Two properties with attractiveness to investors and developers will be auctioned this month with the Offr.io platform.
The more valuable of these is a building lot in the town center of Clonee Plaza, Main Street, Clonee, Co. Meath, with planning permission for 25 apartments and three ground floor commercial units.
Auctioneer Eamon O’Flaherty from Sherry FitzGerald Brady O’Flaherty expects 1.25 million euros for it.
The second property is an investment property located at 6 Townyard Lane in the village of Malahide, Co. Dublin. REA Grimes’ Cara Murphy placed an opening bid of €525,000 on behalf of seller Mazars.
The Clonee compound is rectangular in shape and is located on Main Street. The building permit provides for a mixed-use four to five storey building with 25 apartments, three retail/cafe units on the ground floor (approx. 315 m²) and 35 parking spaces at the rear of the building.
Clonee itself is an expanding commuter town, situated on the border of Meath and Dublin County, just off the M3 motorway and just 9 miles from Dublin city centre. The online auction for the Clonee website will take place on November 24th.
The Malahide investment generates 25,200 euros annual rent from three tenants, which would correspond to a net initial yield of 4.4 percent. In addition, a 35.8 m² ground floor apartment is empty. Formerly a clothing store, this unit has its own door entry, changing rooms and staff area with toilet.
The total area extends to almost 110 m² over two floors and includes two retail units on the ground floor and two office units on the upper floor.
Cult Barber occupies one of the ground floor retail units which has its own entrance.
On the upper floor, the two offices share an entrance, hallway and waiting area. One of these units extends over almost 14.5 m² and the other over 14.2 m².
Ms Murphy said the property could appeal to an owner-occupier looking for a small building with the added appeal of investment income.
This online auction is expected to take place on November 25th.
Malahide benefits from an upscale local population and the seaside town draws many visitors to many local attractions such as Malahide Castle which hosts concerts and events.
https://www.independent.ie/business/commercial-property/sites-with-investor-and-developer-appeal-in-clonee-and-malahide-go-under-the-hammer-42115038.html Investor and developer attractive locations in Clonee and Malahide will go under the hammer