Developers, investors and potential owner-occupiers may be interested in two high-profile properties which have come to the market on Dublin’s Upper Drumcondra Road at a guide price of €650,000.
Numbers 92 and 92A are being offered for sale with the benefit of full planning permission for the development of a two-bedroom townhouse to the rear of the existing property.
Number 92 currently comprises a vacant ground-floor, corner retail unit with prime exposure on the busy Drumcondra Road, a vacant two-roomed unit to the rear on the ground floor with a secure yard, and a three-room office unit on the first floor currently let on a two-year lease. Number 92A is a self-contained red brick office unit to the rear.
Selling agent Robert Colleran says the property could achieve an estimated rental value of over €70,000 per annum once the main building is refurbished and the townhouse is developed.
Numbers 92 and 92A occupy a prominent location on the east side of the road next to a range of successful occupiers. These include FLYE fit gym, Lidl, the Skylon Hotel, Tesco Express, Mace, Corrigans butchers, The Ivy House, Corvo Italian restaurant, Base pizza, Grafton Barber and Lloyds Pharmacy.
Several of Ireland’s largest educational institutions are situated within walking distance. These include Mater Dei Institute of Education, All Hallows, and St Patrick’s College , all three of which operate in conjunction with the nearby Technological University Dublin (TUD). Drumcondra itself is a large, long-established and densely populated residential neighbourhood less than 2.5km from the city centre and O’Connell Street. The area is served by a Quality Bus Corridor (QBC) with numerous bus routes stopping within a short walk of the property, while Drumcondra train station is 1km away.
