A short stroll from “Silicon Docks” lies 11 Grand Canal Street Lower, a newly renovated four-bed home that is likely to appeal to an investor hoping to capitalise on its proximity to the thousands of tech workers employed close by.
The home adjoins the landmark Becky Morgan's pub, which itself was put on the market earlier this year quoting €1.3 million, and is a stones' throw from Grand Canal Square, home to a host of tech companies, law firms and consultancy practices, as well as the Bord Gáis theatre, restaurants and the new Brewdog craft beer bar.
Indeed the new residents could stumble from their bed to the office, to the pub – and back to their bed again, without breaking a sweat.
Alternatively, the property’s south-facing patio might be the ideal spot for a post-work Aperol spritz and barbeque in the evening sun.
The period terraced home comprises 1,400sq ft (130sq m) home and has been newly renovated and is now in turn-key condition.
Substantial work was carried out on the property, including a new roof, new joists, new windows, a new plumbing and heating system, new wiring and a concrete slab on the lower ground floor. The improvements mean that the home has now achieved a cosy B2 Ber rating.
The two-storey over basement has an open plan kitchen/living/dining room with two bedrooms on the ground floor, both with en-suites, and a further under stairs water closet. The upper floor includes two large double bedrooms, again both with en-suites.
Agent Owen Reilly says potential annual rent of €57,600, and a yield of 6.5 per cent, is achievable on the property.
While ideal for an investor, the property would also make a comfortable home for an individual or family looking for a slice of docklands life with the comfort of their own front door and outside space.
A two-bed townhouse in good condition at Eblana Villas, just off Grand Canal Street Lower, sold for €405,000 earlier this year, according to the property price register. The property is on the market with Owen Reilly seeking €875,000 and has a Ber of B2.
