Sunday 19 January 2020

Apartment blocks offered for sale in Laois

Two vacant apartment blocks are being offered for sale in separate lots in Portarlington, Co Laois.

In the smaller block the units work out at only €28,125 per flat.

The larger block, known as The Waterfront off French Church St, consists of 20 units ranging in size from 38sqm one-bed units up to 112sqm in the three-bedroom duplexes.

There are four duplexes and 12 two-bedroom flats with the remainder in one bedroom flats.

Agents DNG are guiding €795,000 for this lot and say that it could generate an annual rent of €115,000. That would be a gross yield of 14.4pc.

The second block at Bracklone St consists of eight apartments of which six are two-bedroom flats ranging in size from 51 to 75 sqm.

DNG says they could generate €44,000 a year in rent or a gross 19.5pc yield on the asking price of €225,000.

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