Georgian Office Investment producing €121,296 per annum.
No.4 Waterloo Road is located in the heart of Dublin 4, just off Upper Baggot Street and Pembroke Road. The location offers a host of amenities including The Dylan Hotel, Donnybrook Fair, Avocca and Roly’s Bistro. Local pubs Searsons and The Waterloo are within two minutes-walk. There are an abundance of coffee shops including Starbucks, Insomnia, Coffee 2 Go and Cocu. Waterloo Road is also very well served with public transport.
The property which comprises 3,230 sq.ft (Gross Internal Area) laid out over 4 four floors. There are three floors of offices above an own door apartment. The property also has the added benefit of six car spaces to the front of the building. The offices and car spaces are let to seven individual tenants with a mixture of lease expiries from August 2022 to August 2024. The office element produces an annual income of €104,496. There is an own door one bedroom apartment at garden level. This is leased at €1,400 per month. Therefore, the combined annual income is €121,296. Should an owner occupier require vacant possession this can be achieved by the end of 2022. The building is in excellent condition and will not require any significant refurbishment by an incoming purchaser.
We feel that this is a very attractive property which will appeal to income investors, owner occupiers or even those interested in conversion back to residential given its prime Dublin 4 location.
The property is being offered for sale by private treaty seeking offers in the region of €1.65m
300 sq.m (3,229 sq.ft) over 4 floors.
Garden level own-door one bedroom apartment
Hall, first and second floors in office use
By appointment only. Contact Aidan Hora on 087 2839419