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  • Writer's pictureDaft.ie Insights
    • Dec 20, 2017
    • 4 min read

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

  1. A development site and three bedroom bungalow

  2. Extending to approximately 5.7 hectares (14 acres)

  3. Previous planning permission granted for 156 residential units

  4. Vacant possession

SOLD €3,100,000

Lot 20: Ellington, Temple Road, Dartry, Dublin 6

  1. A beautifully finished five bedroom detached house

  2. Extending to approximately 227 sq. m (2,443 sq. ft)

  3. West facing rear gardens

  4. Private gated development

  5. Secure off street parking

  6. Schools in the area include Gonzaga, St Mary’s & Alexandra College

  7. Vacant possession

SOLD €1,800,000

Lot 149: 9 Units at Liosban Business Park, Tuam Road, Galway

  1. A multi-unit commercial investment comprising office, retail and restaurant accommodation

  2. Extending to approximately 2,455 sq. m (26,423 sq. ft) in total

  3. Unit 3B let to MCG Catering Limited t/a O’Briens Sandwich Bar

  4. Unit 3A let to an individual t/a Galway Cartridge

  5. Unit 3C let to an individual t/a Blueprint

  6. Unit 5B & 9B let to Rehabcare

  7. 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

  1. A substantial office investment

  2. Extending to approximately 2,157.23 sq. m (23,219 sq. ft)

  3. Ground floor let to Kaptec

  4. First floor let to Coillte

  5. Second floor let to Mayo County Council

  6. Total current net rent reserved €195,495 p.a.

SOLD €1,160,000

Lot 130: Unit 6 Racecourse Business Park, Ballybritt, Co. Galway

  1. A modern retail and office warehouse investment

  2. Comprising trade counter and office accommodation

  3. Extending to approximately 790 sq. m (8,505 sq. ft)

  4. Let to Bord Gais Eireann, Fleetwood Paints, FRS Training & Recruitment & McSharrys Pharmacy

  5. 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

  1. A mixed-use investment

  2. Comprising 1 x restaurant/take-away unit and 7 x bedsits

  3. Extending to approximately 258 sq. m (2,777 sq. ft) in total

  4. Restaurant/take-away unit let to an individual t/a Beshoff Bros.

  5. Remainder vacant

  6. 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

  1. A 23 bedroom hotel

  2. Hotel extending to approximately 3,060 sq. m (32,937 sq. ft)

  3. Site extending to approximately 6.47 hectares (16 acres)

  4. Close proximity to Waterford City

  5. Benefits from function room, bar & lounge and restaurant

SOLD €500,000

Lot 143: 39 Main Street, (The Former Castle Inn), Rathfarnham, Dublin 14

  1. A distinctive Main Street public house

  2. Comprising bar, lounge, restaurant and offices over ground and two upper floors together with basement cellar/cold room

  3. Extending to approximately 446.9 sq. m (4,810 sq. ft) in total

  4. 7 Day Publican’s Licence

  5. Vacant possession

SOLD €750,000

Lot 181: 121/122 Capel Street, Dublin 1

  1. A restaurant investment

  2. Comprising a restaurant and karaoke bar

  3. Extending to approximately 387 sq. m (4,165 sq. ft)

  4. Let to King 7 Bar and Restaurant

  5. 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

  1. A mid-terrace six bedroom house

  2. Extending to approximately 209 sq. m (2,250 sq. ft)

  3. Requires refurbishment

  4. Vacant possession

SOLD €670,000

Lot 142: 17 Main Street, Blackrock, Co. Dublin

  1. A former public house with a one bedroom apartment overhead

  2. Extending to approximately 124 sq. m (1,335 sq. ft)

  3. Potential for conversion to retail (subject to obtaining all necessary consents)

  4. Established trading location

  5. Vacant possession

SOLD €471,000

Lot 94: 6 Orwell Gardens, Rathgar, Dublin 14

  1. A mid-terrace three bedroom house

  2. Extending to approximately 78 sq. m (840 sq. ft)

  3. Gardens to the rear

  4. Vacant possession

SOLD €460,000

Lot 6: 600 The Cubes 3, Beacon South Quarter, Sandyford, Dublin 18

  1. A three bedroom penthouse apartment

  2. Arranged over sixth, seventh & eighth floors

  3. Extending to approximately 169 sq. m (1,819 sq. ft)

  4. One designated parking space

  5. Vacant possession

SOLD €430,000

Lot 91: 602 The Cubes 3, Beacon South Quarter, Sandyford, Dublin 18

  1. A three bedroom penthouse apartment

  2. Arranged over sixth, seventh & eighth floors

  3. Extending to approximately 169 sq. m (1,819 sq. ft)

  4. One designated parking space

  5. Vacant possession

SOLD €428,000

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