|Property Type||Investment Property|
**Benefiting from granted new planning permission (2615/21) for alteration and modification of upper floor residential into 5 of one-bed apartments** *** Existing tenant: Paddywagon Ltd occupied premises under 20 years lease from 1st April 2016. Contracted rent at €85k per annum. Tenant has excused the break option, lease will be end 31st March 2023*** ***Low capital value €1.65m/5683 sq. ft=€290/sq. ft*** ///DATAROOM/// - https://www.dropbox.com/scl/fo/h04t6s8tpbtkfxm99n2z2/h?dl=0&rlkey=pzg0q7rgxvc95oa4dvc5s4qy4 ///PROPERTY/// - Residential: complete renovation in 2020 - New roof complete in 2022 - Mid-terraced Victorian style building comprising of a three storey over basement commercial premises - Two separate apartments over commercial premises (1 bed and 3 bed apartments) ///TENANCY/// Tenant 1: Paddywagon Ltd - Occupied areas: Ground Floor: 1857 sq.ft + Basement: 1076 sq.ft. - Lease Type: FRI lease - Lease Term: 20 years lease from 1st April 2016 - Contract Annual Rent: €85,000 - Break option: Tenant has excused the break option, lease will be end 31st March 2023 Tenant 2: Sweetinn Dublin - Occupied areas: 1st Floor - 1270 sq. ft. - Lease Type: IRI Lease - Description: -Apt No. 1 (1 bed 1 bath) - Current Annual Rent: €21,000 Tenant 3: Private Residential tenant - Occupied areas: 2nd Floor & 3rd Floor - 1485 sq. ft. - Description: -Apt No. 2 (3 beds 3 baths) - Current Annual Rent: €36,000 ///LOCATION/// Excellent public transport service at its doorstep including Dublin Bus, Aircoach, LUAS Cross City line, Dublin bike, Connolly Train Station - 10-minute walk to Parnell Luas Stop - https://bit.ly/10TalbotStMap ///SURROUNDING DEVELOPMENT/// - Dublin Central, https://dublincentral.com/ - Clerys Quarter, https://clerysquarter.ie/ - Connolly Quarter, https://www.dublinlive.ie/news/dublin-news/700-new-homes-state-art-22542568 DISCLAIMER Capel Abbey Limited gives notice that these particulars are set out as a general outline only for the guidance of intending Purchasers or Lessees and do not constitute any part of an offer or contract. Details are given without any responsibility and any intending Purchasers, Lessees or Third Party 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. No person in the employment of Capel Abbey Limited has any authority to make any representation or warranty whatsoever in relation to this property.
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Date created: May 6, 2022