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.
Excellent Investment Opportunity
Five self-contained residential units
Extensively refurbished & renovated in approx. 2004
All units are individually metered
All units are individually fitted with burglar alarms
Single glazed sash windows throughout
Communal courtyard to the rear of the property with pedestrian access onto New Row
Four parking permits allocated to the entire property