Property investment opportunity in west Dublin

We have been tasked to assist with the sale of a property investment opportunity in west Dublin and we are trying to find a suitable purchaser for our client.

In summary, the property provides for;

• 6 x Apartments ranging from 500 – 775 sq.ft. (3 x 1 bed and 3 x 2 bed)
• 6 x ground floor office suites extending to approximately 1,959 sq.ft.
• A standalone office building extending to approximately 2,500 sq.ft.
• 26 x car parking spaces
• 100% occupancy with an annual rent roll of €142,200 p.a.
• Current running costs in the region of €16,000 – €18,000 p.a., say €17,000 p.a.
• Net effective rent of €125,200 p.a.

We are of the view, that the residential tenancies are substantially under rented and that this will be an attractive investment rationale for an incoming investor as they will retain the ability to increase the rent roll significantly in time. We are guiding a region of circa €1.5M to €1.6M.