Kelly Bradshaw Dalton in partnership with The Leinster Property Auction
Offers at bids over €1,350,000
INVESTMENT OPPORTUNITY / SUPERB LOCATION / 12 APARTMENTS
This is a fantastic Investment Property offers a strong yield of c. 9%.
Current rent is €107, 457.48 and with increase due is €121,895.05. This offers a yield of c. 9% on a starting bid of €1.35m which is very strong. The rents are much lower than market rent so there is potential for uplift here also once rent control regulation can be adhered to.
There is also further development potential on this large site o c.0.25 acres subject to the necessary planning permissions.
Currently laid out with 12 self-contained residential units this property is situated in a convenient and mature location close to the City Centre, Stoneybatter, Phibsboro and the Phoenix Park. There is also 12 parking spaces on the site.
Another strong location feature is the proximity to The Grange Gorman Campus. Ideal for Student Accommodation while also being suitable for long term rental.
This fine red brick investment property/development site is within walking distance of Phibsboro Village and comes to the market having been well maintained throughout the years by the current owners. Dublin City Centre is also within easy access as is the M50, M1 and Dublin Airport.
Flat 1 - A Studio Flat
Flat 2 - A 1 Bedroom Flat
Flat 3 - A Studio Flat
Flat 4 - A Studio Flat
Flat 5 - A 1 Bedroom Flat
Flat 6 - A Studio Flat
Flat 7 - A Studio Flat
Flat 8 (1A) - A Studio Flat
Flat 9 - A 1 Bedroom Flat
Flat 10(63A) - A 1 Bedroom Flat
Flat 11 - A 1 Bedroom Flat
Flat 12 - A 1 Bedroom Flat
Quarter of an acre site
Investment Property divided into 12 Self Contained Units.
Superb investment opportunity
Parking both front and rear for c.12 cars
Total Floor Space: 365.25 m.sq.
BER Details: BER E
Driving towards The Phoenix Park on the North Circular Road, take a right turn at Hanlon's Corner on to Old Cabra Road. No 63 Old Cabra Road will be located on the left hand side marked clearly with a For Auction Sign.
TO VIEW OR MAKE A BID - Please contact Kelly Bradshaw Dalton +353 1 8040500 or www.leinsterpropertyauction.ie on 01 687 5040
*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. The buyer will be granted 28 days from the date of exchange to complete the purchase. 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 home more energy efficient and reduce your energy costs. All homes 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 home 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 homes are measured using the same calculations, so you can compare the energy efficiency of different properties.
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A non-refundable contract deposit of 10% (minimum deposit of €20,000.00) is required to be paid by the successful bidder for this property.
The minimum deposit amount noted above 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 bank draft (made out to iamsold), same day bank transfer to iamsold's client account or by debit card.
All unsuccessful bidders will have their pre-authorisations released immediately 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.
A 10% non refundable contract deposit (minimum deposit of €20,000.00) is payable immediately on the fall of the hammer for a successful bid. The deposit must be paid in cleared funds either by Bank Draft (made out to iamsold) or by Debit Card.
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.