Investment opportunities in Drumcondra and Wicklow

Three shops and a site beside Quinns bar at Lower Drumcondra Road, Dublin 9, go on the market today through Turley Property Advisers at a guide price of €690,000.

Two of the shops are let to Boyle Sports and Pizza Dog at a rent of €31,000 per annum while the third retail unit is vacant.

A row of shops at this location invariably benefits from the large number of visitors to nearby Croke Park.

Two houses behind the shops are currently derelict but could be upgraded to accommodate up to five apartments.

A previous planning permission also provided for the development of 26 student residential units on the sizeable site behind the shops.

Wicklow

Turley is also guiding €950,000 for Muldowney’s bar and three adjacent cottages at Main Street, Rathcoole, Co Wicklow, which are to be sold on the instructions of receiver

Stephen Tennant

of

Grant Thornton

.

The bar has considerable business potential with a floor area extending to 743sq m (8,000sq ft). The cottages stand on a 1.5 acre site.

The Turley agency recently secured over €1 million for the 929 sq m (10,000 sq ft) Atlas Tyres industrial building at Stillorgan Industrial Estate on Blackthorn Road. It was bought by Jaguar Ireland.

The same estate agent has secured just over €1.5 million for the Abbey Hotel on Middle Abbey Street, Dublin 2, which has 21 bedrooms, a night club and bar/restaurant. It is in need of considerable refurbishment.