Sunday 25 February 2018

On the Market: Layers of options

In an age when increasing doubts are forming over pensions, many are turning back to bricks and mortar for a retirement-age income.

A three-storey over-basement period home at Connaught Place in Dun Laoghaire, Co Dublin offers some flexible options in this department.

The villa-style Victorian is located right on the seafront overlooking the marina.

The accommodation is currently divided into a one-bedroom apartment on the ground floor and three apartments of two bedrooms each overhead.

This offers the chance of a complete investment holding through letting out all four units, a complete conversion back into a private residence with the aid of a substantial investment, or a number of live-in and rent-out combinations.

An owner can for example take the entrance level and floor above for themselves and let out the basement and the floor above.

Alternatively they could take the basement and let out all three apartments overhead.

The house is in need of some work, especially with the apartment at basement level which has previously been let to a sitting tenant over a number of decades and is now in need of complete refurbishment.

The rear garden is modest in size but is south facing.

This house is handy not only for the marina but also for the People's Park, the DART station and the shopping, pubs and restaurants of Dun Laoghaire.

The property is located near the entrance to the west pier for bracing walks.

Sherry FitzGerald (01-284 4422) is seeking offers in the order of €725,000

Irish Independent

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