cafes together with Vicar Street (concert venue), The National College of Art & Design (NCAD) and both the Guinness Storehouse and Christ Church - two of Dublin's most famous tourist attractions. There are numerous hotels and student accommodation centres and distilleries, adding to the eclectic atmosphere oozing from the area.
The property enjoys excellent transport links with numerous bus routes serving the area, providing connectivity to the city centre and suburban locations. The Red LUAS line is accessible at Suir Road only a 4-minute walk away.
This property is offered for sale by unconditional auction in partnership with iamsold. 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.
€¢ Residential / Retail & Lock Up Unit.
€¢ 171 Sq. Mtr. / 1840 Sq. Ft.
€¢ Walk-in condition
€¢ ERV €51,000 per annum
€¢ Yield of more than 10% when fully let.
€¢ Scope for further development, subject to the relevant planning permission.
Accommodation (approximate measurements)
Three Bedroom House - 85 Sq. Mtr.
€¢ Living room/Kitchen. 3.6m x 6.2m. Wooden laminate flooring, modern kitchen with all mod-cons
and integrated units. Sliding door to patio, Velux windows, wired for Virgin media.
€¢ Bathroom room. 1.38 x 2.3m. Floor to ceiling tiles, toilet, WHB with storage shower unit.
€¢ Hallway. 1.9m x 9.0m. Wooden laminate flooring, floor to ceiling cupboard storage. Utility space
for washer & dryer. Alarm & fire protection system.
€¢ Landing. 1.9m x 2.6m. Carpets.
€¢ Bathroom. 1.8m x 1.8m. Toilet, WHB with storage and shower unit.
€¢ Bedroom 1. 3.9m x 3.1m. Carpets, curtains, space for desk & extra storage and access to attic.
€¢ Bedroom 2. 2.9m x 3.9m. Carpets, venetian blinds, curtains, space for desk & extra storage.
€¢ Bedroom 3. 2.9m x 2.6m. Carpets, venetian blinds, and curtains.
Retail Unit - 35 Sq. Mtr.
€¢ 3.7m x 8.1m. Wooden laminate flooring, alarm & fire protection system. Motorised roller shutters.
€¢ WC. 1.3m x 1.6m. Toilet, WHB and water heater.
The retail unit was recently rented to a beauty salon with a monthly rent of €1,250. It has been freshly painted, has wooden laminate flooring, is plumbed for a sink, and comes with a rear bathroom with a toilet and a WHB. There is a monitored fire-protection system, a mechanical roller shutter and is alarmed.
Rear Lock Up - 51 Sq. Mtr.
€¢ 5.8m x 8.9m. 4m in height. The large workshop at the rear has a high galvanized roof, electricity, running water and a bathroom. It is accessed via the laneway adjacent to Crumlin Road and is wide enough to facilitate a large van. It would be ideal for usage use as a storage facility, a workshop or garage. There is also the option to convert this large space into an office / studio or integrate it into the residential unit (Subject to PP)
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