The property comprises an end of terrace four storey over garden level Georgian building which dates from approximately 1840. The building is now in mixed use including residential and office accommodation with a restaurant at garden level. Externally the property has a brick faÃ§ade incorporating sliding sash windows. Internally the property is in good decorative order and retains many original period features. The restaurant, at garden level, which currently trades as Orchid Restaurant is well presented and provides seating for up to 100 people. The hall and first floors including the return levels are currently in use as offices and are fully let. The residential element of the property comprises a one bed apartment and two bed apartment on the second and third floors respectively. The residential accommodation is in excellent condition. The Vendor has been letting the apartments on a short term basis on Air BnB.
We understand the property is held Freehold.
The purchaser will be liable for any VAT (if applicable) arising out of the transaction.
The property is scheduled to be sold by way of Public Auction on 22nd March 2018 at 3.00pm in the Lisney Salesroom, 6th Floor, St Stephen's Green House, Earlsfort Terrace, Dublin 2
€2,000,000, representing a net initial yield of 5.06% after allowing standard acquisition costs.
Impressive four storey over garden level, end of terrace Georgian property
Mixed use investment opportunity currently producing €109,800 per annum
Immediate reversionary potential through letting th ...