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Investment opportunity near Leeson Street

 


AN end-of-terrace building near Leeson Street with good development potential is for sale by private treaty with a guide price of 2.6m.

Number 7 Sussex Terrace is a mews property off Leeson Street Bridge in Dublin 4.

The two-storey building extends to 265sq m (2,852sq ft), and includes two firstfloor one-bed apartments measuring 59sq m (635sq ft) and 40sq m (430sq ft). The ground floor currently accommodates car showrooms measuring 166sq m (1,786sq ft).

Rental from the ground floor, leased to Chris Fleming Cars for 35 years from 1 July 1984 with five-year rent reviews, is 55,000 a year.

The two apartments offer a potential annual income of 28,000. The adjoining property, now under construction, is a four-storey structure providing for ground-floor retail space with overhead apartments.

The surrounding area comprises mixed-use property and several office developments have recently been completed nearby. The planned redevelopment of the Burlington Hotel will further enhance this area, says Aaron Sherlock of selling agent Knight Frank Ganly Walters.

"Other advantages are the property's close proximity to the centre-city area of Upper Baggot Street, with all its amenities, and to the Luas, just a five-minute walk away.

This represents an excellent investment either as is, in its current use, or as a rare development opportunity in this part of the city, " said Sherlock.

Further information from Aaron Sherlock or Mark Smyth, Knight Frank Ganly Walters 01-6623255




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