Mixed Use | Sale
Get Property estate agents are delighted to bring this high yield, mixed use investment opportunity with vacant possession to the sales market. Located on the Crumlin Road thoroughfare, this is a central property which always enjoys enormous demand for its three components of retail, residential and warehouse units.
This property is separated as a ground floor commercial premises with off-street parking at the front, an adjacent 2 story 3-bedroomed residential property, and a large warehouse at the rear. With an ERV of €56,000 providing a potential yield of circa 10% this is ideally suited to investors, a pension, or business owners who wish to live beside their business.
Retail unit: €16,000 p.a. Residential unit: €30,000 p.a. Warehouse / Industrial : €10,000 p.a.
Following a successful planning application, the property was extended and fully redeveloped in 2019 as has all the necessary certifications etc. The works included insulation, rewiring, new plumbing, fire and sound proofing and has brought the building in line with modern building standards. These recent redevelopment means that the property is ideally suited to an investor looking for a hassle free, high yielding property located close to the city centre.
There is also an opportunity to further develop the Warehouse / Industrial Unit (Subject to PP).
3 bedroom Apartment Totalling 85 sq m the three bedroom apartment was extended and renovated in 2019 to a very high standard. It has new windows throughout and has been built to A-Rated standards; it is fully insulated above, below and on the internal walls (BER to follow).
The apartment consists of an entrance hallway with solid wooden laminate flooring; a small utility with a new modern washer/dryer, a storage area/cloakroom; a downstairs bathroom with an electric shower; a large light-filled open-plan kitchen (with all mod cons)/dining/living room with large double- glazed windows and sky lights that provide great light for this large living area. The living room opens out onto the back garden that is currently being landscaped with a stone patio area ideal for BBQ. Upstairs there is another bathroom with a shower; 2 very-good sized double bedrooms and another decent double bedroom.
The property has a new high-efficiency combi-gas boiler, so constant hot water, and a pump giving strong water pressure. There is free on-street parking just around the corner. The house is also fully alarmed with a new wireless alarm system.
Accommodation: Living room/Kitchen 3.6m x 6.2m Wooden laminate flooring, modern Kitchen with all mod-cons & integrated units, sliding door to patio, Velux windows, wired for VIRGIN media Bathroom room 1.38 x 2.3m Floor to ceiling tiles, toilet, whb with storage, shower unit Hallway 1.9m x 9m Wooden laminate flooring, floor to ceiling cupboard storage, utility space for washer & dryer. Alarm & fire protection system. Landing 1.9m x 2.6m Carpets Bathroom 1.8m x 1.8m Toilet, whb with storage, shower unit. Bedroom 3.9m x 3.1m Carpets, curtains, space for desk & extra storage, attic access Bedroom 2 2.9m x 3.9m Carpets, venetian blinds, curtains, space for desk & extra storage Bedroom 3 2.9m x 2.6m Carpets, venetian blinds, curtains.
Retail unit Totalling 35 sq m, the retail unit was previously rented as a successful beauty salon with a monthly rent of €1,250 - set in 2016. It has been freshly painted, has wooden laminate flooring, is plumbed for a sink and comes with a rear bathroom with a toilet and a whb. There is a monitored fire-protection system, a mechanical roller shutter and is alarmed.
Warehouse Totalling 51 sq m, the warehouse at the rear has a high galvanised roof, is insulated, has electricity, running water and a bathroom. It is accessed via the laneway adjacent to the and is wide enough to facilitate a large van. It would be ideal to be used as a storage facility, a workshop or garage. There is also the option to convert this large space into an office / studio or integrate it into the residential unit (Subject to PP).
The commercial premises and the rear warehouse are both currently vacant, while the occupants in the apartment have been served notice to leave, with the notice expiring in September 2022.
Conveniently located on city side of the Crumlin Road, adjacent to the canal, this high-profile property will ensure good footfall for any business that opens here. The surrounding area enjoys a number of small businesses, public amenities and large residential developments that will further enhance the property's appeal, while it is also close to Sundrive, Crumlin Village, Crumlin Hospital, along with numerous excellent schools, and sports and social clubs.
The property is serviced by numerous bus routes: The 56a Runs from Tallaght to Barrow Street in Ringsend and the 77a runs from Citywest to Barrow Street in Ringsend. The 151 runs from Foxborough to East Road in the Docklands, the 121 from The Navan Road in Dublin 7 to Drimnagh, the 17 from Rialto to Blackrock and the 18 from Palmerstown to Sandymount, making all areas of the city easily accessible.
This property is in very good condition and with its high-profile location, and strong yield is very appealing as an investment vehicle, and viewing is highly recommended. To arrange a viewing please complete the form to the right of this page or call Ryan O'Shaughnessy of Get Property Estate Agents on 0879828027. Private viewings shall take place by appointment only.
Get Property Estate Agents is fully licensed and regulated by the PSRA (002324).