Deal chasers business brokers offer for sale:
Deal Chasers (Business Brokers) bring to you an off-market opportunity in the currently growing emergency accommodation business, this property is being sold with I-Pass contract which should be in place for Feb 24
Stage one is completed with an I-Pass recommendation based on room size to increase the current tenant count from 2 per room to 4/5 which allows 100-120 persons (Currently 45)
Currently it is a 14 Bedroom propeerty which is due to increase to 22 after Feb 24, with phase 3 electricity this can be extended to 42 rooms, and a basement to 46 rooms, there will be a minimum of 96 beds at €100 per night
Once approved the contract will be in the region of €2m - €3m pa
These 3-storey licenced premises are 1992 but all apartments are brand new, they all come with disability and fire access certs and a 7-day licence, the property sits on 2 acres and comprises a house and new apartments which currently accommodate 45 persons with current planning t increase to 76 so can also be purchased as a rental property which currently yields €125,000 pa to be increased to €240,000 once upgrades are completed at a current approx cost of €200,000
This property is in the Dublin suburbs approx 20 mins drive from Blanchardstown
Apply in strictest confidence for NDA
Price: €2.5m
