Multi-unit investments in Dundrum and Milltown around €2m mark

Six apartments at Dundrum Gate for €2.2m and seven units on Milltown Road for €2.1m

Agent Sherry FitzGerald is bringing two multi-unit residential investments to the market this week.

The first, six apartments at the 2003-built Dundrum Gate in Dundrum, is guiding €2.2 million. These three one-bed and three two-bed homes produce a rent roll of €117,000 per annum and are fully let. All either have a balcony or terrace overlooking the communal grounds.

Dundrum Gate is a gated complex close to Dundrum Town Centre, the Luas line and the M50.

The second lot for sale, which is guiding €2.1 million, is composed of seven apartments on the upper floors of the Shanagarry scheme on the Milltown Road in Dublin 6. The three one-bed and four two-bed units, all with balconies overlooking either communal gardens or the Dodder Park, produce a rent roll of €107,400 and are fully let.

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Shanagarry is adjacent to the Luas line and about five minutes walk from Milltown village. The city centre is about 5km away and Dundrum Town Centre 4km.