Building at Market Square set to go under the virtual hammer
THE virtual hammer is set to drop on four lots from the north and mid- Cork areas at the next BidX1 (formerly known as Allsop Ireland) online auction of residential and commercial properties.
The properties in Mallow, Mitchelstown, Glanworth and Blarney will be among more than 320 lots in the auction, which will take place over two days on Wednesday and Thursday September 27 & 28.
The stand-out property among the four lots will be a vacant building in the heart of the Market Square development in Mallow, which has a guide price of €500,000.
Described in the BidX1 online catalogue as a “substantial commercial building”, it offers potentially rich pickings for investors who may have some spare cash to spend.
Extending to approximately 10,355 sq ft, the building, situated on the eastern side of William O’Brien St opposite the Courthouse, is arranged over ground and three upper floors.
The building consists of a 3,380 sq ft retail unit, first floor storage space, a gym spread over the second floor and third floor office space, with the upper three floors each measuring 2,325 sq ft.
Described as a “mixed use investment” the property known as the Woodfield Centre, Station Rd, Blarney will be up for offer with a guide price of €490,000.
Extending to a total of 6.457 sq ft, it is comprised of a crèche, two retail units on the ground floor and a pair of three-bedroom apartments overhead.
The crèche is subject to an informal tenancy with a current rent reserved of €25,000 per annum, with the retail units also occupied and realising a joint annual rental income of €12,231.60. The two apartments are leased under residential tenancy agreements, realising a joint annual return of €19,500
A detached three-bedroom house at Ballylough, Mitchelstown will also go under the hammer at the auction with a reserve range of €45,000 - €55,000.
Described on the catalogue as “requiring refurbishment”, the two-storey house under a pitched roof extends to approximately 925 sq ft, has sizeable gardens to the front and rear of the property and off-street parking.
Another vacant three-bedroom cottage at Ballinamona, Glanworth is also listed on the online catalogue with a reserved range of €35,000 - €45,000.
Situated just over 3km from the village, the single-storey cottage extends to approximately 710sq ft on a 0.69 acre site.
To register, find out more about the online bidding process and to view these and all of the other lots that will be on offer over the course of the two-day auction visit www. bidx1.com.