Superb investment opportunity. 59 George Street Upper is an attractive mid-terrace, circa 168 sqm, red-brick fronted property located in the heart of Dún Laoghaire, just moments from the renowned People's Park and within walking distance of the seafront, town centre amenities, and excellent public transport links. This well-positioned building offers a strong retail investment on the ground floor with redevelopment potential on the first floor, presenting an ideal opportunity for investors, owner-occupiers, or developers.
Key Features Ground Floor - Tenanted Retail Unit
- Tenant in situ with circa 14 years remaining on the lease.
- Passing rent: €22,000 per annum.
- Next rent review: 2026.
- Steady income stream in a high-footfall commercial district.
First Floor - Vacant
- Most recently used as office accommodation.
- Vacant possession provided on completion.
- Full Planning Permission granted for a 2-bedroom apartment (Planning Ref: D22A/0809).
- Ideal for conversion to residential use or continued office use.
Investment & Development Highlights
- Dual-income potential with scope for enhanced future returns.
- Valuable planning permission already in place.
- Central location in a strong rental and owner-occupier market.
- The property was re-roofed in 2017.
- Rates: Ground floor €2,230, First floor €2,460
- Insurance TBC.
- GF BER C2, FF BER E2.
Location
Situated on bustling George Street Upper, the property benefits from:
- Proximity to People's Park, local cafés, restaurants, and weekend markets.
- Easy access to Dún Laoghaire DART station, multiple bus routes, and the seafront.
- High visibility and strong pedestrian traffic.
Summary
59 George Street Upper offers a rare opportunity to acquire a centrally located mixed-use building with an established rental income, vacant upper accommodation, and approved plans for residential conversion. For further details and appointment to view contact the sole agents.
BER: C2 BER No.800548687