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€550,000 SALE AGREED

53 Cabra Park, Phibsborough, Dublin 7

5 Bed

4 Bath

Terrace

Description

  • Sale Type: For Sale by Private Treaty
**********OFFER ACCEPTED********** **********BUILDER'S PROJECT*********** RELIANCE PROPERTY CONSULTANTS are pleased to present this excellent investment opportunity for sale to the open market. No. 53 Cabra Park is a pre '63 titled three-storey mid-terrace building of approximately 145 sq.m, comprising a ground floor one-bedroom apartment with access to the back yard and private garage, a two-bedroom apartment on the first floor and a two-bedroom apartment on the second floor. The present owner had initiated the renovating process and installed several services including double glazed windows throughout (except two on the top floor), fire safety boards on the ceiling of ground and first floor, individual water tank for each apartment, however, moderated renovation works are required on the ground and first-floor apartments and a full renovation works are required to the top floor two-bedroom apartment. There may be further potential for a studio apartment at the back of the house where the existing garage is situated, subject to relevant planning permission, which could potentially higher the yield by a further €10,000 per annum. The property comes with running services such as electricity, water and connection to the sewage. Estimated Rental Value, when finished to the desired standard specification, is approximately €50,000 per annum with the existing units. No. 53 is a mid-terraced red brick house with the east-facing front elevation and the west-facing rear elevation. Ground Floor Apartment: 53.5 Sq Meters Comprises of a kitchen/living room, bedroom, full bathroom with access to the back yard. First Floor Apartment: 48.4 Sq Meters Comprises of a kitchen/living room, 2 bedrooms and a full bathroom. Second Floor Apartment: 42.1 Sq Meters Comprises of a kitchen/living room, 2 bedrooms and a full bathroom. There is a multitude of amenities located in the thriving immediate area which are within walking distance, such as convenience stores, coffee shops, restaurants, pubs, gyms, churches and schools with the picturesque Phibsborough Village and leisure facilities. Superbly positioned in the heart of Phibsborough, the location could not be any better. Small railed garden to the front with on-street residential disk parking. Rear access from a shared laneway to the rear yard. This is an exciting opportunity for the investors as the property has further potential for development subject to relevant planning permission. When completed with all the required renovation works, it could potentially produce 8 to 10% yield in gross. BER to follow up shortly. Viewing is highly recommended, please call or email to arrange an appointment.

Property Features

  • Lucrative investment opportunity.
  • Pre-63 Two storeys over Ground Floor.
  • Builder's Project.
  • Space for additional unit, subject to FPP.
  • Excellent Location.
  • Rental Yield '¬50,000 when finished.
  • Double Glazed Windows installed.

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BER Details

F

Statistics

23/04/2021

Entered/Renewed

5,325

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Daft ID: 14359853

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Sunny M Fahim MIPAV MMCEPI

RELIANCE PROPERTY CONSULTANTS

PSR Licence Number: 004004

SALE AGREED
01 5377800

RELIANCE PROPERTY CONSULTANTS, RELIANCE PROPERTY CONSULTANTS 198 Harold's Cross Road, Harold's Cross, Dublin 6W

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Sunny M Fahim MIPAV MMCEPI

SALE AGREED