Property advisor Savills Ireland is seeking offers in excess of €30 million for a high-quality residential collection of scale comprising 13 properties situated in prime rental areas across Dublin City.

The collection features a total of 91 fully let residential units positioned across popular neighbourhoods including Clontarf, Glasnevin, Drumcondra, Phibsborough, and Stoneybatter.

Savills said the properties are conveniently grouped closely together for ease of management and benefit from excellent proximity to major transport links and key employment hubs, providing strong appeal to tenants and investors alike.

The collection currently generates a gross passing income of approximately €2.145 million per annum, which equates to an average rent of approximately €1,965 per unit per month.

The 91 units include a unique mixture of studio, 1-bed, 2-bed, 3-bed and 4-bed units offering considerable unit diversification.

"Strong investor interest is expected in this opportunity due to the very attractive returns on offer underpinned by the extremely high-quality assets and the exceptionally robust fundamentals of the Dublin rental market with strong population and employment growth, minimal vacancy and an acute supply / demand imbalance," said Kevin McMahon of Savills Ireland.

"We also expect interest from a number of new investor entrants following the very favourable proposed amendments to the Irish rent regulations which will enable stronger rental growth and overall returns."

Savills said all properties within the collection have been subject to extensive refurbishment programmes and finished to the highest quality, in full compliance with planning and fire regulations and local authority housing standards.

A price of €30 million for the collection offers investors a day 1 gross yield of 7.15%.