Commercial Property

Social housing among lots selling well over asking at BidX1 auctions

Private and social housing investments have sold for well above their guide prices in Dublin, Cork and Limerick and interest is strong for land with development potential

Charthouse Business Centre, off Richmond Rd, Dublin 3, sold for €1.8 million at auction

The continuing demand from investors for opportunities for both private and social housing investments was reflected in recent BidX1 auctions. Indeed out of all the many lots up for sale, the social housing units achieved the keenest yields as investors were attracted by the guarantee of long-term rental income with leases of up to 25 years.

The most valuable lot in the April auctions saw an Irish investor buy a Dublin north city industrial estate ...