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18 Synge Street,
Dublin 8

18 Synge Street,
Dublin 8

€1,740,000

Dublin 8
8
Summary
  • For Sale by Private Treaty
  • End-of-terrace period residential investment in the heart of Portobello
  • Eight self-contained units comprising five studios and three one-bedroom units
  • Gross income of €153,348 per annum*
  • Extensively refurbished and finished to a very high standard
  • Fully stabilised Pre ’63 investment
  • Reversionary potential
  • Tenants not affected
  • Guide Price €1,740,000 exclusive
  • GIY 8.81%
Location

Synge Street occupies a central position in Portobello, one of Dublin's most established and sought-after inner-city residential neighbourhoods. No. 18 is positioned between Harrington Street and Lennox Street, within a short walk of Camden Street, Portobello Bridge, the Grand Canal, St Stephen's Green and Grafton Street. The area combines immediate city-centre accessibility with an extensive neighbourhood offering, including cafes, restaurants, pubs, convenience retail and leisure amenities.

The Harcourt Luas stop is approximately six minutes' walk away, while numerous Dublin Bus services operate from nearby Camden Street and South Richmond Street. The property is also convenient to major city-centre employers including Deloitte, KPMG, Bank of America and IDA Ireland, together with third-level institutions including RCSI, Trinity College Dublin, Dublin Business School and Griffith College. This combination of connectivity, employment and amenity supports established rental demand in the immediate area.

About

No. 18 comprises an end-of-terrace period pre-’63 property arranged over lower ground, ground and first-floor levels. The property was extensively refurbished circa five years ago and is finished to a very high standard throughout. The refurbishment provides modern, well-presented residential accommodation and upgraded common areas within the original period building.

Internally, the property is configured as eight turn key self-contained residential units comprising five studios and three one-bedroom units. The mix provides a diversified income profile across the eight units. General internal specification includes, separate metering, upgraded fire safety compliance including fire alarm and fire escape lighting, upgraded kitchens, bathrooms and flooring throughout.

Accommodation

Unit

Type

Floor

Sq. m

Rent PCM

Rent P.A.

Status

1

Studio

Ground

18.80

€1,500

€18,000

Occupied

2

Studio

Ground

17.50

€1,499*

€17,988*

TBC

3

Studio

Lower Ground Return

17.00

€1,475

€17,700

Occupied

4

Studio

First Floor Return

15.50

€1,500

€18,000

Occupied

5

1 Bed

First Floor

25.10

€1,650

€19,800

Occupied

6

Studio

First Floor

17.60

€1,555

€18,660

Occupied

7

1 Bed

Lower Ground

24.40

€1,750*

€21,000*

TBC

8

1 Bed

Lower Ground

30.80

€1,850

€22,200

Occupied

 

 

TOTAL

166.70

€12,779

€153,348

 

The Opportunity

The Dublin residential investment market continues to be supported by strong occupier demand and a structural shortage of good-quality rental accommodation. Recent legislative changes have provided greater clarity around rent setting and the future operation of the sector, creating a more defined backdrop for residential investors. Within this context, No. 18 Synge Street represents a timely opportunity to acquire an extensively refurbished, income-producing asset in a central Dublin location. Its diversified income across eight self-contained units, high standard of accommodation and proximity to major employment, education and transport hubs position the property well to benefit from the city’s sustained rental demand.

Title

Long Leasehold.

VAT

TBC

Solicitor

TBC

Dataroom

Further information is available via a project data room.

Viewing

Strictly by appointment with Artis.

BER
Contacts
  • Director

    Bryan Garry

  • Divisional Director

    Jamie Douglas

  • Managing Director

    Richard O'Neill

Professional

Advice &

Investment Expertise

Disclaimer

The particulars of sale and brochure have been prepared by Artis Property Management Ltd on behalf of the Vendor. The content within the sales particulars, brochure, and any advertisements produced by third parties are for guidance purposes only, as such Artis is not held liable for any inaccuracies. Prospective bidders should note that maps are not to scale, and any figures quoted such as but not limited to measurements, distances, rents paid/payable, and dimensions are approximate, and quoted on the understanding that the prospective bidder will undertake their own due diligence to verify such matters. For the avoidance of doubt, this brochure and any related marketing materials will not form part of any Contract for Sale. All Guide and Sale Prices quoted are exclusive of VAT unless otherwise stated. In the event that the subject property is listed for sale via auction, then the sale is as scheduled unless sold prior or otherwise withdrawn. The scheduled auction date and time may be subject to change.  Auction guide prices are set as an indication of where the reserve is set, the reserve price is the minimum price at which the property can be sold at the auction.  The reserve be may set separately to the guide price, both the reserve price and guide price are subject to the change.

Artis PSRA Licence Number: 004063