36 - 37 Nelson Street, Dublin 7
Pre 63 Multi Family Home
Annual Rent Roll
€250,000
Avg Rent Per Month
€1,035
Sqft
Units
6,240 sqft
19
Type of Units
15 x Studios, 3 x One-Beds, 1 x Retail Unit
3
Property Description
This portfolio of three Multi-Family Homes (MFH) consists of 3 storey overbasement Georgian properties with 37 self-contained residential apartments and one grocery store (Camelot Stores) which is subject to a 20-year lease.
The property maintains many of its original style and character with cleverly designed micro accommodation throughout. There is a low supply and high demand for good quality rental properties in this area. Each apartment has its own kitchen and en-suite shower room and toilet. Each apartment is
fully furnished with WIFI and TV access.
The portfolio has convenient on street parking for tenants, but many tenants will choose to live here because they can walk to work, shops, cafes and restaurants. This make it a very desirable place to live and reduces any possible vacancies in the future. “PANDEMIC- PROOF” with 99% Rent Collection Rates from March to date.
3
Location
Phibsborough is fast becoming one of Dublin’s most sought-after neighbourhoods, In the last few decades, Phibsborough has been an up-and-coming area of the Northside of the city.
It’s helped along by its characteristic redbrick terraces and a wealth of facilities – the Mater Hospital group one of Ireland’s leading hospitals to Dalymount Park which hosted Bob Marley’s one and only Irish gig . Recent years have seen a new focus on community life in the neighbourhood with initiatives like local festival Phizzfest.
Today the neighbourhood is centred around Doyle’s Corner, a crossroads that follows the time-honored Dublin tradition of being named after its largest pub. The Phibsborough Shopping Centre provides the commercial hub.
A great, and increasing, selection of local amenities, there are several shops, restaurants, bars and cafes close by including Two Boys Brew, Clement & Pekoe, DELISUZ, The Back Page, Woodstock Caf and Bang Bang Caf.
Phibsborough is an old area rich in history but also full of life today. As we’ve said, it’s also an area on the up. Significant new investment – in the shape of the Luas service, the TU Dublin city campus at Grangegorman, and a planned Metrolink station just across the canal – is likely to only increase the area’s attractiveness. There are various transport links connecting tenants around the city such as, Dublin Bus, Luas, Dart and Dublin Bikes.
It’s a vibrant young neighborhood in a great place, You feel part of Dublin city, but it’s also easy to remove yourself from the city madness with a stroll in the Blessington Basin, Royal Canal Bank, Phoenix Park or the Botanic Gardens.
Dublin 7 feels young – lots of students, young families, residents and non-residents are aware of the beauty of the Phibsborough stretch of the Royal Canal and the sense of community.
