Asking of €1.1m, sold for the specific number of €1.36155m. These places are renting for €5k a month at the moment but I’m guessing it’s more corporate lets rather than people renting at this level in this location.
What to Pinsters think? Are Penthouses in Grand Canal at this level?
I think I understand the attraction (security) of expensive apartments for rich people who spend a lot of time out of the country but you’d have to be out of your mind to buy this to let at 4% yield, surely?
It only takes someone to build bigger/nicer ones nearby and you could lose hundreds of thousands of euros.
The nicer buildings in Grand Canal Dock (Hanover Dock etc) are astonishingly expensive, particularly with a view over the water, and particularly if that view is south-facing. In fairness, I can kind of see the attraction of this one if money was no object; it has a large south-facing terrace overlooking the water, and is walking distance to the city center; rare commodity in Dublin. I’m not sure who’s actually buying them, though
For more normal apartments, I assume a lot of the price premium comes from the rental market, which is very strong, but I can’t see this one ever being a great investment for rental purposes.