The properties are pre-63 houses that can be refurbished & extended

Located within a 3 minutes walking distance of Sandymount Village and a host of amenities

This property may be converted back into 2 large period houses

A developer may look to extend and develop 4 large apartments within the existing houses

Objective to protect and improve the amenities of residential conservation areas

Location

28 & 30 Sandymount Road is located in a prime south Dublin location within 300 metres walking distance from Sandymount Village and a host of shops, cafes and restaurants including Tesco supermarket and Spar. The property is located on a very sought after and high-profile road that is within a short walking distance of Sandymount green, Ballsbridge, the Coast Road, Irishtown, Barrow Street and the Docklands.

There has been increased residential demand from Google and other large IT and Financial Services staff from Dublin 2/4 and the Silicon Docks area looking for residential rental properties that are within walking or cycling distance from their offices. Given the severe lack of supply, rents and prices in the Sandymount area have continued to rise.

The Sandymount area would also be very attractive for the elderly/ empty nester market that are looking for apartments/ townhouses that are located within a short walking distance of Sandymount Village.

Description

28 & 30 Sandymount Road are pre-1963 properties that would have originally been 2 separate two storey period houses before they were refurbished and converted to accommodate 8 individual tenants on a rectangular site of approximately 0.38 acres. There is also established residential use for a large single storey chalet in the garden of number 30. There are currently three pedestrian entrance gates to the west of the property that leads on to Sandymount Road. We understand that the main houses comprise 2 large two storey period red brick buildings of approximately 320 sq m (3,444 sq ft) that have been fitted out to accommodate 8 bedrooms and kitchen, dining and living areas.  The main houses are in reasonably good condition but will need refurbishment works.

A purchaser may look to amend the current residential layout and convert the property back from apartments to accommodate 2 large private houses of approximately 160 sq m (1,722 sq ft). There may also be potential to refurbish the existing bedrooms and look to extend the rear of the property by up to 500 sq ft per house over 2 floors. We would see very strong rental or purchase demand for newly refurbished properties in this immediate area.

We understand that the single storey chalet building has created an established residential use in the back garden, this could be knocked and replaced with a small bungalow subject to planning permission

Rental Income    approx. €145,000 p.a.

Further information on the rental income and tenancy schedule is available upon request