The Connacht Property Auction in partnership with Gerry Rowland Auctioneer.
Offered at bids over €575,000
Huge investment opportunity ideally located in the town of Ballina and close to the Town Cathedral and the famous fishing River Moy.
Hillside - Five x1 bed, fully self-contained units. Four 1-bed & one 2 bed. One has a separate entrance. Comes with bunded oil tank, boiler house and utility/storage room to the rear. All units fully furnished and let.
Salmon Court - Consists of Two x 2 bed semi-detached townhouses & Two large modern apartments. One 1-bed & one 2-bed. With separate entrances. All fully furnished.
There is a paved area to the rear of both houses and also a separate shed. Salmon Court was designed and fitted out to Failte Ireland, 4 star self catering standard. It is accessed through electronic gates and there are 6 designated parking spaces shared between Hillside & Salmon Court.
This Property has huge Rental Potential, given its superb location, so close to the Town Centre combined with very secure parking. Ideal as Self Catering or perfect Airbnb accommodation.
The current rent is €51,320 p.a with one 2 bed Town House vacant at present with a current market rent of €8,100 a year once tenanted.
The rental achievable now is €59,420 per annum once fully let.
Lease details can be provided upon request.
There is definitely potential to increase rental income further if some or all of the units were managed for self-catering or air B&B.
Salmon Court units were previously managed for self-catering and were very popular given their location and secure off street parking.
Approx. 15 minute drive to the seaside resort of Enniscrone and a 40 minute drive to Knock Airport. All units are fully furnished and let.
1 Salmon Court – BER E1 / BER no. 112513924
2 Salmon Court – BER E1 / BER no. 112513924
3 Salmon Court – BER D2 / BER no. 112513908
4 Salmon Court – BER D2 / BER no. 112513916
5 Salmon Court – BER E1 / BER no. 112513940
1 Hillside – BER E1 / BER no. 112514039
2 Hillside - BER D1 / BER no. 112513973
3 Hillside - BER F / BER no. 112514013
5 Hillside - BER E2 / BER no. 112513965
TO VIEW OR MAKE A BID- Contact The Connacht Property Auction or visit www.connachtpropertyauction.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. The buyer will be granted 28 days from the date of exchange to complete the purchase. 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 home more energy efficient and reduce your energy costs. All homes 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 home 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 homes are measured using the same calculations, so you can compare the energy efficiency of different properties.
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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.
The minimum deposit amount noted above 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 bank draft (made out to iamsold), same day bank transfer to iamsold's client account or by debit card.
All unsuccessful bidders will have their pre-authorisations released immediately 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.
A 10% non refundable contract deposit (minimum deposit of €6,500.00) is payable immediately on the fall of the hammer for a successful bid. The deposit must be paid in cleared funds either by Bank Draft (made out to iamsold) or by Debit Card.
For further information or to speak to one of our team, please call 091 882 121.
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.