Wednesday 18 September 2019

Bank of Ireland branch premises for auction

For sale: BoI’s premises at 59 Main St, Loughrea, Co Galway
For sale: BoI’s premises at 59 Main St, Loughrea, Co Galway
Ronald Quinlan

Ronald Quinlan

BidX1 will be offering over 200 properties for sale in its final auction of 2018.

Arguably, the highlight of the sale which takes place over two days will be the auction of eight Bank of Ireland premises located in Dublin and across the country. Taken together, the bank branch properties carry a combined guide price of just over €10m.

The most expensive lot is the premises at 59 Main Street, in Loughrea, Co Galway. The property, which is let to Bank of Ireland until 2032, is guiding a price of €1.89m.

The seven other bank premises, all of which are let to Bank of Ireland, are: 312 Ballyfermot Road, Ballyfermot, Dublin 10 (€1.75m); Abbey Square, Enniscorthy, Co Wexford (€1.4m); 68 Main Street, Longford (€1.35m); Roscrea, Co Tipperary (€1.1m); 93 Strand Street, Skerries, Co Dublin (€950,000); Emily Square, Athy, Co Kildare (€865,000), and Main Street, Edenderry, Co Offaly (€710,000).

Multi-unit investments, both fully residential or mixed-use, also feature in the upcoming sale. Two interconnecting Georgian buildings on Blessington Street in Dublin 7 come with a large industrial unit to the rear and the entire lot is guiding €1.4m.

A building comprising eight apartments in Harold's Cross, seven of which are tenanted with a total annual rental income of €98,640, is guiding €950,000.

Elsewhere, a three-storey office building in Dundrum is guiding €980,000 while a restaurant which is let to French eatery Chez Max at the gates of Dublin Castle in Dublin 2 is guiding a price of €625,000.

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