Saturday 20 April 2019

Duplex apartment in D1 up for auction with €270,000 AMV

Auction: A duplex apartment at 76 Kirkpatrick House, Spencer Dock
Auction: A duplex apartment at 76 Kirkpatrick House, Spencer Dock
Donal Buckley

Donal Buckley

Real Estate Alliance will host two public auctions in April with as many as 37 lots.

Of those 11 will be auctioned in a Leinster and Dublin auction in Naas, Co Kildare on April 10. Hosted by Dempsey Sothern, the most valuable lot in this auction will be a one-bedroom duplex apartment at 76 Kirkpatrick House, at Spencer Dock, Dublin 1, which has a €270,000 AMV. Extending to 49 sq m (527 sq ft) over ground and first floor, it comes with a parking space.

In the same auction, an end of terrace commercial property at Unit 17, Turvey Business Centre, Donabate, Co Dublin, has a €185,000 AMV. At 220 sq m (2,368 sq ft) over two storeys, its ground floor accommodates 115 sq m (1,238 sq ft) of warehouse space and 50 sq m (538 sq ft) of offices and a toilet. The upstairs extends to 50 sq m. Its warehouse benefits from an electric roller shutter.

As many as 26 properties will be offered for sale at the REA Munster and Connacht auction hosted by REA O'Connor Murphy on April 11 in Limerick. The most valuable lot is a two storey commercial investment at 7a & 7b, Annacotty village, Co. Limerick, which has a €185,000 AMV. Extending to 187 sq m (2,013 sq ft), the property is in two units which generate annual rent of €18,000, suggesting a gross yield of 9.73pc.

Its occupants operate a sports physio clinic under the name IMST (Institute of Massage and Sports Therapy). Each unit has separate entrances at both the front and rear of the building, which accommodates training and treatment rooms along with a spacious office.

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