3 Prussia Street, Stoneybatter, Dublin 7

Sale Agreed

Beds
Price	Sale Agreed
Property Type	Investment
Size	330 meters²
Energy Rating	BER-B2
Refreshed on	Aug 7, 2024
Eircode	D07AE3F
Group Name	REA Fitzgerald Chambers
Sales License Number	001642

Description

This is an excellent opportunity for an investor or owner occupier/ business operator to acquire a ready to go investment with a consistent current market rent of €89,136 per annum. The building enjoys a prominent position on Prussia Street at the junction with Manor Street and beside the pedestrian access to Technology University Dublin, alongside a number of other cafes and food outlets. Completely rebuilt to a high standard in 2006 (planning reference 0306/03) the property extends to 330m2. The building consists of two duplex apartments, a three bedroom and a two bedroom and a large commercial unit (120m2) with full planning permission (planning ref 2796/10) and fire certificate for restaurant use. The restaurant is laid out with kitchen, staff, toilet and seating areas and while currently vacant after the landlord requested a return of the lease, it had been rented continually at €2,500 per month. This has potential to be increased substantially over time. The three-bedroom duplex apartment has been rented on a consistent basis since complete but has been left vacant for viewing purposes. The previous rent was €2,590 per month but the rent had not been revised for a number of years and the current rent pressure zone maximum permissible rent is €2,796 per month. The apartment has been recently updated and is laid out with open plan kitchen/ dining/ sitting room and separate laundry room/ storage at first floor and a roof garden and three large double bedrooms at second floor. The apartment also has solar panels installed and a BER rating of B2. The two-bedroom duplex is arranged with open plan kitchen/dining/sitting room and a very large private roof garden at first floor, two large double bedrooms and bathroom and is currently rented at €1,950 per month. The rent has not been revised for a number of years and the maximum permissible revised market rent is €2,132 per month. The apartment has a BER rating of C1. Common areas, fire escape and bin stores complete the residential and commercial elements of the building. Current Rent 2 Bed Apartment - €23,400 P.A. 3 Bed Apartment - €31,080 P.A. Restaurant/ Commercial Unit - €30,000 P.A. Market Rent 2 Bed Apartment RPZ Permissible Rent Euro - €25,584 P.A. 3 Bed Apartment RPZ Permissible Rent Euro - €33,552 P.A. Restaurant/ Commercial Unit Market Rent (No Limitation - €30,000 P.A Total - €89,136 P.A.

BER Details

BER: B2 BER No.112887245 Energy Performance Indicator:123.15 kWh/m²/yr

Description

BER Details

BER: B2 BER No.112887245 Energy Performance Indicator:123.15 kWh/m²/yr