Dublin 6 residential investment at €5.6m offers purchaser 6% yield

  • 📰 IrishTimesBiz
  • ⏱ Reading Time:
  • 82 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 36%
  • Publisher: 77%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

This Ranelagh Road investment comprises 16 apartments within a Georgian period property

ByThose parties looking to take advantage of the robust demand in Dublin's private rented sector market will be interested in a well-located residential portfolio being offered for sale by CBRE on behalf of Irish developer Cormac McNamara.

Located at 74-75 Ranelagh Road, the investment comprises 16 apartments within a Georgian period property, all of which have been refurbished to what the selling agent describes as an “exceptional standard”. The portfolio – a mix of four studios, 11 one-bedroom apartments and one three-bedroom apartment – is fully income-producing, with one unit retained vacant for show purposes. The projected stabilised gross rental income is approximately €337,000 per annum, assuming 100 per cent occupancy.

Number 74-75 Ranelagh Road has a prime location, approximately 350m from Ranelagh village and less that 1km from St Stephen’s Green. Transport connections include the Luas green line at Charlemont and Ranelagh providing occupiers with a direct rail link to Dublin’s city centre and southside suburbs. Numerous Dublin Bus routes are also available within close proximity to the subject property.

Will Heffernan of CBRE says: “The residential investment sector continues to perform very well with strong underlying rental growth, low vacancy rates and favourable supply/demand dynamics. There continues to be a strong depth of capital looking to deploy into the residential sector in Dublin, especially for assets which are income producing.

“Given these factors, we expect 74-75 Ranelagh Road to appeal to a wide range of domestic and international investors given the in-place income, exceptional standard of refurbishment and quality of the underlying location. CBRE are inviting offers in the region of €5.6 million, which represents a gross yield of 6 per cent on the projected stabilised gross rental income.”

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 6. in BE

Belgique Dernières Nouvelles, Belgique Actualités