Bakers Yard offers the opportunity to invest in a modern predominantly multi-family, city centre development with future development and asset management opportunities. The purchaser will benefit from a majority ownership in this Dublin 1 scheme which in its entirety comprises of 132 apartments in three blocks (85 of which are included in the sale). There are also 85 secure basement car parking spaces to be included in the sale.
In addition to this and also included in the sale are 6 ground / first floor commercial units extending to approximately 792 sq m (8,529 sq ft) and an adjoining 0.18 hectare (0.45 acre) site which sits on the prominent corner of the North Circular Road and Portland Street offering future development potential. The site benefits from full planning permission for a further 55 apartments, 3 commercial units and 59 parking spaces.
At present the residential element of the scheme is effectively benefiting from full occupancy and 3 of the commercial units are currently let whilst the remaining 3 are vacant and in shell and core condition.