57 Marlborough Road, Donnybrook, Dublin 4.D04 H9Y4

€2,200,000

Description

Hibernian Estates- Dublin’s fastest growing estate agents present to the investment market this prime pre 63 two storey overbasment period property split into 11 units, fully let with an annual rent roll of
c €160,000 rising to €163,000 (following 4% rent increase notices). Fully refurbished to exacting standard with full pre 63 declaration this is an exciting investment opportunity and will appeal to local & overseas clients seeking an attractive yield of 6.5 %.Located in one of Dublin’s most prestigious neighborhoods.

The Entire Building extend to c 3475 sq ft, and retain much of its period charm. This is rare opportunity to acquire a pre 63 of this calibre with full fire certificate, Dublin City Council compliance certificate etc. The front driveway offers parking for three/four cars .

All tenants are in occupation under 12 month lease agreements. Breakdown of Units/ rent levels are as follows.

Apartment 1- 1 Bed, €1500 per month, €18,000 per annum (rising to €18,720 following 4% increase)

Apartment 2- 1 Bed, €1500 per month, €18,000 per annum (rising to €18,720 following 4% increase)

Apartment 3- 1 Bed, €1500 per month, €18,000 per annum (rising to €18,720 following 4% increase)

Apartment 4- 2 Bed, €1768 per month, €21,216 per annum (rising to €21,286.72 following 4% increase)

Studio 5- €850 per month, €10,200 per annum (rising to €10,608 following 4% increase)

Studio 6- €910 per month, €10,920 per annum (rising to €10,956.40 following 4% increase)

Studio 7- €1100 per month, €13,200 per annum (rising to €13,244 following 4% increase)

Studio 8- €1100 per month, €13,200 per annum (rising to €13,244 following 4% increase)

Studio 9- €1100 per month, €13,200 per annum (rising to €13,244 following 4% increase)

Studio 10- €1100 per month, €13,200 per annum (rising to €13,244 following 4% increase)

Studio 11- €884 per month, €10,608 per annum (rising to 11,032.32 following 4% increase)

Accommodation

Main Building

Main Entrance Hallway/Reception Area ( c1.86 m x c3.03m) + (c2.12m x c3.19m)

Beautiful original period door with overhead sun light leading to spacious entrance reception area/hallway, newly laid timber flooring, high ceilings, ornate plasterwork, original coving, archway

3 x Studio Apartments & 1 x 2 Bed Apartments are located on this floor. All studio/apartments have modern timber flooring, modern kitchen units, bathroom units & pull down beds recently installed in all studio apartments in the building. Each unit has newly installed electric heaters and pre pay power. All units attract ample natural light with the front units boasting large bay windows (fully restored throughout)

On the under basement/garden level section 1 x 2 bed apartment, 2 x 1 bed apartment and 1 studio apartment are located on this floor

On the 2nd floor 3 x studio apartments are located on this floor (please see floor plans for guidance)

One of the garden level units has own door access

Communal laundry facilities are located in the rear section of the property with large yard abutted by beautiful stone walls.

Main Services: Mains Water- Main Sewerage- Pre Pay Electricity meters

Heating: Modern Electric Storage Heating

BER: Exempt

‘Location, Location, Location’ Donnybrook is a beautiful tree lined neighborhood within walking distance of city centre hosting a range of large employers, Facebook, Linkedin, KPMG etc. Muckross college an elite secondary school is located directly across from the property with large third level university also within walking distance. Sydney Parade DART is also within walking distance of the property.

Guide Price: In the region of €2,200,000

Location

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