Prime Residential Investment in Dublin 2 – Exceeds Guide Price
Hooke & MacDonald are pleased to announce the successful sale of an interesting stabilised residential investment at 17 Hogan Place & 2A Hogan Avenue, Dublin 2. Following a competitive public marketing campaign, the property attracted good interest from investors, ultimately achieving a sale price in excess of the €4.6 million guide price.
This well maintained development comprises 14 apartments and six car parking spaces. The property was offered for sale by Hooke & MacDonald either as two individual lots or as a collective lot. There was good interest from investors underscores the demand for well-located, high-quality residential investments in Dublin’s city centre.
The property is ideally located within walking distance of major employers such as Google, Accenture, Stripe, and Airbnb, as well as renowned institutions like Trinity College Dublin and Technological University Dublin. Excellent public transport links, including multiple bus routes and DART stations at Pearse Street and Grand Canal Dock, enhance its appeal for tenants.
Strong Rental Income & Investment Appeal
The development consists of 11 two-bedroom apartments (57-68 sq.m) and three one-bedroom apartments (41-47 sq.m). The total annual rental income generated is approximately €313,188 when fully let, reflecting the strong demand for high-quality rental accommodation in the area.
Conor Steen, Associate Director at Hooke & MacDonald, commented:
“The sale of this residential investment property reflects the underlying demand for stabilised residential developments in central locations. With its central location and strong tenant demand, Hogan Place & Hogan Avenue offered a highly attractive, secure investment opportunity”
For Further Information:
Conor Steen – conors@hmd.ie
David Lawlor – davidl@hmd.ie
Philip Harty – philiph@hmd.ie
