Dalkey investment for €2m

Mixed-useInvestment: A mixed-use building in the heart of Dalkey village is divided into a restaurant and three apartments and would suit investors and owner-occupiers

With ever more investors wanting to diversify into the commercial market because of signs of an oversupply of apartments in some areas, DTZ Sherry FitzGerald can feel confident that it will get over €2 million for a mixed-use Victorian building in the village of Dalkey, Co Dublin.

The three-storey mid-terrace building at 26 Castle Street in the heart of Dalkey has a restaurant and three apartments on the upper floors.

The restaurant can seat 85 customers on the ground floor and at mezzanine level. It previously traded as Manos and, according to the agents, is fitted out to a particularly high standard with an attractive bar area, stainless steel kitchen, wooden floors, spotlighting and air conditioning.

There is a separate access to the upper floors which provides two one-bedroom apartments and a two-bedroom unit.

Under the zoning for the area, uses other than a restaurant are permitted including general retail, bar, hotel, nightclub and offices.

The selling agents, who are to auction the property on March 10th, say that few investment opportunities of this calibre have come on the market in Dalkey in recent times.

The agency is confident of strong interest from both investors and owner-occupiers.