With an ever-increasing number of investors opting for residential portfolios rather than commercial investments, Turley Property Advisers are expecting an exceptional level of interest in a terrace of 12 modern apartments at 2-4 Arran Street East in Dublin 7 which are for sale at €2,250,000.

The purpose-built apartments with three separate entrance doors were developed in 2008 by Cedar Construction.

The 10 two-bedroom apartments and two one-bed units are in constant demand and are currently producing a rental income of €175,000 per annum. An unusual feature of the development is that two parking spaces for each of the apartments are reserved on the adjoining street. A planning permission for two penthouse apartments on the same site has expired.

The Arran Street East development is within five minutes’ walk of O’Connell Street and Temple Bar, according to the selling agent.