Georgians in central Dublin goes on the block asking for €1.5m
Published 20/03/2016 | 02:30
Colliers International has been instructed to dispose of 38-39 Gardiner Street Upper, Dublin 1 - a substantial city centre investment opportunity with considerable income.
The property comprises two adjoining mid terrace, four storey over basement Georgian buildings. The property is currently in use as a hostel and is laid out to provide 21 self-contained double bedroom units. All units are en-suite with living room/kitchen.
Some 12 of the units are currently let by way of monthly residential lease agreements. eight units are reserved for AirBnBb lettings with occupancy rates of over 90pc. The property is currently producing a gross income of approximately €223,000 per annum.
This busy urban location enjoys all the amenities the city centre has to offer. O'Connell Street and Henry Street, are within a 15 minute walk from the property