RS-WS1
For Sale

38 Meath Street,

Dublin 8, D08 AXW8
264 SQ.M
Offers in excess of
€1,250,000
Investment Property

Property Overview

The subject property comprises a four-storey mixed-use commercial building with an adjoining townhouse.

The property provides an office unit on the ground floor with 3 x two-bedroom apartments overhead and an adjoining two-bedroom townhouse. The upper floor apartments each have the benefit of a private balcony. The property also includes a communal balcony for the residential tenants which is located on the roof of the townhouse.

The entire extends to approximately 264sq.m (2,841q.ft).

Zoning
The property is zoned Zone Z4: District Centres ‘To provide for and improve mixed-services facilities’ under the Dublin City Development Plan 2016-2022.

TENURE
We understand the property is held freehold.

BER
E1-F
Individual BER numbers available upon request.

VAT
The purchaser will be liable for any VAT (if applicable) arising out of the sale.

PRICE
Offers are sought in excess of €1,250,000 exclusive.

The subject property comprises a four-storey mixed-use commercial building with an adjoining townhouse. The property provides an office unit on the ground floor with 3 x two-bedroom apartments overhead and an adjoining two-bedroom townhouse. The upper floor apartments each have the benefit of a private

  • High profile mixed use investment comprising a townhouse, office & three apartments overhead.
  • Ground floor office is leased to Niall O'Connor & Company Solicitors on a 10-year lease from March 2016 at a passing rent of €17,400 per annum
  • 3 x two-bedroom apartments and townhouse producing €58,704 per annum.
  • Excellent roof terrace for the apartments
  • Generating a total rental income of €76,104 per annum
  • Strong reversionary potential
  • Tenants not affected

Accommodation

Tenant UseSize Sq.FtLease StartLease ExpiryPassing Rent
Niall O'Connor & Company SolicitorsOffice52007/03/201606/03/202617,400
Apt 1- 2 bedApartment568****12,000
Apt 2 - 2 bedApartment56814,268
Apt 3-2 bedApartment41811,676
Townhouse - 2 bedTownhouse76720,760
2,84176,104
**residential lease start and lease expiry dates available upon request
All intending purchasers are specifically advised to verify all floor areas and undertake their own due diligence.

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RS-WS1