Recent weeks have witnessed a number of eye-catching industrial sales in the commercial property market, writes Donal Buckley.
Three Temple Bar apartments owned by the company headed by independent TD Mick Wallace are among 70 properties which Allsop Space will auction online after the three failed to sell in last month’s auction. The auctioneer has reduced the guide prices
Demand for industrial investment in Stillorgan and Sandyford’s industrial estates is underlined by the sale of 21 Spruce Avenue on the Stillorgan Industrial Estate.
The largest deal was for a five-bed family home in Dartry which sold for €3.5 million, writes Donal Buckley.
With vacancy rates in Dublin’s prime city centre office areas reportedly down to just 3 per cent, accommodation on the fringes is now much in demand by both occupiers and investors alike.
The wind-up of the capital gains tax exemption last year has failed to dampen investor enthusiasm, writes Donal Buckley.
Price rises may make it more difficult for corporates to purchase large lots of apartments, writes Donal Buckley.
While quantitative easing may lead to a rise in residential rents, it will mean good news for the retail investor as increased consumer spending improves yields
Most of the 105 residential properties that Allsop Space will auction on February 18 will qualify for the low 10 per cent mortgage deposit threshold for first-time buyers, because the majority of the residential lots are priced at less than €220,000.