Advertisement

Donegal properties sold at ‘distressed’ auction

Court

A NUMBER of Donegal properties were sold for more than €900,000 at two Allsop Space ‘distressed’ auctions in Dublin last week.

The most notable was a mixed commercial premises on Letterkenny’s Lower Main Street which contains Boot’s Chemist and the Holland and Barrett health food shop. It was sold for €815,000, exceeding its reserve price of €740,000.

The combined rental income from these premises is more than €200,000 per annum.

Advertisement

The auction catalogue contained details in relation to the property which extends to approximately 1418.19 sq. m (15,273 sq. ft) in total.

Number 4 is let to Boots Retail (Ireland) Ltd t/a Boots with a lease expiry in 2015. The adjoining building, number 6, is let to Natures Way (Dublin) Limited t/a Holland and Barrett with a lease expiry in 2020.

Number 8 is subject to tenancy and the remainder of the property is vacant.

The property is arranged over ground, first and second floors to comprise a mid terrace mixed use building. Internally the property comprises: A two storey retail unit occupied by Boots; A ground floor retail unit occupied by Holland and Barrett and a first floor office suite occupied by Voodoo.

Other lots in Donegal to go under the hammer were three separate, and occupied, one-bed apartments at Railway Court, Pearse Road, Letterkenny which were sold for just over €30,000. They each had a reserve prices of €20,000.

Meanwhile a 1.74 acre site in Carrigart, which had a reserve price of €5,000, was eventually sold for €52,000.

  THE National Ambulance Service is putting “contingency plans” in place to ensure there is no disruption to service...

TWO Letterkenny women have called on cupid to help them raise vital funds for a much needed charity in...

Top
Advertisement

Donegal News is published by North West of Ireland Printing & Publishing Company Limited, trading as North-West News Group.
Registered in Northern Ireland, No. R0000576. St. Anne's Court, Letterkenny, County Donegal, Ireland