Residential investment seeking €850,000-plus

Published Date: 17/10/2018

Finnegan Menton is looking for offers above €850,000 for a high-profile residential investment at 38 Upper Drumcondra Road, Dublin 9.

The three-storey over-basement period house extends to more than 258 sq.m. (2,785 sq.ft.) and is laid out as nine one-bedroom units (all en suite) with shared kitchen, two separate livingrooms and a utility room.  Residents, who pay between €550 and €975 per room, share TV lounges and the kitchen area.

They are also provided with free wifi and shared laundry facilities.

With three of the units current vacant for viewing, the rent roll is €47,000.

Finnegan Menton estimates that the full rental income will be €73,000.

Irish Times Wednesday 17th October 2018