PSRA Licence No: 001141
2 Old Dunleary Road, Dun Laoghaire, Co. Dublin
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97 Lower George's Street, Dun Laoghaire, Dublin

Sale Agreed

Investment Property 146 m² / 1572 ft² Sale Agreed D2


Viewing Details

STRICTLY BY APPOINTMENT ONLY

BER Details

BER:
BER No. XXX
Energy Performance Indicator: XXX kWh/m²/yr

Description

Fabulous opportunity to acquire a high calibre building ideally situated on the busy thoroughfare of Lower George's Street adjacent to St. Michael's Hospital and opposite Bloomfield Shopping Centre. Recently refurbished to a high standard, this fine building is currently let on a ten year lease from May 2013. Number 97 commands a strong pitch in the Town with good window frontage on to Lower Georges Street that carries a high volume of passing trade.

The property brings a lot to the table with separate on street access giving the opportunity of mix use by converting the first floor to residential subject to the relevant planning laws. The property also benefits from a good sized single storey extension to the rear that has the foundations in place to add a further two floors to subject to the relevant planning laws.

The option of adding a residential element to this fine property makes this a highly attractive investment opportunity. The foundations are already in place for converting the first floor accommodation to residential, with separate access at street level, the first floor is metered separately and pink boarded. The first floor space on offer would comfortably accommodate a spacious modern two bedroom apartment, yielding an annual rent of €16,800.

Accommodation currently comprises of a large open plan retail space with tiled flooring and suspended ceiling stepping down to further retail area that is currently partly partitioned to smaller offices. A separate hall from the independent access meets the stairs leading to the first floor return that consists of a good sized rear office with Sash window and WC. The first floor has a well presented side office with Sash window and a fabulous bright spacious open plan room with two large Sash windows that front out to Lower Georges Street with attractive high quality laminate flooring. A final stairwell leads to the converted attic space that currently houses a large office to the rear and WC.

VIEWING STRICTLY BY APPOINTMENT

CALL OUR OFFICE TODAY TO AVOID DISAPPOINTMENT!!!

Features:
• Eight years remaining on a ten year lease
• Current rental income €27,000
• The property has been recently pink boarded from front to rear
• Excellent condition throughout
• Great potential to convert first floor to residential subject to PP
• Separate on street access to first floor
• Ground floor and first floor metered separately
• Potential for spacious two bedroom apartment subject to PP
• Potential residential yield of €16,800 per annum
• Air conditioning
• Three phase power
• Ground floor and first floor rated separately
• Highly convenient position
• Excellent window frontage


VIEWING STRICTLY BY APPOINTMENT

CALL OUR OFFICE TODAY TO AVOID DISAPPOINTMENT!!!