Flynn & Associates are delighted to present a superb investment opportunity in the unique opportunity that is `The Emerald` a mixed use residential / commercial building strategically located in the heart of Donabate Village.
Set over three floors, the ground floor is currently set out with a large two bedroom own door apartment (c.78 sq m) which is in need of refurbishment and modernisation. The remainder of the ground floor is internally linked via staircase to first floor with a ground floor store & office area, this space would be suited to a possible change of use (STPP) to residential. Onto the first floor level which benefits from on street access to the faÃ§ade & is currently set out as a commercial retail unit (c.123 sq m) of usable space. This unit offers huge potential as a retail investment or a possible change of use (STPP) to residential. Further to this the second floor layout incorporates a high spec 3 bedroom own door apartment (c.85 sq m) with street level access from the facade of the property. This apartment offers deceptively spacious & light filled accommodation, finished to the highest of standards with panoramic views its available to occupy immediately with a potential ERV of €1800 per month.
The property also benefits from a rental income from mobile telecommunication masts with a combined rental income of €17,000.00 per annum. These masts are under contract and maintained by the tenant without any obstruction to the landlord.
The property has a superb street profile. From a residential viewpoint this is a highly accessible location with the beautiful Donabate beach within a few minutes` walk. Boasting its own car park & gardens to rear, this property offers a rare opportunity to acquire a large multi-functional building, positioned within this most enviable location in the heart of Donabate Village. The area is well serviced by bus and rail, being immediate to the train station & is a short distance to Dublin International Airport & the M1/M50 Motorways.
Accommodation Lounge / Kit ...