17 St David’s Terrace, Blackhorse Avenue, Dublin 7

€495,000

Description

Hibernian Estates – Dublin’s Fastest growing estate agents present to the market this beautiful period residence (3/4 bed) retaining many of its original features converted into 3 x 1 bedroom apartments. This property is ideal for an investor with potential yields on offer of c8.4%, €43,800 per annum. The potential is also there to convert back into a family home with vacant possession , a unique opportunity. Located in one of Dublin’s most sought after areas.

All tenants are in occupation under short term lease agreements. Breakdown of Units/Rents as follows

Apartment 1- Ground Floor- 1 Bed, €850 per month, €10,200 per annum (rising to €10,234 following 4% increase)

Apartment 2- Ground Floor 1 Bed, €1250 per month, €15,000 per annum ( rising to €15,600 following 4% increase)

Apartment 3- Currently not rented. This apartment would achieve €1,500 per month, €18,000 in current market conditions

Accommodation comprises of

Woodgrain effect PVC front door with overhead fan light, spacious entrance hallway retaining many original period features, carpet, centered rose lighting piece, archway, under stairs storage plumbed for washing machine

Apartment 1- Located to front of residence, access off main hallway. Containing Open plan kitchen/dining/sitting room area, double bedroom & bathroom

Features- Apartment 1

Original fireplace with electric fire inset

Access to rear yard off kitchen area

Apartment 2- Located to rear of residence, containing Open plan kitchen/dining/sitting room area, double bedroom & bathroom

Features- Apartment 2

Newly laid timber flooring

Recently fitted modern kitchen

Apartment 3- First Floor. Beautifully finished contemporary style apartment, containing main modern fitted bathroom suite, open plan L shape kitchen cum sitting room area, access to attic (fully converted to games room)

Features: Fully alarmed, access to attic space utilised as games room, sunny decking area, modern fitted kitchen, main bedroom with ensuite,

Rear of property: Patio area with raised flowerbeds and access to rear lane (key holders access)

Front of property: On street parking available

Main Services: Mains Water- Main Sewerage- Gas fired central heating- Electric heaters- Apartment 3 fully alarm by phone watch

‘Location, Location, Location’ This property is centrally located off North Circular road within walking distance of city centre hosting a range of large employers, Facebook, Linkedin, KPMG etc. Large third level university also within walking distance of the property (DIT Grangegorman etc). Transport links are well developed Luas, Train, Bus etc

Guide Price: In the region of €500,000

FEATURES

-Converted into three self contained 1 bed apts

-Beautiful red brick period residence with stunning original features (High ceilings, coving)

-Attic converted to games room

-Decking area off top floor apartment ideal for those long summer evenings. Patio area on ground floor

-Projected Gross yield if property is fully let- c8.4%. €43,800 per annum

– Majority of fixtures, fittings and free standing furniture included with sale

-Walking distance to city center, close to all transport links

-Historic residence with rear access. Access for local keyholders

-All units have separate ESB meters

-Gas Heating & Electric Heaters

 

Location

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