52 Richmond Street South, Dublin 2.

52 Richmond Street South, Dublin 2.
1,700,000
ID-13539
For Sale
Size: 444 m² Size: 4779.12 sq ft BER: Exempt

Description

Keane Thompson are delighted to present this substantial and imposing four-storey over basement Pre-63 investment property to the market.  The property expands to a generous 444 sq.m and is laid out in spacious and well-proportioned accommodation.  The property boasts the added benefit of full grant of permission, ref. no: 2831/18; for basement and ground floor retail café and 3 large self-contained apartments above comprising 2 x 2 bedroom and 1 x 1-bedroom with study.

This impressive property has retained many of its original features including cast iron & marble fireplaces, cornicing, ceiling roses and sash windows which are synonymous with properties of this calibre.  The property is in need of modernisation and refurbishment however full planning permission has been granted which will yield a stunning and substantial property and will increase the overall accommodation to 456m2. Estimated yield of 7% once refurbishment is completed.

This property will appeal to investors seeking a substantial property with excellent opportunity for a superb return and significant increased capital appreciation in a prime position within D.2, one of the most sought after locations in Dublin.

Location

The convenience of this location cannot be overstated. Situated in the popular ‘Camden Quarter’ this property is within close proximity to Camden Street, Rathmines Village, Grand Canal, Portobello and the city centre.  Dublin’s principle places of business are within walking distance including Harcourt Street, Grafton Street, Trinity College and St. Stephens Green.  The area which is predominately office and retail in nature is easily accessible with the Harcourt LUAS station just one minutes’ walk away. There are numerous bus networks and taxi ranks close by.  The surrounding area is seeing considerable new ommercial and residential construction projects along the Grand Canal, Charlemont Street and Richmond Street where there has been a large mixed use office and retail development of 4 stories over basement just completed right next door to this property.  The location of this property is second to none.

Planning Permission

Ref: Dublin City Council 2831/18, Permission Grant 18/12/18:

PROTECTED STRUCTURE; Development at this four storey over basement end of terrace property (444sqm). The development will consist of the demolition of the existing part three storey and part five storey return (77sqm) and the construction of a new four storey rear return extension (89sqm) that will connect at basement, ground, first and second floor level to the rear of the property.  The new return extension will create an extended property of 456sqm and will facilitate the change of use of the new extended basement and ground floor from its former use as offices to a café (195.5sqm) with new shop front and signage (0.5sqm) with steel footplate over basement courtyard below at ground floor level to the front, and external seating area to the rear. Internal alterations to the three no. apartments and new rear extension will change the residential configuration from 3no. 2 bed units to 2 no. 2 bed and 1 bed units (3 no. units remaining overall) at first, second and third floor level. The first and second floor apartments will be connected to the new return to the rear and the existing staircase from second to third floor will be replaced. The café will be accessed over a new platform and entrance from the street to the front; and with the apartments being accessed via the main front door. The development will include all associated conservation and site development works.

Accommodation 444 sq.m (4,779.12 sq.ft)

Please refer to floor plans for room dimensions

Schedule of Areas:

Basement: Existing 95 sq.m / Proposed 98 sq.m / retail cafe

Ground Floor: Existing 96.5 sq.m / Proposed 97.5 sq.m / retail cafe

First Floor: Existing 96.5 sq.m / Proposed 94.5 sq.m / 2-bed apartment

Second Floor: Existing 84 sq.m / Proposed 94 sq.m / 2-bed apartment

Third Floor: Existing 72 sq.m / Proposed 72 sq.m / 1-bed apartment with study

 

Features / Services

Huge potential for investor with potential estimated return of 7% once completed

Potential for substantial increased capital appreciation

Impressive property located one of Dublin’s most sought after locations

Prime city centre location, walking distance from Dublin’s principle places of business

Full grant of planning permission ref no: 2831/18

Within close proximity to Grafton Street, St. Stephen’s Green, Harcourt Street, Trinity college and all amenities Dublin’s city centre has to offer.

South-West facing rear yard.

 

Property Agent

Laura Di Pede
Laura Di Pede (Keane Thompson) 01 298 93 84