Investments A new building in the heart of Rathmines, Dublin 6, with potential for both development and alternative uses has come on the market. The property, at 111 Rathmines Road Lower, carries an AMV of €2.5 million and will be sold by private treaty through Douglas Newman Good Commercial.
The property is on the west side of Rathmines Road Lower just up from its turn towards St Mary's College and Cathal Brugha Barracks. Nearby there is the Travelodge Hotel, Subway eatery and a Spar.
On offer is the first and second floors within a newly built, three-storey commercial building.
The first floor currently operates as a pool hall but would be ideally suited for office use subject to planning permission.
The second floor is currently in office use, but has full planning for change of use to two one-bedroom apartments of about 71sq m (764sq ft) each with roof terraces.
There is also full planning for a third new floor, set back from the front and back lines of the building for a three-bedroom penthouse of 110sq m (1,184sq ft) with a terrace area of 34sq m (366sq ft).
The upper floors are accessed from a separate entrance to the side of the building with each floor capable of being self-contained. The upper floors benefit from lift access and the gross internal area is about 470sq m (5,059sq ft).
The unusual combination would suit a developer or owner-occupier requiring high quality accommodation close to the city. Title is held under a very long leasehold subject to a nominal ground rent.
