A block of six apartments in Dublin 6 is guiding more than €2.6 million – or an average of €433,000 per apartment – through Knight Frank. The Millrace Court scheme on the Clonskeagh Road is producing a rent roll of €160,200, which would indicate a net initial yield of about 6.2 per cent. Joyce House on Lombard Street East in Dublin 2 was bought by a private Irish investor at its guide price of €8.5 million. It came on the market in September last year and was bought by a private Irish investor at its guide price of €8.5 million. Known as Joyce House, the second-generation block was owned by an overseas investor and produces a rent roll of €481,710, which breaks back at just €30 per square foot and €3,000 for car-parking spaces.

Source: The Irish Times February 06, 2019 00:56 UTC