“Owner Leaves Dublin Residential Block Empty for 2 Years to Remove Rent Caps and Sell for Higher Price”

If you are looking for an upscale residential property in south Dublin, then consider the Woodbine House, which is currently on the market for €24 million. This complex features a mix of 35 beautiful apartments and 8 spacious townhouses. Despite being unoccupied for two years, the potential rental income of the property is estimated at €1.47 million annually. Land registry records show that the property is owned by Nilands Limited, and it has been reported that the company CEO, David Niland, is planning to sell the complex to an investor. It appears that Niland deliberately kept the properties empty to remove rent caps, thereby increasing the value of the homes. If you are in the market for a luxurious property in a prime location, look no further than the Woodbine House.