Final Allsop sale of 2015
Seven Wexford properties will go under the hammer tomorrow (Wednesday) in the last Allsop auction of 2015.
The properties which are dotted around the county are part of a tranche of 260 commercial and residential properties up for auction nationwide with a total reserve of €45million.
Five of the properties up for sale are priced at excess of €1million and of these five four are commercial properties.
The cheapest property in Wexford has a reserve of €40,000 while the most expensive has a reserve of €130,000.
Apartment 24 in Donovan's Wharf, Crescent Quay in Wexford town has a reserve not to exceed €40,000. This is a second floor two bedroom apartment with views of the River Slaney. There is one allocated car space and the property is subject to a tenancy with a current rent of €7,200 per year.
Clonee in Ballyduff, Gorey is a vacant four bed house with a reserve not to exceed €40,000. The detached property is a two storey house with gardens front and rear.
A vacant end of terrace house at 12 King Street has a reserve not to exceed €50,000. It is a three bed three storey house with a garden to the rear.
A single lot comprising of 90, 91, 93, 94, Mary Street, New Ross has a reserve range of between €75,000 and €85,000. The vacant properties are mixed use retail and residential buildings with a square footage of 5,500. They are three adjoining mixed use buildings and one end of terrace residential building. Any potential conversion or redevelopment would be subject to planning consent.
14, Westpoint Business Park in Clonard has a reserve of between €85,000 and €95,000. The commercial property is a retail warehouse extending of 4,000 square foot and is arranged over ground and part first floor to provide a end of terrace warehouse unit. Internally the property comprises warehouse accommodation at ground floor level together with offices at first floor level.
Surrounding occupiers include Drew Fox Brewing Limited, Philip Murphy Electrical and Curves Fitness.
24 Ashgrove, The Paddocks, Enniscorthy has a reserve of not more than €90,000. This semi-detached three bed house has a garden to the rear and off street parking. It is currently subject to a tenancy at a current rent of €6,072 per annum.
The final property is located at 1 Woodlands Manor, Gorey. It is a detached four bedroom two storey house. There is a garden to the rear and off street parking. It has a reserve of not more than €130,000.
The catalogue is an exciting one with substantial investment opportunities for both commercial and residential buyers. The offering includes many income-producing properties but also a large selection of vacant houses and apartments suitable for owner-occupiers and buy-to-let investors.
Robert Hoban, Commercial Director & Auctioneer, said: 'As we approach the end of another year, we can look back on an eventful, but encouraging, twelve months for the property market. The new lending rules are in place for residential owner occupiers and are now well established and understood. The commercial investment market has witnessed a continued level of healthy activity.
'The rental market continues to seek a release valve to relieve some of the upward pressure on prices. As more vacant residential properties come to the market, such as in this latest catalogue, demand should be further met by supply.
'Over 260 properties will feature in our December auction, many of which are suitable for immediate occupation. Additionally, the approaching year-end signals an opportunity for funds to secure investments within the 2015 financial year.'