Description
Colman Grimes Estate Agents are delighted to present to the market this substantial Georgian mixed-use investment property, prominently positioned at the junction of Capel Street and Bolton Street in the heart of Dublin City Centre.
Extending to approximately 319 sq.m (3,433 sq.ft) over four storeys and basement level, this impressive pre-1963 property comprises a ground-floor and basement commercial premises together with three spacious one-bedroom apartments on the upper floors.
The building has been well maintained throughout, with the residential accommodation benefiting from recent refurbishment works. Upgrades include secondary glazing, modern electric panel heating, contemporary fitted kitchens, upgraded bathrooms and new flooring, providing attractive and comfortable living accommodation.
The property offers an established mixed-use investment opportunity in a highly accessible city centre location, with a combination of commercial and residential rental income.
The commercial premises have been occupied by the same tenant since July 2012, while two of the three residential apartments are currently let, with the remaining apartment vacant.
The property would achieve a combined rental income of €72,984.00 per annum when fully occupied.
The property's prominent corner position, attractive Georgian character, established commercial tenancy and proximity to Dublin's principal business, retail and educational districts further enhance its appeal as a city centre investment.
KEY FEATURES
• Secondary glazing, modern electric heating, upgraded kitchens and bathrooms
• Well-maintained communal areas and separate residential access
• Excellent proximity to retail, educational, legal and commercial districts
• Convenient access to LUAS, Dublin Bus and other public transport services
• Attractive brick-fronted Georgian building
• Listed on the Record of Protected Structures (RPS References: 1192 & 1193)
RENTAL & ACCOMMODATION SCHEDULE
Commercial Unit – Ground Floor & Basement
• Floor Area: 145 sq.m (Ground Floor: 67 sq.m / Basement: 78 sq.m)
• Monthly Rent: €1,900
• Tenancy commenced: July 2012
Apartment 1 – First Floor
• One-bedroom apartment
• Floor Area: 58 sq.m
• Monthly Rent: €1,091
• Status: Let
Apartment 2 – Second Floor
• One-bedroom apartment
• Floor Area: 58 sq.m
• Status: Vacant
• Potential to generate additional rental income (€1800.00 pm)
Apartment 3 – Third Floor
• One-bedroom apartment
• Floor Area: 58 sq.m
• Monthly Rent: €1,291
• Status: Let
Potential Income When Fully Let: €72,984.00 per annum
All rental figures are provided for guidance and are subject to verification.
PROTECTED STRUCTURE
The property is included on the Record of Protected Structures under the Dublin City Development Plan.
RPS References: 1192 & 1193
Prospective purchasers are advised to satisfy themselves regarding the property's protected structure status and any associated planning or conservation requirements.
INVESTMENT OVERVIEW
This substantial Georgian property represents an opportunity to acquire an established mixed-use investment in a prominent Dublin City Centre location.
With a long-standing commercial occupier, recently refurbished residential accommodation, existing rental income and a vacant apartment, the property offers a combination of immediate income and potential for further rental income, subject to applicable regulations.
Its central location, attractive period character and diversified commercial and residential accommodation make it a compelling proposition for investors seeking a well-located Dublin city centre asset. Features
Substantial Georgian mixed-use investment property in a prime Dublin 1 location
Prominent corner position at the junction of Capel Street and Bolton Street
Extending to approximately 319 sq.m (3,433 sq.ft)
Four storeys over basement accommodation
Established commercial tenant in occupation since July 2012
Two residential apartments currently let, with one apartment vacant
Recently refurbished residential accommodation
High-profile street frontage with strong pedestrian and passing traffic BER Details
