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Dublin Road apartment block sells for €920,000

Dublin Road apartment block sells for €920,000

A prominent apartment block on the Dublin Road sold at auction last week for €920,000.

The Kilronan Apartments, beside Old Muirhevna, went under the hammer at the Allsop online auction on Thursday with a reserve range of €900,000 – €950,000.

The flats generate €96,120 in annual rent, suggesting, an initial gross yield of 10.45%.

The development comprises of 11 two bed apartments, which benefit from their close proximity to the Louth County Hospital, Dundalk IT, Xerox Technology Park, the M1 motorway, shops, pubs and other amenities.

The apartments are arranged in two detached blocks and offers off street parking behind secure electronic gates.

Each unit ranges in size form 65sqm to 83sqm (721sq ft to 893sq ft).

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