Commerical
– City centre multi-family investment opportunity
– 14 apartments and vacant ground floor commercial accommodation for sale in one lot.
– Comprises 11 two-bedroom apartments and 3 one-bedroom apartments.
– Fully occupied residential investment generating current rental income of €258,672 per annum, reflecting an average monthly rent of just €1,540 per apartment.
– Attractive gross yield of approximately 6.7% based on the guide price. Vacant ground floor commercial accommodation offering an asset management opportunity.
– Potential for conversion of the ground floor commercial accommodation to additional residential units.
– Dublin City Centre location adjacent to the IFSC and Dublin Docklands
– Excellent public transport connectivity with Connolly Station, Luas and Dublin Bus services all within walking distance
– Tenants not affected by the sale.
Investment
The property comprises a fully occupied residential investment generating current rental income of €258,672 per annum, reflecting an average monthly rent of just €1,540 per apartment. The residential accommodation comprises 14 apartments, including 11 two-bedroom apartments and 3 one-bedroom apartments. The vacant ground floor commercial accommodation offers an asset management opportunity, with potential for conversion to additional residential units.
Accommodation
6 & 7 Mabbot Lane comprises 14 apartments together with vacant ground floor commercial accommodation, offered for sale in one lot. The residential element is fully occupied, while the commercial accommodation provides an opportunity to enhance value through leasing, refurbishment or alternative use, subject to the necessary consents. The property includes vacant ground floor commercial accommodation, providing opportunities for leasing, owner occupation or alternative use, subject to the necessary consents.
Location
The property occupies a prime Dublin City Centre location adjacent to the IFSC and Dublin Docklands. Excellent public transport connectivity is provided by Connolly Station, Luas services and Dublin Bus routes, all within walking distance. The location benefits from immediate access to a wide range of employment, retail, leisure and transport amenities in one of Dublin’s most established and sought-after residential and commercial districts.