12 South Circular Road, Portobello, Dublin 8

Sale Agreed

Beds
Price	Sale Agreed
Property Type
Size	meters²
Energy Rating	BER-D2
Refreshed on
Eircode	D08 XTN5
Group Name	Ventura Properties
Sales License Number	004291-008509

Description

Ventura Properties are delighted to bring 12 South Circular Road to the market for sale by private treaty. This is an investment sale with tenants in situ. This is a beautiful period property measuring approximately 1,746sq.ft. over 3 floors. The property is currently producing income of €34,600. The lower ground floor is a 3-Bed own door apartment receiving €15,600 per annum. At upper ground floor level is Alma Cafe at a rent of €19,000 per annum with a 4 year 10 month lease from December 2020. The top floor is a 2-bed apartment which is currently vacant, current open market is estimated at €30,000 per annum which could bring the overall income to €64,600 giving a 10% gross yield. There is a large shed to the rear of the property which gives potential to further development of the property in the future subject to acquiring the appropriate planning. The rear of the property can be accessed through the ground floor apartment and the first floor restaurant but there is also access to a laneway off Curzon Street. Overall the property is in good repair but the apartments would benefit from some cosmetic upgrading in order to obtain full market rent. The location of the property is excellent at the east end of the South Circular Road and due to the proximity of the city centre. 12 South Circular Road enjoys one of Dublin’s most convenient locations with virtually all of the city’s extensive amenities within pleasant walking distance, including Portobello, Camden St, Grafton St and Iveagh Gardens to name but a few.

BER Details

BER: D2

Viewing Details

Please contact Barry Feenan from Ventura Properties if you would like more information about this investment property and to organise an appointment to view.

Description

BER Details

BER: D2

Viewing Details

Please contact Barry Feenan from Ventura Properties if you would like more information about this investment property and to organise an appointment to view.