Wednesday 21 August 2019

Tenanted homes among 33 lots for REA online auction

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Donal Buckley

Donal Buckley

Dublin tenanted residential properties, as well as groups of vacant apartments in Waterford City and Shannon Town, are among the 33 lots with combined guide prices of more than €4m which will be offered by Real Estate Alliance agents in their online auction on July 31.

The most valuable lot is a tenanted four-bedroom, semi-detached house at 166 Ballymun Road, Ballymun, Dublin 9 which has a €270,000 AMV. Located near the Glasnevin end of the road and about 500m from Dublin City University, it comes with a rear garage converted into a self-contained dwelling and the attic of the house has also been converted. The agent could not confirm the rental income.

Another tenanted unit at 1 The Crescent Carrickmines Manor, Dublin 18 has a €210,000 AMV and with annual rent of €6,000, this equates to a gross yield of less than 2.9pc. Well presented, the two-bedroom apartment extends to 754 sq ft.

The Shannon apartments are at 31, 100 and 101 Bru na Sionna and consist of one first floor, two-bedroom 70 sq m unit and two three-bedroom units of about 90 sq m each in Block A and block D. The combined AMV for the three is €175,000.

In Waterford, three apartments at The Courtyard, Summerhill Terrace are being sold individually with a guide price of €80,000 each. Located in a three-block complex, all have two bedrooms. Apartments 27 and 30 are on the ground floor and Apartment 33 is on the first floor.

A potential investment property overlooking Dunmanus Bay, Goleen in West Cork has a €175,000 guide price. Set on 7.5 acres, this detached four-bedroom house was specifically designed for holiday lettings and its outbuildings offer prospects for further development.

In the north Dublin seaside town of Skerries, a three-bedroom bungalow has a €240,000 guide price.

Known as Hazel Cottage, 6 The Square, its accommodation extends to 65 sq m and includes open plan kitchen/living area.

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