Greystones apartment block for €1.25m

Harbour View has four two-bed and four three-bed units
Harbour View has four two-bed and four three-bed units

A block of eight apartments overlooking Greystones harbour is on the market through Hooke & MacDonald for €1.25 million, which averages at €156,250 per unit.

Harbour View, which was built in 2003, comprises four two-bed and four three-bed units ranging in size from 60sq m (646sq ft) to 90sq m (969sq ft). It is convenient to the Dart station (750m away) and the amenities of Greystones village including shops, restaurants, buses, sports and leisure facilities. The M11 motorway is 3.9km away.

All the apartments, bar one for viewing purposes, are let and are producing a combined rent roll of €76,440. Most of these tenancies were agreed in 2011 to 2013 and these historic rents average €875 per month per apartment.

However, two-beds in the area currently rent at up to €1,000 a month, while three-beds make up to €1,150. When fully let, the annual rent roll at Harbour View could rise to about €103,200.

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The apartments come fully furnished and there is communal car parking. Energy ratings range from D1 to E1 while Gold Shield storage heating is standard.

Greystones won the international LivCom Awards gold medal in recent years for the creation of liveable communities.