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IrelandDublinDublin 8Inchicore195 Emmet Road, Inchicore, Dublin 8

€495,000

195 Emmet Road, Inchicore, Dublin 8

112m 2Investment Property Refreshed on Apr 21, 2021
Eircode: D08XY4C
#4 of 6 Properties Viewed in Inchicore
Brock Delappe Estate Agents
Brock Delappe Estate Agents
Tel: 01 633 4446
PSRA Licence No. 002179
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Description

Excellent opportunity to acquire a high yield investment property with development potential to the rear. The property has been fully renovated in 2020, to include; new kitchens, new bathrooms, new flooring, rewiring and full redecoration. Below is a breakdown of the income: One bedroom apartment at garden level €11,880 pa Retail unit at street level €9,600 pa Two bedroom apartment at first floor level €18,000pa The apartment at garden level rent was set in March 2019 The retail unit is occupied by Inner City Scooters, who sell electric scooters and have signed a 4 year 9 months lease from February 8th 2021 The apartment upstairs is currently vacant and the above rent is based on a letting market valuation of €1500 per month The site to the rear, is accessed from Camac Close beside the River Camac, it is subject to a recent planning application comprising of a 2 bedroom duplex and a 3 bedroom duplex (ref: 4695/19) Camac Close itself is an integral part of a scheme for a walkway along the River Camac. There is a proposal to have steps at the end of the lane that would access Inchicore Village. This proposal forms part of a nearby development for a three storey building that has been granted planning permission and is situated at the junction of the lane, Emmet Road and Golden Bridge (ref: 3430/16) The property enjoys an excellent situation in the heart of Inchicore Village which is 4km from the City Centre. The village itself is home to a vibrant mix of coffee shops, pharmacies, solicitor practices and convenience stores. It form part of one of the core bus corridors; linking Liffey Valley with the City Centre. The LUAS red line is a short walk away. The area has excellent amenities and is in close proximity to the Memorial Gardens, the Royal Hospital Kilmainham and the Phoenix Park.