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For sale by Kelly Bradshaw Dalton via the iamsold Bidding Platform
Please note this property will be offered by online auction (unless sold prior). For auction date and time please visit iamsold.ie. Vendors may decide to accept pre-auction bids so please register your interest with us to avoid disappointment.
We are delighted to present to the open market, 1 St. Alphonsus Road Lower, Drumcondra, Dublin 9. This is an exceptional semi-detached Pre '63 investment property contains 8 apartments.
The substantial three-bay, three-storey subject property built c.1890 stands proud in one of Dublin’s most sought after locations. Situated in the heart of Drumcondra Village, the well-known Saint Alphonsus' Road leads up to Iona Road.
Due to the superb location, this property provides investors a rare opportunity to secure a significant building in a prime central location, well-positioned to attract high-quality tenants.
Current Rents:
Flat 1 - €1,100
Flat 2 - €750
Flat 3 - €954
Flat 4 - €1,000
Flat 5 - €1,700
Flat 6 - €800
Flat 7 - €1,160
Flat 8 - €1,850
Total Monthly Rent: €9,314 giving an annual income of €111,768 giving a YIELD of 11.5%.
This is an impressive building approached by granite steps with chequered black and red terracotta tiles and cast wrought-iron railings. It will give all those that view it a picture of what could be one of the most spectacular properties in the locality.
The location of this property cannot be overstated; overlooking the grounds of Chapel Gate and located just off the main Drumcondra Road - walking distance to the City Centre. This address is one of the most sought after in Dublin and is located on the primary bus route to Dublin Airport.
Features
Pre '63 Investment Property
Superb, Prominent and Prime Location
Red Brick Property
Each Unit has its own Separate Electricity Metre
Yield of 11.5%
Apartment 1:
BER E2 / BER No. 106206535
Floor Area: 18.21 m2
Apartment 2:
BER G / BER No. 106206543
Floor Area: 18.32 m2
Apartment 3:
BER F / BER No. 106206550
Floor Area: 22.09 m2
Apartment 4:
BER E1 / BER No. 106206576
Floor Area: 19.96 m2
Apartment 5:
BER F / BER No. 106206600
Floor Area: 35.36 m2
Apartment 6:
BER G / BER No. 106206626
Floor Area: 14.6 m2
Apartment 7:
BER G / BER No. 106206634
Floor Area: 35.47 m2
Apartment 8:
BER E2 / BER No. 106206642
Floor Area: 45.48 m2
TO VIEW OR MAKR A BID Contact Kelly Bradshaw Dalton or iamsold, www.iamsold.ie
*Please note all properties are subject to a starting bid price and an undisclosed reserve. Both the starting bid and reserve price may be subject to change. Terms and conditions apply to the sale, which is powered by iamsold.
This property is offered for sale by unconditional auction. The successful bidder is required to pay a 10% deposit and contracts are signed immediately on acceptance of a bid. Please note this property is subject to an undisclosed reserve price. Terms and conditions apply to this sale.
Building Energy Rating (BERs) give information on how to make your home more energy efficient and reduce your energy costs. All properties bought, sold or rented require a BER. BERs carry ratings that compare the current energy efficiency and estimated costs of energy use with potential figures that a property could achieve. Potential figures are calculated by estimating what the energy efficiency and energy costs could be if energy saving measures were put in place. The rating measures the energy efficiency of your home using a grade from ‘A’ to ‘G’. An ‘A’ rating is the most efficient, while ‘G’ is the least efficient. The average efficiency grade to date is ‘D’. All properties are measured using the same calculations, so you can compare the energy efficiency of different properties.
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A non-refundable contract deposit of 10% (minimum deposit of €6,500.00) is required to be paid by the successful bidder for this property.
A Bidder Security Deposit of €20,000.00 is required to be pre-authorised from the bidders debit or credit card through the payment facilities on the auction website when registering to bid. A bidder has also the option of transferring the minimum deposit amount by bank transfer to iamsold's client account to authorise them to bid on the Online Auction (please note, this option may take several days).
The pre-authorisation amount will only be captured from the successful bidder on acceptance of their bid. This will form part of the non-refundable part payment contract deposit.
Any balance of the full contract deposit must be paid by the successful bidder to iamsold within 48 hours of acceptance of their bid. The deposit balance can be paid by debit/credit card, or same day bank transfer to iamsold's client account.
All unsuccessful bidders will have their pre-authorisations released OR their bank transfer refunded within 5 working days of conclusion of an auction or withdrawal of the Lot from the Online Auction.
Bidders are required to pay a non-refundable €50.00 (including 23% VAT) registration fee per property they register to bid on.
For further information or to speak to one of our team, please call 01 687 5040.
These particulars, whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements or representation of fact, but must satisfy themselves by inspection, measurement or otherwise as to their accuracy. No person in this firms employment has the authority to make or give any representation or warranty in respect of the property. Properties may be sold via online auction or public auction and bids made prior to public auction may be accepted by the vendors. iamsold and our partner auctioneer will share relevant personal information and transactional updates with each other so that we can effectively market and sell properties including the arrangement of viewings and follow up.
