More than 270 lots with a combined value of about €42m will be auctioned by BidX1 at its online auctions on May 22 and 23 next.
While about 20pc of the lots will be commercial, these are all within the range of medium-sized investors as all of them have guide prices of less than €1m. The highest guide price is for a mixed use investment in the village of Ballyboughal in north county Dublin which has an €840,000 price tag and it is being sold by a private investor.
Known as Unit 1-5 Gaia Cottage, Main Street, altogether its annual rents total €93,600 which equates to an 11.4pc gross yield. The combined premises extend to 5,070 sq ft.
Unit 1, which is thatched, is let to Caphe Limited trading as The Brew. Units 2 and 3 are let to Arney Retail Limited until 2038. Unit 4 is let to Mario's fish and chip shop until 2034 and Unit 5 is let to Red Velvet Hair Salon.
A commercial investment property on Main Street, Celbridge, Co Kildare, has a €750,000 guide price. It generates €89,000 in annual rent of which €47,500 comes from a Paddy Power bookie shop on the ground floor and €27,000 from River King Chinese Restaurant on the first floor. Both of these leases run until May 2023.
A telecoms mast licenced to Meteor generates €14,500. The combined rent equates to a gross yield of 11.86pc. With a total floor area extending to 481 sq m (5,177 sq ft), the terraced property is situated on English Row, west of the River Liffey.
A Georgian residential apartment investment at 57 Blessington Street, Dublin 7, also has a €750,000 guide price. It extends to 212 sq m (2,282 sq ft) with four floors over a basement and is laid out as seven studio flats and a basement apartment. It generates €12,660 in annual rent from two of the studios. The rest are vacant. The property is situated close to the Blessington Street junction with Mountjoy Street.
The next most valuable lot is a multi-let industrial unit, Rock Industrial Estate, Cashel, Co Tipperary, which has a €650,000 guide price. While eight of its 12 units are vacant, these vacant units account for only 25,800 sq ft or less than 38pc of the 68,000 sq ft floor area. Its total current rent reserved is €101,290 per annum.
Barware is its largest tenant, accounting for 27,000 sq ft of the premises at an annual rent of €55,000 but Barware's lease is due to expire next October.
It stands on a 4.6-acre site on the Camus Road on the outskirts of the town. Own-door access is provided for each unit with car parking to the front. The property benefits from a shared tarmac surfaced marshalling area to the front of the units.
Four retail warehouse units at 37 Fashion City, Ballymount, Dublin 12, together offer the prospects of a gross yield of 12.35pc at a guide price of €600,000. Alternatively there is the prospect of vacant possession as three of the tenants have seen their leases expire.
Extending to 750 sq m (8,180 sq ft) in total, the four units generate annual rent of €74,100. One of the tenants, Ardwick, takes 200 sq m (2,153 sq ft) at €18,000 per year until the end of November next. CJ Agencies has 171 sq m (1,841 sq ft) at €21,600 per year. Elli Wholesale has 162 sq m (1,744 sq ft) at €16,500 per year. Dr Bear has 190 sq m (2,045 sq ft) at €18,000 per year.
Overlooking the M50, Fashion City was built by Park Developments as a location for fashion, clothes and footwear wholesalers and retail warehouse outlets and Ballymount is situated about 9km south-west of Dublin city centre.
For investors who prefer a strong covenant, an investment known as CCS House, Main Street, Tramore, Co Waterford, offers the attraction of having Boots pharmacy as a tenant.
Extending to 517 sq m (5,565 sq ft), its ground and second floors are let to Boots at a rent of €61,860 per year with a lease which will run until 2033. The first floor is let as offices to Manguard Plus until 2022. With a combined annual rent of €71,860, this brings the gross yield to 14.37pc.
Among the properties which may appeal to those in the hospitality sector is the Mount Brandon Hostel, Cloghane Village, on the Dingle Peninsula, Co Kerry. This lot has a €575,000 guide price. Sitting on a 0.6-acre site, it comprises a retail unit, two apartments and 12 ensuite bedrooms which can cater for groups of up to 50 people. The buildings extend to 573 sq m (6,167 sq ft). and are located in the village while the site fringes the sea shore.
Also in the hospitality sector The Times Hotel, Bank Place in Tipperary town is for sale as an investment. Comprising a 10-bedroom, end-of-terrace hotel, with four self-contained residential units, a restaurant and a bar, it extends to 1,115 sq m (12,000 sq ft). It is let to an individual and has a current annual rent reserved of €57,200. With a €380,000 guide price, this equates to a yield of 15pc gross.
The guide price has been reduced for a large bar and restaurant trading as Walters, Main Street, Bagenalstown, Co Carlow. In the last BidX1 auction, it was guided at €575,000 but this has been reduced to €495,000 for this month's auction. Last year it was also offered to the market with an even higher €850,000 asking price.
Called after the founder of the town, Walter Bagenal, the landmark corner building extends to 7,407 sq ft. over part ground and two upper floors. Its accommodation comprises a public bar, dining area, kitchen, function room, lounge and cocktail bar and it has a current publican's licence.