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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 market The Eccles Townhouse located on 72-73 Dorset Street, Dublin 1.
Nestled in the heart of the city, The Eccles Townhouse offers discerning investors a unique opportunity to acquire a meticulously restored Victorian guesthouse with significant yield potential.
This fully operational 7-room property masterfully blends timeless architectural features with modern amenities.
Each room has been thoughtfully designed, preserving the character of the period with original windows and steel columns.
On the ground floor, the charming Café Bar enhances the property's appeal with its authentic 19th-century ambiance which has become a local favourite, adding an extra income stream.
The basement features additional seating and a fully equipped kitchen, offering flexibility for event hosting, expanded dining services, or private functions.
The Eccles Townhouse is a turnkey investment offering steady income and strong capital appreciation potential.
Whether you are an experienced hospitality investor or seeking to diversify into real estate with reliable yields, this property represents an exceptional opportunity.
Investment Options:
Option A:
Continue operating as a nightly accommodation business with a current income of €272,000 annually from room bookings. Additionally, there’s the potential to lease the café/bar space for an extra €40,000 per year, bringing the total possible revenue to €312,000. This leaves substantial room for running costs.
Option B:
Convert the property into a House of Multiple Occupation (HMO), with a rental income potential of €10,000 monthly (€120,000 annually) from the rooms. This includes:
Room 1 (Double, Single): €1,600/month
Room 2 (Small Double): €1,200/month
Room 3 (Double, Single): €1,600/month
Room 4 (Double): €1,400/month
Room 5 (Double): €1,400/month
Room 6 (Double, Single): €1,400/month
Room 7 (Double, Single): €1,400/month
Additionally, the commercial café/bar space can be leased for €40,000 annually, bringing the total potential income to €160,000 annually under the HMO model. This results in an attractive 11.9% YIELD.
Prime Location:
Situated on the corner of Eccles Street and bustling Dorset Street, the Eccles Townhouse is conveniently located next to secure private parking, and just steps from the 747 & Aircoach airport shuttle stop. Croke Park, cultural hotspots such as the Hugh Lane Art Gallery, James Joyce Cultural Centre, and several theatres are all within walking distance. The townhouse is also a short stroll from Temple Bar, Trinity College, Guinness Hopstore, and shopping areas like Henry Street, making it an ideal spot for visitors and tenants alike.
Whether continuing as a guesthouse or transitioning to an HMO, the Eccles Townhouse offers substantial returns with its prime location and rich heritage appeal.
TO VIEW OR MAKE 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.
