DescriptionNo. 14 Adelaide Road comprises a well presented three storey over garden level, mid-terrace Georgian building with one car space. The property extends to 322 sq. m. (3,470 sq. ft.) and is currently producing €47,400 per annum with one vacant apartment.
Currently in a mix of commercial and residential uses, the building comprises a creche at garden level and three, one bedroom apartments overhead, one per floor.
Kidd Care Montessori (tenant not affected) occupy the garden level and are holding over on a 4 year 9 month IRI lease from 1st May 2008 at a passing rent of €21,000 per annum.
The garden level boasts independent access off Adelaide Road and benefits from a substantial, south facing rear garden. Internal specification includes timber floors, plastered and painted walls and ceilings, fluorescent spot lighting, kitchenette and W.C. A log cabin was constructed in 2008 within the rear garden which extends to approx. 300 sq. ft. and is fitted out to a high specification and includes a W.C.
The building provides for three bright, one bedroom apartments on ground, 1st and 2nd floors and presents in good condition with many of the original period features remaining intact, including detailed cornicing, ceiling roses, timber sash windows and marble fire places. Each apartment comprises a bedroom en-suite and open plan reception/kitchen area. Two apartments are currently let on one year rolling residential tenancies and are producing €26,400 per annum. Notices to vacate have been served on each of the tenants and vacant possession of the apartments will be obtained by August 2018.
Located in the heart of Dublin's Central Business District, the building is just a short distance from all City Centre amenities, including an array of restaurants, bars, cafes and hotels. St. Stephens Green, Grafton Street and Ranelagh are all located within a 5-minute walk and surrounding office occupiers include Arthur Cox, Deloitte, Investec, Barclays and Aviva.
The area is extremely well served by a host of public transport facilities including numerous Dublin Bus routes and Dublin Bike stations located within close proximity and the LUAS green line accessed at Charlemont and Harcourt both within a minutes walk.
- Producing €47,400 per annum
- Car parking
- Substantial south facing rear garden
- Suit Investors and Owner Occupiers
- Low Capital Value of €317 per sq. ft.
- Opportunity to substantially increase rent roll