DescriptionFOR SALE BY PRIVATE TREATY
The Opportunity A residential collection of scale and high quality.
Located in an area of very high residential occupancy and demand.
61 residential purpose built apartment units along with 3 commercial units, along with a zoned potential
residential development site.
Generating a gross rental income of approximately €1,085,500 per annum.
Effectively fully let.
Professionally managed tenant base (original owner has operated for more than 40 years).
c. 1 acre (0.404 HA) Site to rear with potential for further development (subject to planning permission).
All units are in excellent condition however there is scope for refurbishment and improvement of existing units.
Substantially compliant for planning, fire regulations and Local Authority Housing Standards.
AccommodationSix period properties located in a prime residential area, redeveloped to provide for 61 purpose built residential
units, and 3 commercial units to the rear. Located adjacent to key transport links and Dublin City Centre.
Entire ownership and control of all properties. Producing a strong sustainable income stream with rental growth potential.
Opportunity for a refurbishment programme to be implemented and value added.
A comprehensive suite of compliance documentation for each property.
Opportunity includes a large site located to the rear of 175, 175a, 176, 177 and 178 Rathgar Road, Rathmines, Dublin 6. Subject site measures c. 0.404 hectares (c. 1 acre site).
Potential for further residential development (Subject to planning permission). Architect and Planners report suggest an additional 44 apartment units could be added to the overall portfolio (subject to planning permission).
Dublin City Council Zoning: Zone Z2: Residential Neighbourhoods (Conservation Areas) – ‘To protect and/or improve the amenities of residential conservation areas’. DCC LA plan currently running from 21/10/2016 to 20/10/2022.
FeaturesThe entire portfolio is located on Rathgar Road, Rathmines, Dublin 6. Rathgar Road services towns located South West of Dublin such as Templeogue, Terenure and Rathgar Village. The villages of Rathmines and Rathgar are vibrant suburbs on the Southside of Dublin City Centre, both experiencing exciting rejuvenation.
The villages of Rathgar and Rathmines are very well served with a selection of restaurants, cafés, pubs, financial institutions and shops, as well as The Swan Shopping Centre. The LUAS Cross City serves the immediate area providing ready access to the city centre, via the Ranelagh LUAS stop less than 1km away.
Rathgar Road is a main artery route into Dublin City Centre located approximately 3kms to St. Stephens Green and 5.5km to Junction 11, M50.
Viewing DetailsViewing by appointment only with joint sole selling agents - DNG Advisory or BNP Paribas Real Estate