AN investment property made up of 19 apartments and a retail unit is for sale with an asking price of more than €2m.
The Tallaght property, which is currently being let, is being sold by Hooke & MacDonald, with a potential rental income of €235,000 per annum.
'The Laurels', is for sale by private treaty in a single lot for €2.3m, which shows a gross income yield of 10.2pc.
The apartments are located adjacent to an Ulster Bank branch on Main Street in Tallaght Village, and contains 19 apartments and one retail unit in what Hooke & MacDonald called a "high specification development that was completed in 2005/6.
The building comprises four one-bedroom apartments, 13 two-bedroom apartments and two three-bedroom apartments in two blocks, and a ground floor retail unit of approximately 190 sqm.
The purchaser will also have full control of the building.
Just a "few minutes' walk" from The Square Shopping centre and LUAS Red Line terminus that provides a frequent service to Dublin City Centre, 'The Laurels building is very accessible, the agents added.
The apartments are let at an average rent of €950 per month for the two-bedroom units; €815 per month for the one-bedroom flats; and €1,150 per month for the three-bedroom dwellings.
The current rental income that can be earned by the owner is €191,100 per annum, which will rise to €215,000 per annum once the two units held back for viewing purposes have been let.
The retail unit has the potential to produce a further €20,000 per annum if let in its current condition.
The building is in a "very convenient and proven letting area" and has had consistently enjoyed "excellent occupancy levels" since its completion seven years ago.
Enda Moore of Hooke & MacDonald said the site "presents an ideal opportunity for investors to purchase a fully-let high spec investment in a strong rental location. In doing so, a purchaser will be free of capital gains tax if the property is held for seven years."