REA McDonald are selling agents for JESSBROOK equestrian centre,

Once valued at €5m, it has been put on the market by the Criminal Assets Bureau (CAB) and will be sold by private treaty. The CAB was given the go-ahead to dispose of the property by the Supreme Court last November. The property will be offered in three lots. The first comprises 49.55 acres with a 3,000-seater indoor arena extending to about 5,645 sq metres, with two stable blocks including administrative buildings and commentary box. Lot two is 8.73 acres, while the third involves 21.13 acres of grazing land.

New to Market - 14 Lower Rathmines Road, Dublin

Superb 3 storey over basement investment property (316sqm / 3,405 sq Ft) in the heart of Rathmines in superb condition. Currently set out in 5 self-contained apartments, this well maintained property is currently occupied on one year tenancy agreements for 4 out of the 5 apartments. Located just before Portobello Bridge on Lower Rathmines Road, which is considered one of the most sought-after letting locations in Dublin, residents have a host of amenities on the doorstep and are within a short walk of the city centre as well as the LUAS.

McGee Lowe join Real Estate Alliance

Real Estate Alliance has added REA McGee Lowe to its impressive nationwide roster. As a member of Real Estate Alliance, REA McGee Lowe, look forward to continuing to serve their loyal client base, now, with the added benefit of a strong network of established offices both across Ireland. Anthony McGee of REA McGee Lowe believes that this move will bring real benefits to sellers and buyers in the Tallaght area. Commenting on the move Anthony said; “our membership of Real Estate Alliance will enable us to share market knowledge with the leading property firms in the country, seize new opportunities for our clients, speed up the sales process and now having better access to Corporate decision makers.” He continued, “our customers will continue to benefit from our local expertise and knowledge, combined with the extra exposure and experience that this nationwide property group brings.”

Showhouses Open Again

There is murmurings that the residential property market is starting to pick up, according to Harry Sothern of REA Sothern, Carlow. Anyone visiting open houses in Dublin on Saturdays will attest to the numbers flowing in and out of rooms. The satellite towns around Dublin have always been affected by what does on in the ‘Big Smoke’. The property recession hit Dublin first and took about six months to fully hurt towns like Carlow. Carlow agents are hopeful that a recovery in Dublin will seep down here and if recent sales statistics are anything to go by it is already happening. REA Sothern reported three sales alone last Friday! Two other properties on their books received strong offers. Whilst this was the culmination of many viewings over several weeks they are convinced that buyers are now satisfied that the market has bottomed out and are keener to conclude sales than they have been for several years. This Saturday sees the re-launch of Castle Oaks on the Dublin Road (now a NAMA backed development) and REA Sothern are confident of a positive reaction from buyers at new low prices – 3 bed mid-terrace from €120,000, but perhaps the most eye-catching are the 4 bed detached at €200,000. Time will tell. REA Sothern – www.reasothern.ie

Philip Farrell appointed CEO of Real Estate Alliance

Philip Farrell has just been appointed as Chief Executive Officer and his new role will commence this week. REA has been in operation for 10 years and with a 25% increase in size over the last two years currently now has nearly 50 offices operating under its banner across the country. Mr Farrell, who previously held the position of Business Developer Manager of REA since 2011, replaces Eimer O’Keeffe, who will continue to work with REA as Marketing Manager. Mr. Farrell has 25 years experience in the property sector in Ireland. Philip joined REA in 2011 as Business Development Manager and held the position of acting CEO for a period in 2011. He commenced his career as an agent in Co. Kildare in 1989. He spent 22 years working as a partner with REA Brophy Farrell who are based in Newbridge. A Director of REA from 2005-2011, he acted as Chairman from 2005-2006