Cambridge House, Cambridge Road, Ringsend, Dublin 4

Dublin 4

€ 400,000

House: Bed | Bath

Agent Details:

Marc McGrath 01-2602520 marc@bennettsauctioneers.ie

Property Overview:

Property Description:

Investment Property For Sale – 4,356 sq. feet (405 sq. meters)

Overview

The subject property of approx. 0.04 hectares (0.1 acres), is located off Cambridge Road, Ringsend, Dublin 4. It consists of a mix of 12 storage units with yard/car park.

The property benefits from a short-term income from existing tenants. 9 units currently let on short term lease (none of which have renewal rights) generating approx. €32,000 per annum.

The site is ideally located in the city centre in close proximity to a number of high profile amenities and employment areas such as Grand Canal Square, the Docklands, Aviva stadium, 3 Arena and the IFSC.

The property also benefits from some excellent transport links. Dublin Bus serves many routes in the area and both Grand Canal Dock DART and the Luas Red Line (The Point) are a 5-min walk.

Nearby employers include Google, Accenture, Facebook, LinkedIn, PwC and Mason, Hayes & Curran.

LOT: 12 Storage Sheds and Yard/Car Park (0.1 acres): €400,000

Current yield: 8% (with 75% of units let)

 

Facilities:

Accomodation:

12 Storage Sheds and Yard/Car Park (0.1. acres)

TITLE
FREEHOLD

Service Charge:

BER Details:

BER G | BER Number: 800600819 Energy Performance Indicator: 1320.9 kWh/m2/yr

Agent Details:

Marc McGrath 01-2602520 marc@bennettsauctioneers.ie

Accomodation:

12 Storage Sheds and Yard/Car Park (0.1. acres)

TITLE
FREEHOLD