9 Apartments Lios Mor, Newport, Mayo

2 Bedroom House Contract Deposit Applies
This auction has ended!
Sold at Public Auction
   
Final Bid:
€400,000.00
  • Overview
  • Particulars
  • Agent Details
  • Deposit & Charges Explained

Property Overview

FOR PUBLIC AUCTION ON SEPT. 13th AT THE MENLO PARK HOTEL, GALWAY @ 7PM.

The Connacht Property Auction in partnership with O'Malley Properties

Offered at bids over €400,000

Excellent investment opportunity to acquire 9 apartments. Ranging in size from 57sq to 79sqm. All apartments are 2 bedrooms with one bathroom.

Potential yields of 12% to 14%

8 apartments coming with vacant possession with 1 apartment tenanted

Conveniently located adjacent to all the facilities that Newport has to offer.

This investment opportunity is for sale by the Modern Method of Auction which is a buyer friendly sales process.

Potential buyers can view the property, arrange a survey and have their solicitor check the legal documents as normal.

Newport, County Mayo, is a heritage town at the heart of the Great Western Greenway and located on the shores of Clew Bay. It is a picturesque town nestling on the shores of Clew Bay with the Black Oak River flowing through its centre. Renowned for its excellent fishing, Newport has sea angling in Clew Bay, while the Black Oak River and Beltra Lake are regarded as some of the best fresh water fishing grounds in Europe. The Greenway is a 42km walking and cycling trail which starts in Westport passes through Newport and Mulranny and finishes in Achill.

The 9 apartments are located on the first & second floors in an exclusive apartment block located on Quay Road. The apartment block is serviced with main ...

Apartments 20, 21, 22, 25, 26, 28, 29, 30, 31

TO VIEW OR MAKE A BID: Contact O'Malley Properties on 09826146 or visit: www.connachtpropertyauction.ie

Starting Bid and Reserve Price

*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.

Auctioneer's Comments

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 Rating (BERs)

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.

Property Particulars

Please contact us for more information about this property.

O'Malley Properties

Local Branch: 8 Quay Street, Wesport, MAYO
Head Office: 8 Quay Street, Westport, MAYO

Deposit & Charges Explained

9 Apartments Lios Mor, Newport

Online Auctions

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.

 

Need More Information?

For further information or to speak to one of our team, please call 091 882 121.

Disclaimer

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.

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