Property Description

Vanke is delighted to present this fully refurbished property at 86 George’s Street Lower offers a rare investment opportunity in the heart of Dun Laoghaire. Every element of the building has been upgraded to the highest standard, including a new roof, new windows, new wiring, new plumbing, and a new fire system, with fireproof walls and doors. The property benefits from a BER rating of C2 and the upstairs units feature high ceilings, creating a bright and spacious living environment.

The building comprises a ground floor retail unit of approximately 76sqm. with an additional 55sqm. basement, including a private backyard, generating an expected rental income of €50,000 per year. The first floor provides approximately 78 sq.m. of commercial accommodation, suitable for office or retail use. The accommodation comprises two rooms, one of which benefits from an en-suite WC, together with a main kitchen and main bathroom. The second floor provides a further 21 sq.m. of commercial accommodation, comprising one office/room of approximately 15 sq.m. and a further room of approximately 6 sq.m.

The property provides approximately 99 sq.m. of commercial accommodation in total, with an estimated rental income of approximately €36,000 per annum, subject to the permitted use and prevailing market conditions.

The property is offered for sale at an asking price of €795,000, representing a gross yield of approximately 10% based on projected current rents. Planning permission has been granted for the development of four residential apartments, including one one-bedroom apartment, one two-bedroom apartment, one studio apartment, and one duplex two-bedroom apartment, offering excellent scope to significantly enhance value. Based on the approved planning and projected rental levels upon completion of the new development, the expected gross yield could increase to approximately 12–13%.

Situated on George’s Street Lower, the property enjoys a prime central location in Dun Laoghaire with excellent footfall for the retail unit and strong residential demand. The area is surrounded by shops, cafés, restaurants, and local amenities, with easy access to Dun Laoghaire Harbour, public transport, and Dublin city centre. With every system replaced, high-quality finishes, and a mix of retail and residential income, this property represents an outstanding opportunity for investors and developers looking for a ready-to-go, premium investment in a thriving location.

BER Details

BER No. 801122144

Energy Performance Indicator: 0.00 kWh/m2/yr

This property was last updated: today, 12 hours ago