Portfolio of Capel Street shops and apartments for €2.95m

Mixed-use site of two shops and 11 apartments produces yearly rental of €250,000

Nos 37 and 38 Capel Street in Dublin: The two shops and 11 apartments are for sale at a guide of €2.95m

Nos 37 and 38 Capel Street in Dublin: The two shops and 11 apartments are for sale at a guide of €2.95m

 

Two shops and 11 overhead apartments at 37 and 38 Capel Street, Dublin 1, are expected to attract competitive bidding when they go on sale on the instructions of a receiver.

Turley Property Advisers is guiding €2.95 million for the portfolio, which produces a rental income of €250,000 with potential to increase it to more than €300,000.

The mixed-use development, which was completed in 2006, is located midway along Capel Street, two doors from the Louis Copeland shop.

One of the two ground floor and basement shops is vacant and the other is let to Moldovan Supermarket at €50,000 per annum. Moldovan originally traded on a lease of four years and nine months, but is now overholding. The vacant unit is in shell condition.

The 11 apartments include three extra large two-bedroom units, six two-bedroom units, and two one-bedroom penthouses.