BidX1 Launch Irish Catalogue Featuring Over 250 Properties
BidX1, the Property Trading Platform, have launched a large and varied catalogue for their upcoming Irish sale on 22nd & 23rd May, with more than 250 properties to be offered on the BidX1 digital platform. The sale will kick-off with residential properties on Wednesday 22nd May while bidding on commercial properties will open the following day. A further selection of residential properties will feature that afternoon. The full catalogue can be viewed here.
Bernard Cully, Sales Director at BidX1, commented on the launch of the new assets:
“2019 has already been a significant year for us as we extend our presence to multiple international markets. Our first digital property sale in South Africa took place last month, and we have further broadened our international footprint into two new markets, with offices and staff now operational in Spain and Cyprus.
Of course, the BidX1 platform was built in Ireland and we’re very pleased to be bringing such an extensive Irish catalogue to market this month. Attractive yields and strong covenants will interest investors, while the range of houses and apartments nationwide will provide ample opportunities for potential owner-occupiers.”
Highlights among the wide selection of houses on offer include the Old School House in Naas, a pretty five bedroom house reserved at €360,000, and Oak Tree Lodge in Kilcullen, a six bedroom house on almost 8 acres. Stand-out Dublin houses include an attractive four bedroom house in Saggart reserved at €575,000; a three bedroom end of terrace situated on iconic Synge Street in Portobello; and a spacious four bedroom house in Whitehall. Those seeking an apartment will have plenty of options: a duplex in the exclusive Farmleigh Woods development in Castleknock and a two bedroom apartment in Dun Laoghaire are among the highlights.
Residential investors will be attracted by the many properties with potential to add value, but this catalogue offers an additional incentive: rare opportunities to acquire period properties or unique investments. 57 Blessington Street in Dublin, a Georgian house arranged into 7 studio apartments, is one such opportunity, being offered with a guide of €750,000. Outside the capital, and with a more modest price-tag, a courtyard of seven houses in Gorey offers an attractive rural setting. Lot 178, a former church and parochial house in Portumna, is a unique character-property and the ecclesiastical theme is continued at the nearby Nunnery, a portfolio of 6 apartments in an attractive stone building, reserved at €230,000.
The commercial offering is a varied one, with strong covenants such as Boots and Paddy Power, as well as attractive yields which will interest investors. A mixed-use investment in Ballyboughal carries the highest guide price at €840,000. Comprising 4 x retail units and 1 x office, the property is fully let with a total annual rent of €93,600. Another mixed-use investment, this time in Celbridge, comprises a retail unit let to Paddy Power, a restaurant trading as River King Chinese and a communication mast licence in favour of Meteor. Generating €89,000 per annum, the property is guiding €750,000.
Other commercial highlights include 4 adjoining warehouses at Fashion City in Dublin 12; a retail unit let to Boots with offices overhead on Tramore’s Main Street, and 12 warehouses at Rock Industrial Estate in Cashel generating €101,290 annually from the 4 units which are currently occupied.
Nestled at the foot of Brandon Mountain on the Dingle Peninsula, Mount Brandon Hostel provides an opportunity to acquire a successful, well-regarded hospitality business in one of Ireland’s most popular visitor destinations. Catering for up to 50 people, the guest-house has 12 bedrooms, two apartments and a retail unit, all situated on 0.6 acres, with stunning views of the Atlantic Ocean.
Further details of commercial and residential highlights are listed below, and the full catalogue is available here.