Sunday 8 December 2019

Investor units among 32 lots at REA auctions

Sub-divided: Unit 1, Shamrock Business Park, Carlow
Sub-divided: Unit 1, Shamrock Business Park, Carlow

More than 30 lots will go for auction between two Real Estate Alliance auctions next month.

On December 12, REA will host an online auction with 15 lots from around the country, of which the most valuable lot is a portfolio of four vacant houses near Athlone town which have a combined guide price of €400,000.

Located at 1A, 3A, 4A and 5A Newpark Village, Kiltoom, Co Roscommon, each of the three-bedroom terraced units extends to 111.5 sq m. Newpark Village is a small development of eight houses which is close to Lough Rea and Hodson Bay hotel.

On December 11, four commercial investment lots are among the 17 lots at REA Dempsey Sothern's public auction of Leinster properties which will take place in Naas, Co Kildare.

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Among them are two units at Shamrock Business Park, on the western edge of Carlow Town, and each of these is being sold in separate lots with €250,000 AMVs plus VAT.

Unit 1 Shamrock Business Park extends to 471 sq m and generates €1,722 per month, including VAT, or €20,664 per year.

It is currently sub-divided with the principal tenant retaining storage to the rear and sub-letting a section to Johnson Mooney & O'Brien and the Laser Clinic. The lease is held on a casual basis.

Unit 4 extends to 665 sq m and is leased at €1,537 per month, including VAT, or €18,444 per year.

Auctioneer Harry Sothern says this is a short-term lease and intending purchasers may opt for vacant possession.

A portion of this premises is also sub-let.

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