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6 Tyrconnell Road

Inchicore, Dublin 8

Sold €1,650,000
Property Highlights
  • Recently completed multi-unit development
  • Consisting of 3 x apartments and an own door ground floor office unit
  • Situated in the vibrant Village of Inchicore in Dublin 8
  • Ground floor office let to Dublin City Council with lease expiry June 2025
  • Total contracted rent of €115,200 per annum
  • Guide price €1,650,000
  • Attractive initial yield of 6.98%
Property Location

The subject property occupies a prominent location on Tyrconnell Road, adjacent to many local amenities and established businesses as well as being in an established residential area. Inchicore village is situated 1 km away with Heuston Station, St. James Hospital and the National Children’s Hospital all within close proximity.

The Luas Red Line serves the Inchicore area with stops at Drimnagh and Blackhorse, both situated approximately 850 meters from the subject property. Various Dublin Bus routes also serve the area and pass through Tyrconnell Road providing access to Dublin City Centre within 20 minutes.

Property Description

The subject property comprises a recently completed mixed-use building incorporating office use at ground floor level with residential accommodation on both the first and second floors. The ground floor which is currently occupied by Dublin City Council provides for a recently completed own door office suite.

Access to the residential accommodation is via an own door entrance situated to the left-hand side of the office accommodation. Access to the first floor is via a passenger lift and stair-well servicing each floor. The first-floor layout provides for a one-bedroom apartment and a two-bedroom apartment whilst the second floor provides a large three-bedroom penthouse apartment. The apartments range from a generous floor area of 551 sq.ft – 1,292 sq.ft. and have been fitted to the highest standard. Each of the apartments benefit from a spacious storage area, located off the ground floor lobby area.

There are five designated surface car parking spaces, three of which are allocated to the residential units and the balance are floating spaces.

Lease Terms

Unit

Floor

Accommodation

Floor Area (sq.ft.)

Lease Commencement

Rent (p.a.)

1

Ground

Office (Dublin City Council)

1,249 (NIA)

01.10.2020

€33,600 ex VAT

2A

First

1 bed apartment

551

06.03.2020

€21,600

2B

First

2 bed apartment

974

01.06.2020

€28,800

3C

Second

3 bed apartment

1,292

01.04.2020

€31,200

Total

-

-

4,066**

-

€115,200

*The ground floor office unit is let to Dublin City Council for a term 4 years and 9 months from 01.01.2020 at an annual rent of €33,600 per annum exclusive of outgoings.

**The total gross floor area (including common areas and storage) is approximately 5,199 sq.ft.

Property Size/Area
5,199 sq.ft.
Property Status
Sold
BER Details
Ber Number - Available upon request
Ber Energy Performance Indicator - Available upon request
Property Location
Documents
QRE Contact
Bryan Garry
Bryan Garry
MRICS MSCSI  

Director Investment

Bryan has over 13 years of experience in the Irish commercial property market. As Director of the In... View More

083 3918649

(01) 637 5544

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