Friday 30 September 2016

Investment in the heart of Dublin 4 guiding €750,000

Published 28/01/2016 | 02:30

The investment property at 54 Pembroke Road.
The investment property at 54 Pembroke Road.

Quinn Agnew is seeking €750,000 for an investment property at 54 Pembroke Road in Dublin 4.

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The four storey over garden property (pictured) extends to some 160 sq m.

The agents say the property is in "excellent condition throughout and maintains many of its original Georgian features".

The property is let to Heneghan PR on a 35 year lease from October 1990 at an annual rent of €70,000.

Manus Agnew, who is acting as agent for the sale, said it "provides investors with the opportunity to acquire a quality period property".

The sale price would equate to a net initial yield of 7pc, rising to 8.9pc after a rent abatement period ends.

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