9 Drumcondra Road Lower ***Pre '63 Investment Opportunity***, Drumcondra, Dublin 9, D09YDE9
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9 Drumcondra Road Lower ***Pre '63 Investment Opportunity***, Drumcondra, Dublin 9, D09YDE9

€850,000

8 Bed

4 Bath

178 m²

Terrace

Description

  • Sale Type: For Sale by Private Treaty
  • Overall Floor Area: 178 m²
***PRE '63 INVESTMENT OPPORTUNITY / PRIME LOCATION / 8.75% YIELD / SOLD WITH VACANT POSSESSION*** KELLY BRADSHAW DALTON are delighted to present to the open market, 9 Drumcondra Road Lower, Dublin 9. This is an exceptional Pre '63 investment property. This substantial two storey over garden level property with an impressive rear garden offers great potential to the astute investor. No.9 provides investors an opportunity to acquire 4 units (4 x 2 bedroom units) in a significant building in a prime central location, with parking available for 2 cars. This property is being sold with vacant possession. The property is currently rented out for €1,550 per unit generating an annual rent of €74,400 p.a. At the guide price this would give you a yield of 8.75%. The property could benefit from more robust refurbishment and reconfiguration in order to bring these 4 units to market standards. We have calculated that the open market rental value of the refurbished property could be €105,600 (€2,200 per 2 bedroom). Therefore, our AMV of €850,000 allows considerable room for refurbishment. The BER for each apartment is coming in at an F or a G so cleverly thought out energy efficient upgrades could garner a B rating thereby qualifying for substantial changes to the property. Drumcondra Road Lower is excellently located, with a wealth of amenities of Drumcondra Village on its doorstep and within walking distance of the City Centre. The convenience of the location of this property cannot be overstated. Some of Dublin's most prestigious educational institutions are within walking distance, including St Patricks College of Education, Mater Dei Institute of Education and All Hallows College. Also, only a short distance away are the IFSC and East Point Business Park. Drumcondra Train Station is only two minutes away and there are numerous bus routes serving the area. Also within close proximity are shops, cafes, restaurants, churches, a host of sporting & recreational facilities, the M1 & M50 Motorways and Dublin Airport. This is a fantastic opportunity for any purchaser to acquire an eight bedroom residence in a superbly located and convenient location. Features Pre '63 INVESTMENT PROPERTY SUPERB, PROMINENT AND PRIME LOCATION 8.75% YIELD VACANT POSSESSION FIRE SYSTEM IN PLACE 2 PARKING SPACES Rooms Garden Level - 45.0sq m 2 Double Bedrooms, Storage Room, Living/Kitchen, Bathroom Ground Floor - 51.0sq m 2 Double Bedrooms, Storage Room, Living/Kitchen, Bathroom Second Floor - 42.0sq m 2 Double Bedrooms, Living/Kitchen, Bathroom Third Floor - 2 Double Bedrooms, Living/Kitchen, Bathroom
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School Name
Distance
Pupils
School NameGardiner Street Primary SchoolDistance430mPupils418
School NameLindsay GlasnevinDistance510mPupils90
School NameTemple Street Hospital SchoolDistance570mPupils75
School Name
Distance
Pupils
School NameSt Columba's Iona RoadDistance610mPupils370
School NameO'Connell Primary SchoolDistance650mPupils173
School NameAn Taonad ReamhscoilDistance910mPupils97
School NameSt Patricks N SchoolDistance910mPupils460
School NameRutland National SchoolDistance940mPupils163
School NameNorth William St GirlsDistance960mPupils220
School NameGaelscoil Cholásite MhuireDistance960mPupils170
School Name
Distance
Pupils
School NameO'Connell SchoolDistance680mPupils213
School NameBelvedere College S.jDistance750mPupils1003
School NameLarkin Community CollegeDistance1.1kmPupils407
School Name
Distance
Pupils
School NameMount Carmel Secondary SchoolDistance1.3kmPupils399
School NameSt Vincents Secondary SchoolDistance1.3kmPupils399
School NameRosmini Community SchoolDistance1.4kmPupils75
School NameScoil ChaitríonaDistance1.4kmPupils508
School NameDominican College Griffith Avenue.Distance1.5kmPupils786
School NameThe BrunnerDistance1.7kmPupils219
School NameSt. Joseph's C.b.s.Distance1.7kmPupils254
Type
Distance
Stop
Route
Destination
Provider
TypeBusDistance30mStopFitzroy AvenueRoute901DestinationCathal Brugha StreetProviderMatthews Coach Hire
TypeBusDistance30mStopFitzroy AvenueRoute16dDestinationBallinteerProviderDublin Bus
TypeBusDistance30mStopFitzroy AvenueRoute44DestinationO'Connell StreetProviderDublin Bus
Type
Distance
Stop
Route
Destination
Provider
TypeBusDistance30mStopFitzroy AvenueRoute11DestinationSandyford B.d.ProviderDublin Bus
TypeBusDistance30mStopFitzroy AvenueRoute33DestinationAbbey StProviderDublin Bus
TypeBusDistance30mStopFitzroy AvenueRoute16DestinationBallinteerProviderDublin Bus
TypeBusDistance30mStopFitzroy AvenueRoute13DestinationGrange CastleProviderDublin Bus
TypeBusDistance30mStopFitzroy AvenueRoute44DestinationEnniskerryProviderDublin Bus
TypeBusDistance30mStopFitzroy AvenueRoute1DestinationShaw StreetProviderDublin Bus
TypeBusDistance30mStopFitzroy AvenueRoute901DestinationTemple StreetProviderMatthews Coach Hire

BER Details

F

Statistics

29/05/2024

Entered/Renewed

4,695

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Daft ID: 119141036

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