A portfolio of three period houses and two additional mews has come to the market in the heart of Ranelagh village for €4.285 million, offering potential for a developer to bring the properties back into residential use.
Called the “Ranelagh Collection”, the portfolio is being brought to the market by Cushman & Wakefield and Sherry Fitzgerald.
Situated across from the Press Up-owned Devlin Hotel, the houses at 122, 126 and 128 Ranelagh comprise three prime two-storey over garden level Victorian homes. They form part of a terrace of four houses which are set back from Ranelagh Road, with pedestrian gates fronting directly on to Ranelagh and vehicular access to the rear via Cullenswood Place.
The properties benefit from long front gardens, which provide unique privacy in the centre of Ranelagh village. Two mews properties to the rear of 126 and 128 also form part of the sale.
All properties have vacant possession, having been in commercial use. Recently refurbished, the accommodation currently provides 869sq m (9,354sq ft) of office space, split across 38 rooms. There are 27 private car spaces in total, all located to the rear of the properties.
Given the residential zoning of the properties, all could be converted to residential use, either as individual dwellings or multi-unit dwellings.
Feasibility studies have been undertaken which demonstrate potential for three five-bed family residences in the existing houses, and three three-bed, self-contained residential mews properties at the rear of each property, subject to planning permission.
According to the agents, the Dublin 6 portfolio offers multiple options, which should be of interest to investors, developers or private residential buyers.
“There is significant scope to readily convert the properties to residential use from the existing commercial use, either as single or multi-unit residential dwellings. The two mews properties at the rear of 126 and 128 Ranelagh, along with the site for a potential mews to the rear of 122 Ranelagh, provide scope for further residential development in this unique location, subject to planning permission.”
In the centre of Ranelagh, the properties are within short walking distance of bus and Luas public transport services, providing convenient links to Dublin city centre.
