SUPERB OPPORTUNITY TO ACQUIRE A DOUBLE-FRONTED GEORGIAN RESIDENCE, WITH FULL PLANNING PERMISSION FOR FOUR APARTMENTS, LOCATED AT THE CORNER OF RATHMINES ROAD AND CANAL ROAD AT PORTOBELLO BRIDGE. 3 X 1-BED APARTMENTS AND 1 X 2-BED APARTMENT. REQUIRING TOTAL REFURBISHMENT, THE PROPERTY COMPRISES C. 3286 SQ.FT. OF ACCOMMODATION OVER THE FOUR FLOORS. GARDENS TO FRONT AND SIDE OF BUILDING. LISTED CONSERVATION PROPERTY. LOCATED IN A PRIME LOCATION FOR APARTMENT RENTAL, WITHIN CLOSE PROXIMITY OF SOUTH-CITY CENTRE AND CHARLEMONT LUAS STATION AT GRAND PARADE.
CLOSING DATE FOR FINAL BIDS: FRIDAY 23RD JUNE 2017.
Situated at La Touche Bridge, on the junction of Canal Road, Lower Rathmines Road and Richmond Street South. The location benefits from close proximity to Dublin City Centre, central Business District, LUAS station at Charlemont Bridge/Grand Parade, several bus routes on Lower Rathmines Road. High demand levels for apartment rentals from young professionals requiring easy proximity to work and leisure.
Full grant of Planning Permission dated January 2011 for four apartments (3 x 1-bed apartments & 1 x 2 bed apartment), one per floor in the building. (Ref: 3110/10; P2935, 27/11/2010 & revised). Total completion required on the project. Variation to 2 x duplex apartments on ground & lower-ground floors.
Top two floors comprising 1 bedroom, Living/diningroom, bathroom. Hall & lower ground floors comprising 1-bedroom duplex and a 2-bedroom duplex.
Located adjacent the Grand Canal at La Touche Bridge. Gardens to front and side of property.
305.3 SQ.M / 3286 SQ.FT GROSS-INTERNAL AREA ON FOUR-FLOORS.
C. €80,000 PER ANNUM ON STANDARD 12-MONTH FIXED-TERM TENANCIES.
SHORT-TERM RENTALS WOULD INCREASE GROSS INCOME.
PRICE – €760,000
We understand that there is no VAT applicable to the sale of this property. All Potential Purchasers should satisfy themselves in advance and seek professional tax advice.
PLANS & DOCUMENTS
Architectural drawings and full grant of Planning Permission documents available on request.
VIEWING Strictly by Appointment only.
At junction of Harcourt Road and Harrington Street/SCR, turn onto Richmond Street South and proceed over the Grand Canal at Portobello Hotel. The property is the first property on the left-hand side, adjoining Cheltenham Place.
CLOSING DATE FOR BEST & FINAL BIDS:
Friday 23rd June 2017 17.00hrs