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November 30 2017 2:30 AM
As many as five Dublin 8 dwellings with tenants in place will be auctioned by Sherry FitzGerald on December 12, reflecting how not all landlords are evicting tenants in order to sell their properties.
The five are among 24 lots with combined guide prices totalling €3.46m which will go for public auction in Leopardstown on December 12.
Dublin properties will account for eight of the lots, including an Indian takeaway restaurant at Unit 2 Orlagh Shopping Centre, Scholarstown Road, Dublin 16. The ground floor unit has a €180,000 guide price.
The most valuable Dublin lot is a terraced investment property off Patrick St in Dublin city centre. Located at 16a South Earl Street, Dublin 8, the 66 sq m house is split into two one-bedroom flats and has a €280,000 guide price.
The other four Dublin 8 properties are one-bedroom apartments that are within walking distance of each other, stretching from City Gate near The Brazen Head pub, to Leonards Court on Clanbrassil St. Lwr. They range in price from €160,000 to €180,000.
Auctioneer Des O'Malley says that recent auctions have shown that tenanted Dublin flats are selling at a discount of about 10pc compared to vacant ones. This may be a reflection of the stronger demand from owner-occupiers for vacant properties.