19 Orchard Terrace,Grangegorman Upper, Phibsborough, Dublin 7, D07 A9Y9

€410,000

Description

***PRIME INVESTMENT OPPORTUNITY- SPLIT INTO TWO APARTMENTS- C8.45% GROSS ANNUAL YIELD (€36,192 RENTAL INCOME PER ANNUM)

Hibernian Estates- Dublin’s fastest growing estate agents present to the investment market this centrally located red brick period residence converted into two self contained apartments. The residence itself retains many of its original period features and is converted into 1 x 1 bed apartment and 1 x 2 bed apartment. The property is fully tenanted under short term 12 month lease agreements and Yields on offer of c8.45%, €36,192 per annum with potential for further uplift with 4% increase. 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- €1560 per month, €18,720 per annum (rising to €19,468.80 following 4% increase)

Apartment 2- €1456 per month, €17,472 per annum ( rising to €18,170.88 following 4% increase)

Accommodation
The one bedroom apartment accommodation comprises of open plan kitchen/living/dining area, master bedroom and main bathroom

The two bedroom apartment comprises of similar with two large bedrooms

Main Services: Mains Water- Main Sewerage- Electric heaters-

‘Location, Location, Location’ This property is centrally located 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: Offers in excess of €410,000

FEATURES

-Investment Opportunity- Attracting annual income of €36,192 per annum or 8.45% gross annual yield

-Period residence split into two self contained apartments, 1 x 1 bed and 1 x 2 bed

-c 1905 period red brick terrace residence (retaining many original features) in sought after locality close to DIT Campus

-Transport links make this investment highly desirable- close to luas line. Walking distance to Dublin city centre and large hospitals, all amenities etc

-On street disk parking

-Small rear garden

-An exciting investment opportunity

 

Location

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