Description

MOVEHOME ESTATE AGENTS ... are delighted to offer a fantastic development opportunity with planning permission GRANTED for 114 bed accommodation for students and a Cafe located on the ground floor, which is located directly opposite the large DCU campuses, in the very heart of Drumcondra Village. Extending to 0.48 acres, the lot currently contains three houses, two of which are laid out in serviced offices, and the third is currently a residential dwelling and all three have vacant possession. Located at Nos 116, 118 and 120 Upper Drumcondra Road on the eastern side of the main Road, it is directly opposite The Skylon Hotel and Lidl supermarket and is also between two DCU campuses – All Hallows to the rear, and St Patrick’s College directly opposite. This development opportunity is an ideal investment, as during the summer months it can be Let to our numerous tourists visiting Dublin and in September gain full occupancy from the student attending the colleges opposite. This prominent development opportunity is located within walking distance of the City Centre and convenient to the numerous shops, cafes, bars and restaurants Drumcondra Village & Glasnevin Villages have to offer. St Patricks College, Croke Park and ABC Drumcondra are within easy walking distance and there are a variety of good sports clubs, national and secondary schools locally. The Four Courts, King's Inns, and the Mater Hospital are all easily accessible. Commuting further afield is made very easy with the M50 Motorway, The M1 and Dublin Airport within a few minutes' drive. The area is very well serviced by public transport, through numerous bus routes which pass close by and Drumcondra Rail station. Early viewing is essential to appreciate all this wonderful investment has to offer and can be arranged with MOVEHOME ESTATE AGENTS ... on 01-8844690 PERMISSION GRANTED FOR THE FOLLOWING .... Level No. of Bedspaces Area (sq m) Basement N/A 310 sq. mtrs. Ground Floor 28 beds + Café ( of 65.9 sqm) 904 sq. mtrs. 1st Floor 38 beds 878 sq. mtrs. 2nd Floor 28 beds 633 sq. mtrs. 3rd Floor 20 beds 497 sq. mtrs. TOTAL 114 beds (+ Café/Bistro) 3,222 sq/ mtrs

Accommodation

CURRENT ACCOMMODATION DETAILS *** Address: 116, Upper Drumcondra Road *** * Folio@: DN226113F * Title Freehold: unencumbered * Built: Pre 1964 * BER E1 (5th October, 2021) * Description: Semi-detached * Use: Residential * Layout: Ground Floor – 4 rooms, 2 x bathrooms, 1st Floor – 4 rooms, 1 bathroom * Status: Vacant Posession * Parking: 4 spaces * Rent: Estimate €45,000 PA *** Address: 118, Upper Drumcondra Road *** Folio: N/A - Registry of Deeds Title Freehold: Unencumbered Built: Pre-1964 BER: D1 (7th October, 2021) Description: Semi-detached Use: Commercial Layout: Ground Floor – 4 rooms, 1 bathroom, 1st Floor – 4 rooms, 1 bathroom, 2nd Floor – 3 rooms Status: Vacant Parking: 4 spaces Rent: Gross rent – c. €70,000.00 €30K - ground floor - 2 parking spaces €25K - first floor - 2 parking spaces €15K - second floor - no parking space Less Expenses - c. €12.5/ 15K Net rent - c. €57.5/55K *** Address: 120, Upper Drumcondra Road *** Folio: DN243716F Title Freehold: unencumbered Built: Pre-1964 BER: D1 (7th October, 2021) Description: Detached Use: Commercial Layout: Ground Floor – 4 rooms, 1 bathroom, 1st Floor – 4 rooms, 1 bathroom, 2nd Floor – 3 rooms Status: Vacant Parking: 4 spaces Rent: Gross rent – c. €70,000.00 €30K - ground floor - 2 parking spaces €25K - first floor - 2 parking spaces €15K - second floor - no parking space Less Expenses - c. €12.5/ 15K Net rent - c. €57.5/55K

Features

* Full planning permission GRANTED * Dublin City Council Notification of Grant of Permission dated 1st October, 2021 (Ref. 3045/21); * Purpose built Professionally Managed Student Accommodation Development; * 114 bed-spaces + Spacious Café/Bistro; * Potential for further development, subject to PP (i.e. extra floors/different design/more bedspaces); * Excellent Summer Rental Opportunity for Tourists * CGI’s revised Reg. Ref. 3045/21; Zone: Z1; * There are no Conditions specified as part of the decision documentation of relevance (Reg. Ref. 4533/19, Reg. Ref. ABP307422 or Reg. Ref. 3045/21) that prevent the Café being leased to a third party; * Laundry facilities are provided at basement level. * An excellent development opportunity in the center of Drumcondra * Third Busiest route into Dublin City & Expanded bus lanes * Over 20,000 vehicles drive past the property everyday

Directions

Coming from the City Centre out along the Drumcondra Road through the village, look to the right opposite The Skylon Hotel just before you come to the junction at Homefarm Road, No.116, 118 & 120 is located on your right hand side. The property has a MOVEHOME For Sale Sign and Griffith 118 & 120 is ideal for visitor parking for the open viewings.

Viewing Details

Early viewing is essential to appreciate all this wonderful Development Opportunity has to offer and can be arranged with MOVEHOME ESTATE AGENTS ... on 01-8844690