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AMV: €570,000 SALE AGREED

65 St. Patrick's Road (Great Investment Opportunity), Drumcondra, Dublin 9

6 Bed

6 Bath

146 m²

Terrace

Description

  • Sale Type: For Sale by Public Auction
  • Overall Floor Area: 146 m²
  • Auction Location: Online
***GREAT INVESTMENT OPPORTUNITY IN PRIME LOCATION*** Online Auction will take place on Thursday 29th September 2022 @ 3pm KELLY BRADSHAW DALTON in conjunction with Leinster Property Auctions are delighted to present 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 is an investment property 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 Investment Opportunity No Rental Caps Rear Access Prime Location Separate Meters
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BER Details

G

Statistics

21/09/2022

Entered/Renewed

3,073

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Daft ID: 113134432

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SALE AGREED
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