71 Thomas Street, Dublin 8

Investment property For Sale

€600.000

Overview:

Available to Move in:

Now

Property Description:

Excellent opportunity to acquire a mixed use investment on one of Dublin most vibrant streets.

On the ground floor there is a takeaway restaurant that is mid-way through a 10 year lease. They are currently paying 16,200 pa and the rent is due for review in August 2017. The current open market rental value would be 18,000 pa. There is a side entrance accessing two apartments. The first floor apartment is a one bedroom unit that is being rented for 9240 pa. It is in need of some modernization and reconfiguration to make best use of the space. Assuming this was done, the open market rent would be 19,200 pa. The second floor apartment is a two bedroom unit that is being rented for 11,400 pa. Again this is in need of modernization and reconfiguration. The potential rent one could expect is 21,600.

71 Thomas Street enjoys an excellent location in one of Dublin oldest districts. The street itself is home to Vicar Street music venue and the National College of Art & Design. There is a host of fashionable retailers and coffee shops on the street. College Green is only a short walk away with all the services and amenities the city has to offer.

David Brock

Brock DeLappe Sales Agent

Brock DeLappe was established by David Brock and Kevin Delappe in 2004. Both directors have extensive experience in the residential property industry and have brought their individual skill-sets together to provide effective property solutions.

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