Matt Dunne RICS SCSI the Portarlington based Auctioneer is convinced that the four Freehold investment properties that he is currently marketing are ideal for private Investors to buy and place within their personal pensions.
How can you risk investing in shares when it is influenced by currency risk and the whole Brexit debacle? Leaving money on deposit in the bank is a loss-maker so ironically at present property investments offer fantastic returns due mainly to the fact that the Banks are not lending unless it is almost risk free i.e. less than 60% loan to value.
A recent property report confirmed that cash transactions still account for 60% of the market which is simply unbelievable.
Cash is king and yields in excess of 10% or 11% are readily available with these investments.
So these should grab your attention.
Crumlin Road, Drimnagh, Dublin 12 - Ultra modern shop with parking, C. 1,200ft2 adjacent the Gate Bar. Densely populated area. Total rent €38,000 per annum. Guide price €400,000. This guarantees a yield of c. 9%.
Market Square, Tullamore, Co. Offaly - Modern extended 1,400ft2 shop plus 2 refurbished apartments overhead. Shop rent €35,000 per annum plus minimum €10,000 per annum from residential. Guide price €350,000. This guarantees a yield of c. 12%.
Westgate, Clonmel, Co. Tipperary modern shop plus 2 refurbished apartments overheard in a prime location. Shop rent €18,500 per annum plus minimum €10,000 per annum from residential. Guide price €200,000. This guarantees a yield of c.13%.
Main Street, Templemore, Co. Tipperary – modern shop plus 2 refurbished apartments overhead in a prime location.
Ample parking. Shop rent €18,500 per annum plus minimum €10,000 per annum from residential. Guide price €200,000. This guarantees a yield of c. 13%.
These four properties are Freehold and all the properties have recently been refurbished to a very high standard.
The apartments all come with BER certificates, are fully furnished and ready to be let on the open market. What is there to say about the tenant Paddy Power?
One of Ireland’s greatest success stories having recently completed a €7 billion merger with the online betting operator Betfair.
Paddy Power took over the running of these former Hackett Bookmakers in January 2014 and in each case has increased the turnover of each shop substantially, so in Matt Dunne’s opinion there is every chance that this covenant is here to stay for a very long time!
As is standard Paddy Power practice there is a ten year lease in place on an FRI basis in place with a 5 year break clause.
Matt Dunne would like to further comment that Hackett’s have operated successfully from each of these premises, in some cases over 20 years.
The shops are available to view at any time and the residential upper quarters by specific appointment with the Auctioneer.
The four properties can be bought individually or in one lot and the auction will take place on September 28th at 3pm in Wynn’s Hotel, Abbey Street, Dublin 1.
All other queries can be directed to firstname.lastname@example.org.