The high-yielding Meakstown Shopping Centre in Finglas, Dublin 11, is one of the most notable investment properties going for sale at Allsop’s final commercial auction of the year at the RDS on December 9th.
A reserve price of €2 million-€2.4 million has been set for the centre which comprises five retail units, a creche, bar, restaurant and a gym. The nine units extend to 2,821sq m (30,364sq ft)and are all occupied, with the exception of the gym.Tenants include Boyle Sports, Hickey’s Pharmacy, Macari’s and Eurospar, with a weighted unexpired average lease term at 12.69 years.
Has your property been on the market for ages? Or are you just needing to sell quickly? Selling your property at auction is cost effective, simple, fast and stress free, so get the ball rolling and give us a ring!
We offer a free, no obligation appraisal to identify suitable properties and their worth, and if you decide to progress, then our auctioneers will advise you on everything that you need to know including setting the right reserve price, managing the viewings, and advising you on how to complete the legal documents, etc.
What are some of the benefits of selling at auction?
It's important that you view a property before you bid for it at auction. There are so many things to consider and often the most important questions are forgotten.
Ask the relevant questions by taking our helpful checklist with you on your viewing. It may also be useful to take along the property details supplied by the auctioneer to ensure that their information is accurate.
Also check the property for signs of subsidence and confirm that the exterior is in good condition especially the roof and drainage. Double check the boiler, electrics and plumbing in the property and make sure they are
If you’re moving house, the first thing to do is finalise your moving date, and then you can start ticking things off your checklist. Use our guide below so you don’t forget anything:
Four weeks before you move house:
Book a removals company as soon as possible. This will guarantee you get the date and the company you want. Keep in mind that weekend moves are likely to be more expensive.
Check your home contents insurance policy to see what cover you have regarding moving home. Your removal company may provide this if you are not covered.
The main advantage of buying a property at auction is that you avoid the lengthy process of buying a house in the traditional way. At auction, the process happens in a matter of minutes rather than months and when the hammer falls, you own the property.
The other many benefits of buying property at auction are listed below. If these don't convince you, nothing will!
Low prices
Auctions really do offer the chance to secure property at bargain prices. Thousands of properties are sold at auction in the UK every year - and many are hard to value, meaning they often sell at below market value. You
UK house prices increased by 1.1% between September and October and re up 2.8% quarter on quarter and 9.7% year on year, the latest property index shows.
This means that the average house price is now over £200,000 at £205,240, according to the Halifax index data and the report says that house price optimism remains high.
The 1.1% monthly rise followed a previous month’s fall of 0.9% and the market is up and down with the quarterly figures being more reliable in terms of indicating overall trends, according to Martin Ellis, the Halifax’s housing economist.
Sales at Auction House London hit a record high this week at its sale at the Landmark London Hotel (Tuesday 27 October 2015), with a total value of £25,472,120.
The most significant lot in the sale reached £4.9m before being sold – breaking a second record for the award-winning brand by becoming the highest value property ever sold by Auction House London. The empty site in the centre of Luton had a guide price of £4.5m. It is close to the university and has planning permission to build accommodation for 180 students, plus 84 flats and an area for shops.
A property auction can be a thrilling and efficient way to sell property fast, and secure a guaranteed sale.
Exchange contracts on property auction day
Sale guaranteed upon fall of the hammer
10% deposit paid immediately
Completion within 20 working days
Maximises sale value
Although property auctions have historically been used for sales of repossessed homes, they are growing in popularity amongst vendors of all kinds of properties looking for quick sales. Using a property auction is the fastest way to sell. If you want a quick sale or have a deadline to meet, then a