Property Description

Investment Highlights

• For Sale by Private Treaty
• End-of-terrace period residential investment in the heart of Portobello
• Eight self-contained units comprising five studios and three one-bedroom units
• Gross income of €153,960 per annum
• Extensively refurbished and finished to a very high standard
• Fully stabilised Pre ’63 investment
• Fire cert compliant
• Reversionary potential
• Tenants not affected
• Guide Price €1,870,000
• GIY 8.23%

Location

Synge Street occupies a central position in Portobello, one of Dublin's most established and sought-after inner-city residential neighbourhoods. No. 18 is positioned between Harrington Street and Lennox Street, within a short walk of Camden Street, Portobello Bridge, the Grand Canal, St Stephen's Green and Grafton Street. The area combines immediate city-centre accessibility with an extensive neighbourhood offering, including cafes, restaurants, pubs, convenience retail and leisure amenities.

The Harcourt Luas stop is approximately six minutes' walk away, while numerous Dublin Bus services operate from nearby Camden Street and South Richmond Street. The property is also convenient to major city-centre employers including Deloitte, KPMG, Bank of America and IDA Ireland, together with third-level institutions including RCSI, Trinity College Dublin, Dublin Business School and Griffith College. This combination of connectivity, employment and amenity supports established rental demand in the immediate area.


Description

No. 18 comprises an end-of-terrace period pre-’63 property arranged over lower ground, ground and first-floor levels. The property was extensively refurbished circa five years ago and is finished to a very high standard throughout. The refurbishment provides modern, well-presented residential accommodation and upgraded common areas within the original period building.

Internally, the property is configured as eight turn key self-contained residential units comprising five studios and three one-bedroom units. The mix provides a diversified income profile across the eight units. General internal specification includes, separate metering, upgraded fire safety compliance including fire alarm and fire escape lighting, upgraded kitchens, bathrooms and flooring throughout.

The Opportunity

The Dublin residential investment market continues to be supported by strong occupier demand and a structural shortage of good-quality rental accommodation. Recent legislative changes have provided greater clarity around rent setting and the future operation of the sector, creating a more defined backdrop for residential investors. Within this context, No. 18 Synge Street represents a timely opportunity to acquire an extensively refurbished, income-producing asset in a central Dublin location. Its diversified income across eight self-contained units, high standard of accommodation and proximity to major employment, education and transport hubs position the property well to benefit from the city’s sustained rental demand.

BER
Exempt. The property is listed as a protected structure within Dublin City’s Record of Protected Structure. Ref No. 7928.

Title
Long Leasehold.

Dataroom
Further information is available via a project data room.

Viewing
Strictly by appointment with Artis.

Enquiries
Bryan Garry MRCIS MSCSI
Director
083 391 8649 | [email protected]

Jamie Douglas MRICS MSCI
Head of Residential
086 836 0197 | [email protected]

Richard O’Neill MRICS MSCSI
Managing Director
086 836 0199 | [email protected]

BER Details

Energy Performance Indicator: 0.00 kWh/m2/yr

This property was last updated: today, 4 hours 56 minutes ago