Final BidX1 Auctions of 2017 Net Over €36m
BidX1’s final auctions of the year have resulted in sales of over €36m with all of the results available to view here.
Richard O’Neill, Director at BidX1 and Head of Commercial Auctions, commented:
“2017 has been a landmark year for us with the re-brand of our online trading platform as BidX1 and we’re pleased to have ended on such a high note with sales of over €36m at our December auctions. A development site in Blarney topped the commercial sales, selling for €3.1m, while our headline residential property was Ellington in Dartry, Dublin 6, a beautifully finished five bedroom house which sold for €1.8m.”
The highest commercial price was achieved by a prime residential development site in Blarney. Having been granted previous planning for 156 units and extending to 14 acres, the site sold for €3.1m. A multi-unit commercial investment in Liosban Business Park, Galway, attracted very competitive bidding before finally selling for €1.17m – €220k above the guide price. Another Galway property, a warehouse investment in Ballybritt let to tenants including Bord Gais and Fleetwood Paints, was also the subject of intense bidding – 110 bids were placed, resulting in a final sale price of €857,000, €382,000 above the guide. A substantial office investment in Castlebar, generating almost €200,000 per annum, which sold for €1.16m, was another highlight.
Pubs and restaurants were some of the strongest performers. Beshoff Bros. restaurant/take-away in Howth sold for €800,000, the former Castle Inn in Rathfarnham sold for €750,000; and an Asian restaurant and karaoke bar on Capel Street, Dublin 1, sold for €700,000. The former O’Donohoe’s pub on Main Street, Blackrock, attracted 38 bids, selling for €471,000 while the former Waterford Manor Hotel in Killotteran sold for €500,000.
Highlights
Lot 170: 5.7 Hectares (14 acres) Development Site, Gleann Fia, Bawnafinny, Blarney, Co. Cork
A development site and three bedroom bungalow
Extending to approximately 5.7 hectares (14 acres)
Previous planning permission granted for 156 residential units
Vacant possession
SOLD €3,100,000
Lot 20: Ellington, Temple Road, Dartry, Dublin 6
A beautifully finished five bedroom detached house
Extending to approximately 227 sq. m (2,443 sq. ft)
West facing rear gardens
Private gated development
Secure off street parking
Schools in the area include Gonzaga, St Mary’s & Alexandra College
Vacant possession
SOLD €1,800,000
Lot 149: 9 Units at Liosban Business Park, Tuam Road, Galway
A multi-unit commercial investment comprising office, retail and restaurant accommodation
Extending to approximately 2,455 sq. m (26,423 sq. ft) in total
Unit 3B let to MCG Catering Limited t/a O’Briens Sandwich Bar
Unit 3A let to an individual t/a Galway Cartridge
Unit 3C let to an individual t/a Blueprint
Unit 5B & 9B let to Rehabcare
Total current rent reserved €83,400 p.a. with vacant possession of 4 x office units
SOLD €1,170,000
Lot 140: Cedar House, Moneen, Castlebar, Co. Mayo
A substantial office investment
Extending to approximately 2,157.23 sq. m (23,219 sq. ft)
Ground floor let to Kaptec
First floor let to Coillte
Second floor let to Mayo County Council
Total current net rent reserved €195,495 p.a.
SOLD €1,160,000
Lot 130: Unit 6 Racecourse Business Park, Ballybritt, Co. Galway
A modern retail and office warehouse investment
Comprising trade counter and office accommodation
Extending to approximately 790 sq. m (8,505 sq. ft)
Let to Bord Gais Eireann, Fleetwood Paints, FRS Training & Recruitment & McSharrys Pharmacy
Total current rent reserved €72,085 p.a. (current rent passing is €59,095.96 p.a.)
SOLD €857,000
Lot 161: 12 Harbour Road, and 55 Church Street, Howth, Co. Dublin
A mixed-use investment
Comprising 1 x restaurant/take-away unit and 7 x bedsits
Extending to approximately 258 sq. m (2,777 sq. ft) in total
Restaurant/take-away unit let to an individual t/a Beshoff Bros.
Remainder vacant
Current rent reserved €30,000 p.a. with stepped increase to €40,000 p.a.
SOLD €800,000
Lot 174: Former Waterford Manor Hotel, Killotteran, Co. Waterford
A 23 bedroom hotel
Hotel extending to approximately 3,060 sq. m (32,937 sq. ft)
Site extending to approximately 6.47 hectares (16 acres)
Close proximity to Waterford City
Benefits from function room, bar & lounge and restaurant
SOLD €500,000
Lot 143: 39 Main Street, (The Former Castle Inn), Rathfarnham, Dublin 14
A distinctive Main Street public house
Comprising bar, lounge, restaurant and offices over ground and two upper floors together with basement cellar/cold room
Extending to approximately 446.9 sq. m (4,810 sq. ft) in total
7 Day Publican’s Licence
Vacant possession
SOLD €750,000
Lot 181: 121/122 Capel Street, Dublin 1
A restaurant investment
Comprising a restaurant and karaoke bar
Extending to approximately 387 sq. m (4,165 sq. ft)
Let to King 7 Bar and Restaurant
Current rent reserved €100,008 p.a., current rent passing €78,000 p.a.
SOLD €700,000
Lot 3: 43 Upper Rathmines Road, Rathmines, Dublin 6
A mid-terrace six bedroom house
Extending to approximately 209 sq. m (2,250 sq. ft)
Requires refurbishment
Vacant possession
SOLD €670,000
Lot 142: 17 Main Street, Blackrock, Co. Dublin
A former public house with a one bedroom apartment overhead
Extending to approximately 124 sq. m (1,335 sq. ft)
Potential for conversion to retail (subject to obtaining all necessary consents)
Established trading location
Vacant possession
SOLD €471,000
Lot 94: 6 Orwell Gardens, Rathgar, Dublin 14
A mid-terrace three bedroom house
Extending to approximately 78 sq. m (840 sq. ft)
Gardens to the rear
Vacant possession
SOLD €460,000
Lot 6: 600 The Cubes 3, Beacon South Quarter, Sandyford, Dublin 18
A three bedroom penthouse apartment
Arranged over sixth, seventh & eighth floors
Extending to approximately 169 sq. m (1,819 sq. ft)
One designated parking space
Vacant possession
SOLD €430,000
Lot 91: 602 The Cubes 3, Beacon South Quarter, Sandyford, Dublin 18
A three bedroom penthouse apartment
Arranged over sixth, seventh & eighth floors
Extending to approximately 169 sq. m (1,819 sq. ft)
One designated parking space
Vacant possession
SOLD €428,000
