Good return for €1.5m at Riverside Grove

New to market this week at €1.5 million via Lisney is a mixed investment, Riverside Grove, with 18 apartments, all fully let, and 18 commercial units, all on two acres.

It has a current income of €200,000, showing a yield of 12%, with scope to increase this by finding tenants for the remaining commercial space.

Riverside Grove comes for sale as a deal is concluding post a tender offer on an unfinished estate of 26 units housing units, fetching well above its initial €2m guide when launched in September by Cohalan Downing, for over €2.5m.