The Leinster Property Auction in partnership with Team Lorraine Mulligan RE/MAX Results.
Offered at bids over €3,000,000
We welcome you to view this superb investment of an entire block of 18 tasteful apartments located in an ideal and fantastic location.
There are ten 1 bedroom apartments, seven 2 bedroom apartments and one 3 bedroom apartment being offered in one lot. All 18 apartments are currently tenanted with signed lease agreements in place. If any of the apartments where to become vacant it’s safe to say that it would be let again almost immediately, this is due to the strong demand for rental accommodation in the area. The rent is generating €240,000 per annum with a potential to generate an additional €270,000 per annum at current market rents.
The “Latouka Apartments” are a very attractive apartment block with each apartment enjoying its own door. There are no lifts or communal hallways making this an easy to manage development. There is ample, safe and private split level parking facilities within this small electronic gated development. The communal areas are wonderfully mature with tasteful lawns as well as a hedge and tree lined boundary. This is a very attractive property in general.
“Ballyowen” is a hugely sought after area in Lucan. This mature and established development offers the dream location as it is within walking distance of excellent schools, shops, and the bustling and village of Lucan and its huge selection of amenities. “Latouka” is minutes from the M50 motorway, the “Liffey Valley Shopping Centre”, “The Super Valu Shopping Centre”, the prestigious “Kings Hospital” secondary boarding school”, The “Hermitage Hospital”, “St. Edmundsbury Hospital” and “St. Lomans” Hospital and Dublin city centre is only 13 kilometres away. There is ample of sporting facilities in the area as well as “Lucan Golf Club” and “The Hermitage Golf Club”
This is a wonderful opportunity to acquire a superb investment opportunity
FEATURES INTERNAL:
All blinds included in sale
All light fittings included in sale
Own door apartments
Mains water, mains sewerage.
Natural gas central heating.
FEATURES EXTERNAL:
Double glazed windows
PVC facia & soffit
Outside lights
Landscaped mature gardens
Electronic front entrance gate
Property not overlooked to the back
DIRECTIONS TO GET TO THIS PROPERTY:
Head northeast on N4 toward Exit 3, At junction 3, take the R136 exit to Ballyowen//Lucan, Turn right onto R136, Turn left onto “Ballyowen Road” then take the 2nd left onto “Ballyowen Lane”. Continue straight and “Latouka Apartments” will be the second apartment block on your right hand side.
DUBLIN BUS SERVICES FOR THE AREA
25 Merrion Square-Dodsboro via Lucan village
25A Merrion Square-Esker Church via Foxborough,Finnstown Abbey
25B Merrion Square-Adamstown Railway Station via Foxborough,Finnstown Abbey
25D Merrion Square-Adamstown Railway Station via Newcastle Rd
25N Westmoreland Street-Adamstown
25X UCD Belfield-Dodsboro via city centre,Lucan village
66 Merrion Square-Maynooth (straffan Road) via Lucan village,Leixlip
66A Merrion Square-Leixlip (Captains Hill) via Lucan village,Leixlip
66B Merrion Square-Leixlip (Castletown HP factory) via Lucan village,Leixlip
66N Westmoreland Street-Leixlip (Louisa bridge)via Glen Easton
66X UCD Belfield-Maynooth/Captains Hill/Castletown via Lucan By-pass
67 Merrion Square-Maynooth Railway Station via Lucan village,Celbridge
67N Westmoreland Street-Maynooth via Celbridge
67X UCD Belfield-Celbridge (Salesian College) via Lucan By-pass
SCHOOLS IN THE AREA:
Gaelscoil Eiscir Riada (01) 6210342
Adamstown Castle (01) 6540088
Esker Educate Together (01) 6547010
Griffen Valley Educate Together (01) 6219819
Lucan East Educate Together (01) 6212690
To view this property or to make a bid please contact Team Lorraine Mulligan of REMAX Results, Tel: (01) 6272770 / 6283660 or email us at office@teamlorraine.ie or visit the auction website at www.leinsterpropertyauction.ie
*Please note all properties are subject to a starting bids price and an undisclosed reserve. Both the starting bid and reserve price may be subject to change. Terms and conditions apply to the auction, which is powered by IAM Sold Property Auctions.
This property is offered for sale by unconditional auction. The successful bidder is required to pay a 10% deposit and contracts are signed immediately on acceptance of a bid. Please note this property is subject to an undisclosed reserve price. Terms and conditions apply to this sale.
Building Energy Ratings (BERs) give information on how to make your property more energy efficient and reduce your energy costs. All properties bought, sold or rented require an BER. BERs carry ratings that compare the current energy efficiency and estimated costs of energy use with potential figures that your property could achieve. Potential figures are calculated by estimating what the energy efficiency and energy costs could be if energy saving measures were put in place. The rating measures the energy efficiency of your home using a grade from ‘A’ to ‘G’. An ‘A’ rating is the most efficient, while ‘G’ is the least efficient. The average efficiency grade to date is ‘D’. All properties are measured using the same calculations, so you can compare the energy efficiency of different properties.
Please contact us for more information about this property.
A non-refundable contract deposit of 10% (minimum deposit of €6,500.00) is required to be paid by the successful bidder for this property.
A Bidder Security Deposit of €4,500.00 is required to be pre-authorised from the bidders debit or credit card through the payment facilities on the auction website when registering to bid. A bidder has also the option of transferring the minimum deposit amount by bank transfer to iamsold's client account to authorise them to bid on the Online Auction (please note, this option may take several days).
The pre-authorisation amount will only be captured from the successful bidder on acceptance of their bid. This will form part of the non-refundable part payment contract deposit.
Any balance of the full contract deposit must be paid by the successful bidder to iamsold within 48 hours of acceptance of their bid. The deposit balance can be paid by debit/credit card, or same day bank transfer to iamsold's client account.
All unsuccessful bidders will have their pre-authorisations released OR their bank transfer refunded within 5 working days of conclusion of an auction or withdrawal of the Lot from the Online Auction.
Bidders are required to pay a non-refundable €50.00 (including 23% VAT) registration fee per property they register to bid on.
For further information or to speak to one of our team, please call 01 687 5040.
These particulars, whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements or representation of fact, but must satisfy themselves by inspection, measurement or otherwise as to their accuracy. No person in this firms employment has the authority to make or give any representation or warranty in respect of the property. Properties may be sold via online auction or public auction and bids made prior to public auction may be accepted by the vendors. IAM Sold and our partner auctioneer will share relevant personal information and transactional updates with each other so that we can effectively market and sell properties including the arrangement of viewings and follow up.
