A mid-terraced three storey over basement mixed use property, with garage to the rear accessing Henrietta Lane.
The property consists of a shop and office at ground floor level, living room and kitchen at first floor level, with a laundry room, bedroom and ensuite in the first floor extension. A shower room on a mezzanine between first and second floor, and at second floor level are two double bedrooms and a single bedroom.
An externally accessed basement is divided into two large rooms, and a smaller space to the rear.
Accessed off the enclosed yard are two store rooms and a w/c.
To the rear is a large garage with vehicular access from Henrietta Lane.
This property occupies a mid-terrace position on Bolton St, Dublin 1, approx. 450m from O’Connell St. The Luas CrossCity Line stops nearby at Dominick St.
There is substantial foot-traffic throughout the day with DIT Bolton St just across the road, and Capel St / Henry St a short stroll away.
The surrounding area has seen wide scale redevelopment over the past number of years, with a number of purpose built student accommodation and hotels developed recently, and further developments planned or under construction. The new DIT campus at Grangegorman is just 400m northwest of the property and will be home to 20,000 Students by 2020.
The development of a Cultural Quarter in Parnell St, with an impressive new Dublin City Library, will greatly benefit the area too.
The property is in a prime location for a range of potential uses, either in its current mix of commercial and residential use with refurbishment or with the conversion of the current residential into multiple residential units.
The location of the property falls within the area applicable for the ‘Living City Initiative’, the scheme allows owners and investors to claim tax relief for money spent on refurbishment and/or conversion of residential property either as income tax relief (for owner-occupied residential) or capital allowance (for rented residential). It also focuses on the regeneration of retail and commercial districts by allowing owners to claim an accelerated capital allowance on money spent on refurbishment and/or conversion of commercial property.
More info is available at: http://www.dublincity.ie/livingcity
There would also be potential to completely redevelopment of the property (subject to Planning Permission). Numerous residential, mixed use, student accommodation and hotel’s are currently under development in the area.
Rental demand for both commercial and residential use is strong in this location in the heart Dublin City, in very close proximity to DIT Bolton St, Kings Inn, and numerous English Language Colleges, as well as DIT Grangegorman. Convenient to every possible local amenity Dublin City has to offer, public transport and a short stroll down to O’Connell St, Capel St, Henry St, the Liffey quays, the location would be ideal for a residential rental property.
This property is being sold with vacant possession.
(These particulars do not constitute an offer or contract, and whilst every effort has been made in preparing all descriptions, dimensions, maps, and plans, these details should not be relied upon as fact. Dimensions / Illustrations are for guideline purposes only and not to scale. Citywide Auctioneers Ltd will not hold itself responsible for any inaccuracies contained therein.)
|Ground Floor||58.33m2 m|
|Shop||5.30 m||X||5.81 m|
|Office||3.59 m||X||2.25 m|
|Lobby||3.20 m||X||2.40 m|
|First Floor||57.23m2 m|