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U Cafe, 30 James’S Street, Dublin 8


Price
€2,300,000

Type
Terrace House

Status
For Sale

BEDROOMS
11

BATHROOMS
11

Size
630 sq. m

BER

Description

30, 31 and 32 James Street are a collection of mixed-use properties containing 11 residential units and 2 commercial units over 3 buildings. Both the residential portion and commercial units are fully let generating significant income over the 3 properties.

There is also a yard at the rear representing a substantial development opportunity.

Number 30 is a purpose-built investment property consisting of a commercial unit operating as a caf and 4 residential units above 2 x two beds and 2 x one beds. All in good condition and well managed.

Number 31 is a pre-63 with 5 residential units all one beds of varying sizes. A new buyer may take advantage of a BER upgrade to avail of market rents in 31.
Number 32 consists of 2 x two bedroom apartments and a retail unit operating as a salon.

A breakdown of the accommodation is below.
30 James Street - c. 350 sqm Current Rent Market Rent
Unit Floor Type Rent PM Rent PA Rent PM Rent PA
1 1 2 bed 1,000 12,000 2,100 25,200
2 1 1 bed 939 11,268 1,900 22,800
3 2 2 bed 1,000 12,000 2,100 25,200
4 2 1 bed 975 11,700 1,900 22,800
Retail Gd Caf 1,300 15,600 3,000 36,000

Outside Space Gd Yard
5,214 62,568 11,000 132,000

31 James Street - c. 200 sqm Current Rent Market Rent
Unit Floor Type Rent PM Rent PA Rent PM Rent PA
1 Ground 1 bed 840 10,080 1,500 18,000
2 First 1 bed 767 9,204 1,800 21,600
3 First 1 bed 737 8,844 1,500 18,000
4 Second 1 bed 852 10,224 1,800 21,600
5 Second 1 bed 667 8,004 1,500 18,000
3,863 46,356 8,100 97,200

32 James Street - c. 140 sqm Current Rent Market Rent
Unit Floor Type Rent PM Rent PA Rent PM Rent PA
1 1 2 bed 1,000 12,000 2,200 26,400
2 2 2 bed 1,000 12,000 2,200 26,400
Retail Gd Salon 900 10,800 900 10,800
2,900 34,800 5,300 63,600

With a combined income of 143,724 and a potential income of 292,800 the properties are significantly under rented.
With the impending new legislation, the rents can be increased to market rent after 01 March 2026 if the tenant vacates of their own volition.

Location:
The location of these properties is close to James St Hospital and The City Centre is a short walk made easier by having the LUAS accessible on the doorstep. The property has a wealth of amenities all within easy reach making these properties desirable for renters looking for a convenient City home.

Disclaimer:
The above particulars are issued by Herbert and lansdowne on the understanding that all negotiations are conducted through them. Please note that we have not tested any apparatus, fixtures, fittings, or services. Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.

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