A BLOCK of 20 apartments off Eglinton Road in Dublin 4 has come on the market asking €3.4 million.
The block, called Errigal House, is being sold by a receiver, Mr Kieran Wallace, of KPMG. The selling agent is Savills.
The price works works out at €170,000 per unit. At the asking price, the estimated gross yield is eight per cent, according to Savills director Ronan O’Driscoll.
Errigal House, situated in the Eglinton Court development, was bought as an investment five years ago and was refurbished internally with the intention of selling the units on separately. Each of the flats has a new fitted kitchen and bathroom as well as built-in storage.
The property has full vacant possession. The 20 apartments comprise one small studio, four one-bedroom flats and 15 two-beds.
The average size of the two-bedroom units is 68.5sq m (737sq ft) and all have en suite bathrooms.
The complex has surface parking to the front of the building and a lift serves all floors.
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