North City Centre

1-3 Buckingham Street Lower, North City Centre, Dublin 1

Sale Agreed 1 bed540 m²

1-3 Buckingham Street Lower, North City Centre, Dublin 1

Sale Agreed

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Beds	1 bed
Price	Sale Agreed
Property Type
Size	540 meters²
Energy Rating	BER-
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Description

Fantastic Investment Opportunity with potential for 15 % yield. 1-3 Buckingham Street Lower incorporates three Georgian buildings laid out as a 28 room guesthouse, 25 of which have been leased by Dublin City Council since 1999. The property produces a net annual income after running costs of c.€220,000. The gross rent is available on request. The buildings are maintained in very good condition throughout with 25 of the 28 rooms currently held by DCC. There is potential to increase revenue by leasing 3 unused units. These buildings are fully fire compliant. Full details are available through the selling agent. The is scope to split the three buildings, lease privately or operate as a hall of residence for student accommodation. Buckingham Street Lower is adjoining Amiens Street and holds a prominent position within the City Centre. These properties are minutes from Connolly Train and Luas Station, the IFSC and O’Connell Street.

Accommodation

No 1 Buckingham Street Lower is laid out in 5 studio apartments. No 2 & 3 Buckingham Street Lower is laid out over four interconnecting floors and basements. All guestrooms are fitted with ensuite shower rooms and a number of units are laid out as studio apartments. Other accommodation includes Reception Area, Dining Area, Office Space & Storage.

Features

Substantial Buildings Excellent Investment Opportunity High Yielding Return of c.15% Fully Compliant Investment

BER Details

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

Viewing Details

By appointment only

Description

Fantastic Investment Opportunity with potential for 15 % yield. 1-3 Buckingham Street Lower incorporates three Georgian buildings laid out as a 28 room guesthouse, 25 of which have been leased by Dublin City Council since 1999. The property produces a net annual income after running costs of c.€220,000. The gross rent is available on request. The buildings are maintained in very good condition throughout with 25 of the 28 rooms currently held by DCC. There is potential to increase revenue by leasing 3 unused units. These buildings are fully fire compliant. Full details are available through the selling agent. The is scope to split the three buildings, lease privately or operate as a hall of residence for student accommodation. Buckingham Street Lower is adjoining Amiens Street and holds a prominent position within the City Centre. These properties are minutes from Connolly Train and Luas Station, the IFSC and O’Connell Street.

Accommodation

No 1 Buckingham Street Lower is laid out in 5 studio apartments. No 2 & 3 Buckingham Street Lower is laid out over four interconnecting floors and basements. All guestrooms are fitted with ensuite shower rooms and a number of units are laid out as studio apartments. Other accommodation includes Reception Area, Dining Area, Office Space & Storage.

Features

Substantial Buildings Excellent Investment Opportunity High Yielding Return of c.15% Fully Compliant Investment

BER Details

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

Viewing Details

By appointment only

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Hora Property Consultants

Tel: 01 66...

PSRA Licence No. 002908

Date created: Sep 4, 2014