For Sale By Private Treaty - Prime Investment Opportunity
(TENANTS NOT AFFECTED)
27-27A Belvedere, Dublin 1
Situation:
Located on the corner of North Circular Road and Belvedere Road minutes’ walk from Mountjoy Square and Drumcondra Village. The Mater Hospital, Rotunda Hospital & Drumcondra Village are all within brief walking distance. The location could not be better as it is well serviced by both public and private transport links with easy access to the M1 and M50 Motorways. The property is adjacent to the recently opened Dublin One Hotel and landmark Big Tree Pub.
General:
Mullery Auctioneers & Property Team Lappin Estates take great pleasure in presenting to the market 27 & 27A Belvedere Road, a fine “Landmark” investment property which offers an excellent mixed Residential/Commercial investment to the astute investor. Currently producing approximately €89,000 per annum (actual & estimated, fully let with the benefit of the permitted increases assumed due). This well managed property is presented to the market as a going concern, in good condition throughout and is divided into 4 self-contained residential units (2 x 1 beds and 2 studios) another room / store and a ground floor & basement unit currently in commercial use, previously in retail use. This is a fantastic investment opportunity within 15 minutes’ walking distance of O’Connell Street. Viewing is very highly recommended!
Excellent well managed mixed use investment property
Well located on the corner of North Circular Road and Belvedere Road in proximity to all services & amenities
GIY approximately 10% (based on actual & estimated income, fully let with the benefit of the permitted increases assumed due)
Main roof replaced 2021
New fire System installed 2022
BER: G - D2 BER No.106562465 Energy Performance Indicator:587.98 kWh/m²/yr
Commercial: In Commercial Use
Unit 1: Flat - Living / kitchen, Bedroom & Shower Room
Unit 2: Studio - Living / Kitchen / Bedroom & Bathroom
Unit 3: Flat - Living / kitchen, Bedroom & Shower Room
Unit 4: Room / Store
Unit 5: Studio - Living / Kitchen / Bedroom & Shower Room
By prior appointment only with joint agents Mullery Auctioneers & Lappin Estates
Contact:
Philip Mullery
Mullery Auctioneers
106 Prospect Hill
Galway
PSRA Licence No.: 001045 (091) 567275 / (086) 8101024 philip@mulleryauctioneers.ie
Paul Lappin
Property Team Lappin Estates
154 Phibsborough Road
Dublin 7
PSRA Licence No.: 002012 (01) 8825730 / (087) 2365880 paul@lappinestates.com
Messrs. Mullery Auctioneers Ltd and Property Team Lappin Estates. for themselves and for the vendors or lessors of this property whose agents they are, give notice that: (i) The particulars are set out as a general outline for the guidance of intending purchasers or lessees, and do not constitute, nor constitute part of, an offer or contract. (ii) All descriptions, dimensions, references to condition and necessary permissions for use and occupation, and other details are given in good faith and are believed to be correct, but any intending purchasers or tenants should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of each of them. (iii) No person in the employment of Messrs. Mullery Auctioneers Ltd or Property Team Lappin Estates. has any authority to make or give any representation or warranty whatever in relation to this property. (iv) We have not tested any apparatus, fixtures, fittings or services. Interested parties must undertake their own investigation into the working order of these items. (v) All measurements are approximate and photographs and maps provided are for guidance only. (vi) Prices quoted are exclusive of VAT (unless otherwise stated) and all negotiations are conducted on the basis that the purchaser/ lessee shall be liable for any VAT arising on the transactions.
