20 Castle Street, Dalkey, Co. Dublin

Acquired Off Market – €1.1M

 

Quantum Property Consultants brings to the market this excellent investment opportunity located at 20 Castle Street, Dalkey, Co. Dublin.

Investment Highlights

6 Commercial Properties in Total – Consisting of:

• Retail Premises at Ground Floor Level
  (Fruit & Veg, Celeste Hair & Beauty)
• 3 x Offices (Short Term Leases 1 – 2 Years
  Remaining) with Planning Permission for
  Residential
• Current Passing Income €91,075
• Net Initial Yield 7.6%

Asset Management Opportunity:

Units 20C, 20D and 20E are located on the first floor and have full planning permission for residential
accommodation. It is estimated that the rent would increase from €34,000 to €47,000 after carrying out the works necessary to covert the offices to residential and it is also worth noting that the capital value following the conversion would increase by an estimated €400,000, providing an excellent investment opportunity for a savvy investor.

Description:

The properties are a mix of modern retail & office units built over two stories.

Location:

The subject property is situated on the Northern side of Castle Street, the main thoroughfare of
Dalkey, a vibrant Southside coastal village located approximately 15KM from Dublin’s City Centre. The property is surrounded by excellent amenities including boutiques, delicatessens, restaurants, cafes, bars and specialist wine and food shops. Dalkey is one of the most desirable postal addresses in Dublin. The area is well serviced by the Dart, Dublin Bus and the M50 & N11 motorways are only minutes away.