Business Irish

Monday 11 December 2017

€2.75m is sought for 18 Rathgar apartments

A BLOCK of 18 apartments at 75 Rathgar Road, Dublin 6, is for sale with a €2.75m price tag. All but one of the two-bedroom units are let and if fully let, the agents Colliers International say, the entire income should come close to €215,000 per annum.

Michelle McGarry of Colliers adds this return would represent a yield of 7.7pc to an investor while the price per flat is equivalent to an average of €153,000.

Known as Sycamore Court, the block is being sold on the instructions of Eoin Ryan, receiver, BDO.

Two of the units are penthouse style and current rents vary from €900 to €1,400 per month. The unlet unit is being left vacant for the purposes of the sales campaign.

The property comes with parking for 23 cars.

Indo Property

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