Bumper June auction to suit residential investors
Published 27/05/2011 | 05:00
Gunne's have lined up a number of keenly priced residential investments including a choice of houses as well as a residential development prospect for a bumper auction on June 30. In all 10 properties will be auctioned at least five of which would suit investors. The catalogue includes apartments, houses and period properties and at least one has Section 23 tax relief.
Gunne director Marian McQuillan explains: "These are not distressed sales, but properties which we have had on our books for a while."
Dublin 6W own door unit
On Dublin's southside, No 1 Mountainview Mews, Harolds Cross, Dublin 6W, is a three-bed, top-floor, own-door apartment. It comprises of two double bedrooms, one single bedroom, main bathroom, spacious living area with door to courtyard and a separate kitchen.
As well as a designated parking space it has a rental income of €13,200 per annum. A reserve price of €130,000 has been set.
Rathgar period house
In elegant Kenilworth Square in Rathgar, Dublin 6, number 9 is a real bargain. This imposing two-storey over-garden-level Victorian terraced house has a reserve of €425,000. And while the property needs refurbishment, homes in Kenilworth Square sold for between €2.25m and €2.5m in 2007.
It has been rented in two units: a basement flat and three-bed home upstairs. Retaining many original features accommodation includes a hall, drawing room, dining room, kitchen, pantry, bathroom and three double bedrooms.
To the rear is a 40ft-long garden, while at garden level, there is additional accommodation, which if refurbished and rented out as a self-contained apartment would generate an income of between €12,000 and €14,000 per annum.
At nearby 25 Kenilworth Lane, Dublin 6, a site measuring 45ft wide by 50ft deep is selling with a reserve of €30,000.
Dublin 16 semi
In Dublin 16, number 74 Barton Road Extension in Rathfarnham is an attractive four-bed semi-detached home with a garage.
Located in a quiet cul-de-sac overlooking a green area, this has the potential to be either a family home, or could be rented out.
Just off Grange Road and close to Rathfarnham village, Nutgrove Shopping Centre, Churchtown and Dundrum, it would appeal to young professionals looking to rent in a good area. It comprises a hall, living room, dining room, kitchen-cum-breakfast room, guest WC, four double bedrooms and a main bathroom.
Gunne Residential estimate a rental income of between €18,000 and €19,000 per annum, and the property has an AMV of €260,000.
Dublin 8 flat
In the heart of the city-centre, 91 Citygate Apartment, St Augustine Street, Christchurch, Dublin 8, is another gem.
Just a few minutes walk from Grafton St and close to St James's Hospital the Citygate development is in a prime rental area, attracting hospital staff and young people.
A decent-sized one-bed unit, number 91 comprises of a small hall, living area, separate fitted kitchen, bathroom, double bedroom and balcony overlooking the inner courtyard.
It has a rental income of €8,400, and a reserve price of €75,000 has been set.
In north Co Dublin, Apartment 11, Linnen Hall, Georges Hill, Balbriggan, is an ideal investor opportunity. This well-presented one-bed apartment in the heart of Balbriggan town and just two minutes walk from the train station comes with Section 23 relief worth around €50,000.
Located in a contemporary-style building with landscaped garden for residents, Linnen Hall is beside amenities and is a short walk from the harbour.
Presented in pristine condition, this one-bed unit with a balcony has a reserve price of just €60,000 and a rental income of approximately €8,400.
In Castleblayney, Co Monaghan, 11 Choill Darach is an attractive three-bed semi on the outskirts of town.
Presented in excellent condition, this modern three-bed home is currently rented for €130 per week, generating an annual income of €6,760 per annum.
A reserve price of €75,000 has been set.