Colliers cover all the bases on Waterloo Road

With house price values still up in the air until the residential property price register is up and running, it can be difficult…

With house price values still up in the air until the residential property price register is up and running, it can be difficult to establish what properties are worth or decide which market to aim them at.

Great then, if you have a property that might potentially appeal to three markets. Colliers is asking €2.5 million for two houses on Waterloo Road – numbers 87-89, which are currently let as offices, producing around €90,000 per annum.

They also have planning permission to redevelop them back to residential units. And there’s planning permission for three 186sq m (2,000sq ft) mews properties on Waterloo Lane. The property can also be sold in one, two or three lots.

So all bases are covered there then, with something for the residential,commercial and any builders/investors out there with money who are tempted by the idea of lashing up a few mews houses on Waterloo Lane.

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However, given that a near neighbour, number 73 Waterloo Road, recently went sale agreed asking €1.15 million and is in pristine condition, we wonder if someone will want the expense of converting these houses into residences, which will inevitably mean demolishing the redbrick office extension at the rear.