Newstalk
Newstalk

09.47 31 Aug 2017


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An apartment block in north Dublin has gone up for sale for €9.25m.

Smithfield Lofts on North King Street is to be offered for sale by private treaty with an average breakup value of €185,000 per apartment.

It is being sold on the instruction of its receiver, David Carson of Deloitte.

Built in 2000, the development is made up a five-storey over basement building containing apartments, town houses and commercial units.

Forty-four apartments, six townhouses and 33 car spaces form part of this sale - with the other 13 apartments and commercial units in private ownership.

Image: Savills Ireland

There are 16 one-bedroom apartments ranging from 40-59 sq m; 28 two-bed units ranging from 54 -75 sq m and six two-bedroom townhouses ranging from 65-82 sq m.

The units are located in an L-shaped block around a central courtyard and have lift services to all floors.

The 33 car parking spaces are located in an underground gated car park.

Selling agent Savills Ireland says the it is currently 98% occupied with gross rental income of around €638,664 per year.


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