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20 South Lotts Road, Ballsbridge, Dublin 4

Sale Agreed

221 m²

20 South Lotts Road, Ballsbridge, Dublin 4

Sale Agreed

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Beds
Price	Sale Agreed
Property Type	Investment Property
Size	221 meters²
Energy Rating	BER-Exempt
Refreshed on	Jan 22, 2024
Eircode

Description

Positioned in the heart of Dublin 4, 20 South Lotts Road sits nestled between the landmark developments of The Gas Works and The Ropery, South Lotts Road runs parallel to the digital and tech hub that is now Barrow Street and sits on the periphery of the entire Grand Canal and Docklands area. The Building has benefitted from a recent planning grant (WEB1872/20) allowing for the conversion of the current use to that of 3 Full Residential Apartments consisting of a One Bed Apartment, 1 x Two Bed Apartment and 1 x Three Bed Apartment. Up until recent the building in its current guise had been producing an Annual Rent of circa €90,000 per year but under the new compliant planning permission it should produce an Annual Rent of between €72,000 - €78,000. The current planning permission uses the existing layout meaning no real heavy duty construction is involved to fulfil the conditions of the Grant which should keep any costs at a minimum. The building is currently producing a passing rent of €51,600 with 2 Vacant Units. The top floor 3 Bed Apartment has been recently refurbished and is tenanted. Viewing is by appointment only

Features

Prime D4 Location Period Building in excellent condition Planning Permission WEB1872/20 Potential 7% Yield

BER Details

BER: Exempt

Description

Positioned in the heart of Dublin 4, 20 South Lotts Road sits nestled between the landmark developments of The Gas Works and The Ropery, South Lotts Road runs parallel to the digital and tech hub that is now Barrow Street and sits on the periphery of the entire Grand Canal and Docklands area. The Building has benefitted from a recent planning grant (WEB1872/20) allowing for the conversion of the current use to that of 3 Full Residential Apartments consisting of a One Bed Apartment, 1 x Two Bed Apartment and 1 x Three Bed Apartment. Up until recent the building in its current guise had been producing an Annual Rent of circa €90,000 per year but under the new compliant planning permission it should produce an Annual Rent of between €72,000 - €78,000. The current planning permission uses the existing layout meaning no real heavy duty construction is involved to fulfil the conditions of the Grant which should keep any costs at a minimum. The building is currently producing a passing rent of €51,600 with 2 Vacant Units. The top floor 3 Bed Apartment has been recently refurbished and is tenanted. Viewing is by appointment only

Features

Prime D4 Location Period Building in excellent condition Planning Permission WEB1872/20 Potential 7% Yield

BER Details

BER: Exempt

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Derek Byrne Property Consultants

Tel: 087 9...

PSRA Licence No. 003778

Date created: Nov 16, 2022