DNG - Chapelizod's leading Estate Agents are delighted to offer the sale of this substantial, two storey over garden-level property, which incorporates five self-contained residential units. This fine property occupies a prominent position in the heart of Chapelizod village.
The property comprises of 1 one-bedroom unit (56 sq.m / 600 sq.ft) and 4 two-bedroom units (62 sq.m / 665 sq.ft to 75 sq.m / 820 sq.ft). All five units are finished to a very good standard.
When all five units were most recently at full occupancy (one unit is now vacant), the units were producing an accumulated gross rental income of €68,700 per annum, a yield of 12.49%. Given its proximity to the city centre, this is a strong letting location and there is significant potential to increase the overall rental income. The accumulated conservative current estimated rental value is €78,000 per annum, offering a potential gross yield of 14.18% based on the current ERV.
40 Main Street is centrally located in the village of Chapelizod, with a host of local amenities on its doorstep including transport links, shopping facilities, Phoenix Park, recreational clubs etc. Chapelizod is just 7km from the city centre and within a short distance to the N4/M4/M50 and Heuston Station.
Viewing is very highly recommended.
Unit 1 - 56 sq.m / 600 sq.ft
Garden-Level one bedroom unit comprising of hallway, a large open-plan, fully fitted kitchen/dining/living room, double bedroom and a fully tiled bathroom.
Unit 2 - 63 sq.m / 675 sq.ft
Two bedroom unit at street-level comprising of hallway, a spacious open-plan, fully fitted kitchen/dining/living room to the rear, with 2 bedrooms and a fully tiled bathroom to the front. ...