The Leinster Property Auction in partnership with RE/MAX, Tallaght
Offered at bids over €270,000
We welcome to the market, this 3-bed semi-detached property spanning to approximately 75 sq.m. with separate living accommodation to the rear in a highly sought-after area of Dublin 12.
Accommodation is laid out with well-proportioned rooms and briefly comprises kitchen/dining room, living rooms, 3 bedrooms (2 double and 1 single) and main bathroom.
There is a HAP approved tenant in situ and the property is ripe for renovation and modernisation.
The rear garden houses a C.44sqm single storey building which comprises a kitchen/dining/living room, bathroom and one bedroom. The building is known as 74A St Conleth’s road and has its own access from the street. It is our understanding that planning permission has been granted for this unit and it has not been rented in recent years therefore allowing a market rent of circa €1300 to be obtained. There is a further large block built shed at the end of the garden.
With an enviable location on the ever popular St. Conleth’s Road every conceivable amenity is on your doorstep. All schools, shops, churches, sporting and recreational facilities are located within walking distance. Public transport is catered for with bus routes to the city centre and surrounding suburbs. The Luas is also located close by at Kylemore. The M50 and N7 motorways are all within minutes from the door making for easy access to the greater Dublin area and surrounding counties.
The 3 bedroom property is currently rented at €1100 pm / €13200 and being sold with tenants in place. This can be increased 4% to increase to €13,728 pa. The market rent for this unit in good condition is €2400 / €28,800 once you can comply with the rent increase regulations.
The one bedroom unit has not bee rented for more than 2 years and therefore can be rented at full market rent of c. €1300 pm / €15,600 pa.
Therefore currently rent as above gives c. €29,000 pa (10.7% yield) and with increase to full market rent the rent would be €44,400 (16% yield).
BER F / BER no.: 109129627
TO VIEW OR MAKE A BID - Contact RE/MAX, Tallaght on 01 4627 227 or The Leinster Property Auction, 01 687 5040 - 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.
