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IrelandDublinDublin 3Drumcondra34 Botanic Avenue, Drumcondra, Dublin 9

€675,000

34 Botanic Avenue, Drumcondra, Dublin 9

144m 2Energy RatingInvestment Property Refreshed on Oct 9, 2019
#3 of 6 Properties Viewed in Drumcondra
REA Grimes (Clontarf)
REA Grimes (Clontarf)
Tel: 01 853 0630
PSRA Licence No. 001417
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Description

Savills take great pleasure in bringing to the market this excellent investment opportunity in this most desirable of locations. No. 34 Botanic Avenue is a Pre-63 investment property currently producing an attractive rental income. This is a brilliant opportunity to purchase a shrewd investment in an excellent and highly sought after location. No. 34 comes to the market with approximately 144 sq m / 1,550 sq ft of living and bedroom accommodation, laid out in 4 units. The current owner has upgraded the electric heating and insulation within recent years, which has improved the BER rating. Accommodation briefly comprises of an entrance hall and two 1 bed flats on the ground floor, with another 1 bed flat located on the first-floor return, and a 2 bed flat on the first floor. Flat 1 is being sold with the benefit of vacant possession, while flats 2, 3, and 4 are being sold with the tenants in-situ. The property is currently producing a rental income of €56,640 per annum from flats 2, 3 and 4, and is expected to produce a rental income in excess of €70,000 once all flats are fully let. Please contact the office for further information on breakdown of rental incomes. Botanic Avenue is a short distance to the heart of Dublin City Centre where every conceivable amenity is at hand. The property is convenient to the numerous shops, cafes, and restaurants that Drumcondra village has to offer. Dublin City University, Croke Park, Dublin Airport, Beaumont, Mater & Temple Street Hospitals, the M1 & M50 motorways are also a short distance away. The area is very well serviced by a great public transport system with numerous bus routes nearby, as well as being walking distance to Drumcondra DART station.

Accommodation

Entrance Hall: Leading to units 1 and 2 on the ground floor, and access to the rear, with stairs leading to units 3 and 4 UNIT 1 (vacant possession): Open plan kitchen / dining / living room: Overlooking the front of the property, with laminate flooring, and tiled splashback and built in storage units at eye and counter level in the kitchen area Bedroom: Large double room overlooking the rear of the property, with laminate flooring Shower room: Fully tiled with wash hand basin, W.C, and shower UNIT 2 (rental income of €1,450 p.c.m): Open plan kitchen / dining / living room: With laminate flooring, and tiled splashback and built in storage units at eye and counter level in the kitchen area Bedroom: Double bedroom with laminate flooring En Suite: Fully tiled with wash hand basin, W.C, and shower UNIT 3 (rental income of €1,400 p.c.m): Open plan dining / living room: With laminate flooring Kitchen: Galley style kitchen with tiled floor, tiled splashback and built in storage units at eye and counter level Bedroom: Bright double bedroom with laminate flooring En Suite: Fully tiled with wash hand basin, W.C, and shower UNIT 4 (rental income of €1,870 p.c.m): Open plan kitchen / dining / living room: With laminate flooring, and tiled splashback and built in storage units at eye and counter level in the kitchen area Bedroom 1: Large bright double bedroom overlooking the front of the property, with laminate flooring Bedroom 2: Double bedroom with laminate flooring Shower room: Fully tiled with wash hand basin, W.C, and shower Outside: The rear yard has access to two block built storage sheds, and also has pedestrian access to a laneway BER DETAILS: UNIT 1: BER: D2 BER No.: 104855622 Energy Performance Indicator: 261.48 kWh/m²/yr UNIT 2: BER: D1 BER No.: 104855648 Energy Performance Indicator: 228.9 kWh/m²/yr UNIT 3: BER: C3 BER No.: 104855663 Energy Performance Indicator: 214.57 kWh/m²/yr UNIT 4: BER: C3 BER No.: 105435804 Energy Performance Indicator: 201.07 kWh/m²/yr

Features

Excellent pre-63 investment opportunity Approx. 144 sq m / 1,550 sq ft Mid terrace property comprising 4 units Current rental income of €56,640 p.a with vacant possession of 1 unit Estimated rental income in excess of €70,000 p.a. when fully let Excellent and sought after location Walking distance to Dublin City Centre

BER Details

BER: C3
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Property Price Register in Drumcondra
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