165 Drumcondra Road Lower Drumcondra, Dublin 9 County Dublin, Ireland D09 C5C2Sale Agreed, For Sale 124.00 sqm approx
Excellent mixed use investment opportunity situated in a prominent position on the main thoroughfare in Drumcondra, Dublin 9.
The property is located in the heart of Drumcondra. Drumcondra is a popular and well established residential and retail location and is an inner suburb on the Northside of Dublin. The subject property is situated approx. 2 km north of OConnell Street. There are numerous Dublin Bus routes servicing the area as well as a train station.
Nearby occupiers include Allied Irish Bank, Fagans Public House and St. Patrick's College (DCU).
The property comprises a mid terraced mixed use building which provides commercial accommodation at ground floor level and a two bedroom apartment on the upper floors. The ground floor is occupied by an estate agents and extends to 65.42 sq m (704 sq ft). The residential accommodation comprises a spacious two bedroom apartment and extends to 87.99 sq m (947 sq ft). The apartment benefits from own door access from the street and benefits from spacious attic space. There is a patio / yard to the rear of the property.
The entire is let to Vincent Kelly t/a Kelly Bradshaw Dalton under a 10 year lease from 19th August 2019 paying a rent of €45,000 per annum.
Seeking offers in excess of €530,000 which equates to a Net Initial Yield of 7.72% after standard purchasers costs.