A bed and breakfast property at 132 Rathmines Road Lower And 1, 2 & 3 Observatory Lane, Rathmines, Dublin 6, has hit the market via Young's Estate Agents for €3.5 million.
Property Details
The property's listing on property.ie states, "This is an excellent opportunity to acquire a vacant three storey former bed and breakfast building with a terrace of three three storey three/four-bedroom townhouses at the rear of the property. The subject properties are located in the heart of Rathmines directly opposite Lidl with the rear of the property overlooking Leinster Cricket Club.
"132 Rathmines Road Lower is conveniently located in the heart of Rathmines and is 1.5 kilometres to the immediate south of Dublin City Centre and St. Stephen's Green. The property holds a high profile position on Rathmines Road directly opposite Lidl Shopping Centre and is two properties to the north of Observatory Lane junction. The property is located to the east of Rathmines Road and adjoins a cycle lane and Quality Bus Corridor that provides excellent access to Dublin City Centre with a seven minute commute by bus e.g. 14, 15, 15a, 15b, 15d, 65, 65b, 83, 140 and 142. The property is also 850 meters walking distance from Ranelagh LUAS station.
"The subject property is only a very short walking distance from 4 large shopping centres (Lidl, Aldi, Dunnes, Tesco) and a host of popular cafes, restaurants, pubs and shops, including Hush, Subway, Farmer Browns, Starbucks, Tolteca, the Stella Diner, Elephant and Castle, Swan Shopping Centre, Omniplex cinema, Eddie Rocket's and a host of food and convenience store shops.
"Rathmines is a prime south Dublin location given its vast array of shops, excellent local amenities, very strong residential rental market and close proximity to Dublin city centre.
"Apart from Rathmines College there are several schools in the immediate area including St. Mary's College, St. Louis Senior Primary school, Stratford National School and St. Michael's House Special School. The layout of number 132 may suit student accommodation given its close proximity to Rathmines, Portobello, Trinity and UCD.
"The subject property is located less than 50 metres from Leinster Cricket Club and Tennis & Bowling Club and is also a short walking distance from the Swan Leisure Centre, Mount Pleasant Lawn Tennis Club, Portobello GAA Club and Stratford Lawn Tennis Club.
"132 Rathmines Road Lower is a three storey over basement mid terrace residential building that was recently trading as a bed and breakfast up until the pandemic. The property is approx. 3250 sq ft / 300 sq m in size and comprises of 14 bedrooms, one common kitchen, store rooms, bathrooms and shower rooms. We understand that two of the staff bedrooms are smaller in size and could be kept the same or amalgamated into two larger bedrooms. There are some outbuildings at the rear of the property that provide some additional facilities that could be replaced e.g. laundry rooms and storage space. We understand that these can also be used by the three Observatory Lane townhouses.
"1, 2 & 3 Observatory Lane comprise a terrace of three three storey townhouses with six surface car parking spaces in front of the houses. The total area of the 3 townhouses is approx. 264 sq m (2,850 sq ft) in size and each of the townhouses have been fitted out to accommodate 4 bedrooms each but a purchaser may want to convert one of the bedrooms back into a living room if they want to convert back to traditional townhouses. Each townhouse is fitted to a reasonable standard, each with a kitchen and two bathrooms."
Additional Details
The property's listing adds, "We understand that all mains services are available to the property. However, interested parties are required to satisfy themselves as to the adequacy of all services.
"We understand that VAT will not be charged on the sale of the premises."
© 2021 Hospitality Ireland – your source for the latest industry news. Article by Dave Simpson. Click subscribe to sign up for the Hospitality Ireland print edition.
