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52 South Circular Road

€895,000

52 South Circular Road

167m 2Investment Property
Savills Commercial Investments
Savills Commercial Investments
Tel: 01 618 1300
PSRA Licence No. 002233
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Description

Savills is delighted to present 52 South Circular Road to the open market, a pre'63 red brick property divided into 4 self-contained units.

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Currently fully vacant, the previous rental income was in the region of €6,500 per month and has further potential for growth; a must see for investors looking for an asset in a prime Dublin location. This impressive property offers the old and the new, being a refurbished period property benefitting from modern kitchens and bathrooms enhanced by period features such as high ceilings and decorative cornicing. Extending to approximately 167 sq m / 1,785 sq ft, the accommodation comprises 4 separate self-contained modern units being a mix of 1, 2 and 3 bedroom apartments that include a unit with access to the rear garden. All of the units have modern kitchens and bathrooms. The property was previously producing in the region of €78,000 per annum with the potential to build on this figure as the demand for rental property in the City Centre increases. South Circular Road is a highly popular and trendy neighbourhood with charming streets of red brick period properties that are truly pleasing to the eye, with the added benefit of picturesque walks along the canal. Several community groups and residents' associations are active in the area, working to maintain the vibrant community spirit that has long existed in this well-established neighbourhood. There are also fantastic shopping opportunities, excellent cafés, restaurants and sporting facilities nearby. Local primary and secondary schools are plentiful and include Griffith Barracks Multi-Denominational School, St. Louis, St. Mary's and Ranelagh Multi-Denominational to name but a few. The City Centre and St. Stephen's Green are a leisurely walk away. Many of Dublin's principal places of business are within easy reach including Merrion Square, Baggot Street, Fitzwilliam Square and the IFSC. There are also excellent transport facilities within easy reach including numerous bus routes, Dublin Bike stations, and the Luas (Green Line) is nearby offering easy access to Dundrum Town Centre and South County Dublin.