For sale by Quantum Property Consultants via the iamsold Bidding Platform
We are delighted to bring to the market this recently redeveloped three -bedroom house with ancillary retail space and large workshop / lock up unit to the rear. This property can be either a fantastic home with the benefit of two income producing units once let or indeed an excellent investment opportunity if the discerning buyer were to let out the three-bedroom house, main street retail unit and rear lock up unit. In our opinion the Estimated Rental Value is circa €51,000 per annum for the entire which gives a yield more than 10% to the eventual buyer. The property is available with full vacant possession.
The three-bedroom house circa 85 Sq. Mtr. or 915 sq. ft was extended and renovated in 2019 to a very high standard. It has new windows throughout and has been built to A-Rated standards. It is fully insulated above, below and on the internal walls.
The apartment consists of an entrance hallway with solid wooden laminate flooring; a small utility with a new modern washer/dryer, a storage area/cloakroom, a downstairs bathroom with an electric shower, a large light-filled open-plan kitchen (with all mod cons)/dining/living room with large double- glazed windows and sky lights that provide great light for this large living area. The living room opens out onto the paved courtyard with outdoor space ideal for BBQ’s & morning coffees.
Upstairs there is two large double bedrooms, a standard double sized bedroom, and a bathroom with a shower, WCH and WC.
The property has a new high-efficiency combi-gas boiler, so constant hot water, and a pump giving strong water pressure. The house is also fully alarmed with a new wireless alarm system.
Following a successful planning application, the property was extended and fully redeveloped in 2019 and has all the necessary certifications etc. The works included insulation, rewiring, new plumbing, fire and sound proofing and all combined have brought the building in line with modern building standards. This recent redevelopment means that the property is ideally suited to an investor looking for a hassle free, high yielding property located close to the city centre.
There is also an opportunity to further develop the Industrial Unit (Subject to PP).
Located on the busy Crumlin Road, close to the Dolphin Road junction, the property is only 3KM to Christchurch and Dublin’s main historic and cultural area of Dublin 8 including Thomas Street, Francis Street where the area is a hub of activity with a wide range of amenities including bars, restaurants and cafes together with Vicar Street (concert venue), The National College of Art & Design (NCAD) and both the Guinness Storehouse and Christ Church - two of Dublin's most famous tourist attractions. There are numerous hotels and student accommodation centres and distilleries, adding to the eclectic atmosphere oozing from the area.
The property enjoys excellent transport links with numerous bus routes serving the area, providing connectivity to the city centre and suburban locations. The Red LUAS line is accessible at Suir Road only a 4-minute walk away.
Residential / Retail & Lock Up Unit.
171 Sq. Mtr. / 1840 Sq. Ft.
ERV €51,000 per annum
Yield of more than 10% when fully let.
Scope for further development, subject to the relevant planning permission.
BER C3 / BER No.109014084
TO VIEW OR MAKE A BID Contact Quantum Property Consultants or iamsold, www.iamsold.ie
*Please note all properties are subject to a starting bids price and an undisclosed reserve. Both the starting bid and reserve price may be subject to change. Terms and conditions apply to the auction, which is powered by IAM Sold Property Auctions.
This property is offered for sale by unconditional auction. The successful bidder is required to pay a 10% deposit and contracts are signed immediately on acceptance of a bid. Please note this property is subject to an undisclosed reserve price. Terms and conditions apply to this sale.
Building Energy Ratings (BERs) give information on how to make your property more energy efficient and reduce your energy costs. All properties bought, sold or rented require an BER. BERs carry ratings that compare the current energy efficiency and estimated costs of energy use with potential figures that your property could achieve. Potential figures are calculated by estimating what the energy efficiency and energy costs could be if energy saving measures were put in place. The rating measures the energy efficiency of your home using a grade from ‘A’ to ‘G’. An ‘A’ rating is the most efficient, while ‘G’ is the least efficient. The average efficiency grade to date is ‘D’. All properties are measured using the same calculations, so you can compare the energy efficiency of different properties.
85 Sq. Mtr
3.6m x 6.2m.
Wooden laminate flooring, modern kitchen with all mod-cons and integrated units. Sliding door to patio, Velux windows, wired for Virgin media.
1.38 x 2.3m.
Floor to ceiling tiles, toilet, WHB with storage shower unit.
1.9m x 9.0m.
Wooden laminate flooring, floor to ceiling cupboard storage. Utility space for washer & dryer. Alarm & fire protection system.
1.9m x 2.6m.
1.8m x 1.8m.
Toilet, WHB with storage and shower unit.
3.9m x 3.1m.
Carpets, curtains, space for desk & extra storage and access to attic.
2.9m x 3.9m.
Carpets, venetian blinds, curtains, space for desk & extra storage.
2.9m x 2.6m. Carpets, venetian blinds, and curtains.
35 Sq. Mtr.
3.7m x 8.1m.
Wooden laminate flooring, alarm & fire protection system. Motorised roller shutters.
1.3m x 1.6m.
Toilet, WHB and water heater.
The retail unit was recently rented to a beauty salon with a monthly rent of €1,250. It has been freshly painted, has wooden laminate flooring, is plumbed for a sink, and comes with a rear bathroom with a toilet and a WHB. There is a monitored fire-protection system, a mechanical roller shutter and is alarmed.
Rear Lock Up - 51 Sq. Mtr.
5.8m x 8.9m. 4m in height. The large rear lock up has a high galvanized roof, electricity, running water and a bathroom. It is accessed via the laneway adjacent to Crumlin Road and is wide enough to facilitate a large van. It would be ideal for usage use as a storage facility, a workshop or garage. There is also the option to convert this large space into an office / studio or integrate it into the residential unit (Subject to PP)
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A non-refundable contract deposit of 10% (minimum deposit of €6,500.00) is required to be paid by the successful bidder for this property.
A Bidder Security Deposit of €10,000.00 is required to be pre-authorised from the bidders debit or credit card through the payment facilities on the auction website when registering to bid. A bidder has also the option of transferring the minimum deposit amount by bank transfer to iamsold's client account to authorise them to bid on the Online Auction (please note, this option may take several days).
The pre-authorisation amount will only be captured from the successful bidder on acceptance of their bid. This will form part of the non-refundable part payment contract deposit.
Any balance of the full contract deposit must be paid by the successful bidder to iamsold within 48 hours of acceptance of their bid. The deposit balance can be paid by debit/credit card, or same day bank transfer to iamsold's client account.
All unsuccessful bidders will have their pre-authorisations released OR their bank transfer refunded within 5 working days of conclusion of an auction or withdrawal of the Lot from the Online Auction.
Bidders are required to pay a non-refundable €50.00 (including 23% VAT) registration fee per property they register to bid on.
For further information or to speak to one of our team, please call 01 687 5040.
These particulars, whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements or representation of fact, but must satisfy themselves by inspection, measurement or otherwise as to their accuracy. No person in this firms employment has the authority to make or give any representation or warranty in respect of the property. Properties may be sold via online auction or public auction and bids made prior to public auction may be accepted by the vendors. IAM Sold and our partner auctioneer will share relevant personal information and transactional updates with each other so that we can effectively market and sell properties including the arrangement of viewings and follow up.