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12

€950,000

86 Leinster Road, Rathmines, Dublin 6

7 Bed

6 Bath

160 m²

Terrace

Description

  • Sale Type: For Sale by Private Treaty
  • Overall Floor Area: 160 m²
Victorian, terraced, pre \'63 residential investment c. 160 sq.m. / 1,723 sq.ft. with huge potential to increase the income. Currently comprising six self-contained units (a two-bedroom flat, a one-bedroom flat and four bed-sits) the property also has a large rear garden with vehicular access onto a mews lane. Leinster Road links Rathmines to Harold\'s Cross and is one of the most sought-after roads in Dublin 6. Rathmines is a bustling village c. 1km south of the city centre. Local amenities include the Swan Shopping Centre, Dunnes, Tesco, Lidl & Aldi supermarkets, a range of excellent primary and secondary schools and a huge selection of bars and restaurants. Many houses in the area have been divided into flats and several generations of tenants have enjoyed the proximity to the city centre and the quality of life on offer in Rathmines and Harold\'s Cross. Demand for bed-sits and small flats consistently outstrips supply. No. 86 is on the north side of Leinster Road approximately 80 metres east of the junction with Harold\'s Cross Road and 20 metres west of the junction with Leinster Place. Harold\'s Cross has developed significantly over the last decade and now boasts a range of cafés, shops and restaurants including: 3feFive Points Provider Brew 204 Craft Restaurant HX46 Cafe No. 86 is a Victorian, terraced, brick-fronted two-storey house c. 160 sq.m. / 1,723 sq.ft. currently laid out in six self-contained residential units. There is a railed garden to the front and a large rear garden (approximately 15.5m / 51ft long) with vehicular access onto a mews lane. There is significant scope to increase the rental income of the existing units as well as potential (subject to planning permission) to extend and/or develop to the rear. Hall Floor: Flat 6 Bedsit - c. 21.1 sq.m. Flat 5 Bedsit - c. 19.76 sq.m. Garden Level: Flat 4 One bed flat - c. 23.55 sq.m. Living room/kitchen - c.10.55 sq.m. Bedroom - c.11 sq.m. Shower room - c.2 sq.m. Hall Floor Return: Flat 3 Bedsit c. 13.85 sq.m. First Floor: Flat 2 Bedsit - c.19.76 sq.m. Flat 1 Two Bed Flat - c .30 sq.m. Bedroom - c.7.6 sq.m. Living room - c. 9.14 sq.m. Bedroom - c. 5.3 sq.m. Kitchen - c. 4.2 sq.m. Bathroom - c. 3.26 sq.m. Gross Internal Area: c. 160 sq.m./1,723 sq.ft. Rear Garden: 6.2 m wide; 15.5 m long. The six flats are occupied under standard residential tenancy agreements registered with the RTB. If required, vacant possession can be arranged subject to the prescribed notice periods. Current income is €66,000 per annum. This equates to a gross yield of 7.05%. Taking the obvious reversionary potential into account, an astute investor will increase the gross yield to over 9%.
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Property Features

  • Pre €TM3 residential investment
  • Six self-contained units
  • Large rear garden with vehicular access onto a mews lane
  • Scope to increase rental income
  • Potential to extend and/or develop to the rear (subject to planning permission)

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BER Details

SI_666

Statistics

21/10/2021

Entered/Renewed

4,116

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Daft ID: 16225357

Contact Agent

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Simon Stokes MRICS, MSCSI

01 2334600
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