Investors looking to take advantage of Dublin’s booming residential rental market have an opportunity to snap up 44 apartments and six townhouses in the heart of the city centre.
Agents Savills are guiding a price of €9.25m for the units at Smithfield Lofts on North King Street.
The price which equates to a gross income yield of 6.6pc and an average break-up value of €185,000 per apartment is expected to attract significant interest.
The portfolio offers a number of value-add opportunities and comes with the benefit of 33 car parking spaces.
The remaining 13 apartments and commercial units within the development are already in private ownership.
Smithfield Lofts is well-positioned in the heart of Smithfield, in Dublin’s north city centre and in the centre of Dublin’s legal district.
Within the immediate vicinity is Smithfield Square, which offers residential amenities including restaurants, convenience retail and a cinema.
The property is only 600 metres from DIT’s new Grangegorman campus, where more than 10,000 students will be located by 2019.
The area is well serviced by public transport facilities, with the Four Courts LUAS Red Line stop located just 360 metres away. There are also a number of bus routes and Dublin Bikes nearby.