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38 – 39 Leeson Street Lower

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38 – 39 Leeson Street Lower

38 – 39 Leeson Street Lower
1,400.8 sq m (15,080 sq ft)
for sale
€4,750,000

Description

38 – 39 Leeson Street Lower is located approx. 0.2 km south of St. Stephens Green and approx. 150 m north of Leeson Street Bridge. The area is an established Georgian location.

This property presents a rare opportunity to acquire a substantial reversionary Georgian investment in the heart of Dublin 2 with undoubted potential to increase the future rent roll though rent reviews and asset management.

Key Points

  • Extending to approx. 1,400.8 sq m (15,080 sq ft) GIA
  • Includes two no. three bedroom mews properties to the rear
  • Passing rent of €244,900 per annum from 9 commercial and residential tenants
  • 100% occupancy with significant reversionary potential
  • Offers sought in excess of €4,750,000
  • Reflecting a Net Initial Yield of 4.69% after the deduction of standard acquisition costs of 9.96%
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