The Rendezvous Bar for Sale for €225,000

REA Seamus Carthy, Chartered Surveyors confirms “The Rendezvous Bar & Bistro ” the well known Public Bar And Bistro located in Balla, Co. Mayo is now For Sale guiding €225,000. Presented to a high standard and offering a “ready to go” business opportunity, a well known landmark 7 day licensed premises which was leased over the last number of years, boasts many years of successful trading and with its cosy bar and spacious dining area, the Sales Agents describe the property as an “Exceptional Public House and Restaurant in very good decorative order” situated in the heart of the picturesque village of Balla (between Castlebar Town & Claremorris Town, Co. Mayo), and benefitting over the years from both a substantial passing trade as well as its local customers base. Seamus Carthy of REA Carthy is now inviting viewings and enquiries. Contact REA Carthy on 094 96 25990 or 086 8035538 for further details.

Site for Sale with REA Sothern

Site at Woodenbridge, Co. Wicklow For Sale by Public Auction on 21st June at 3.30p.m. in Woodenbridge Hotel (on instructions of ACC).Stunning c. 3.5 acre site (former New Valley Inn Hotel, now in ruinous state). AMV €150,000 Exceptional views over one of the most attractive valleys in Ireland Close to the wonderful Woodenbridge 18 hole Golf Course. Suitable for prestige dwelling or holiday based business, i.e. adventure centre, holiday chalets etc – subject to p.p. Bounded to one side by a fast flowing stream.

REA T&J Gavigan sold over €1m in land sales at Auction last week

Auction result of lands at Stackallen, Navan. Auction on 30th May in Ardboyne Hotel, Navan. All the lands were sold at Auction, there were lots of bids for all the lots. LOT 1 – 24.275 Acres at Gorman Lough Crossroads made €215,000 LOT 2 – Lands at Stackallen with derelict residence comprising C. 49 Acres was sold at €625,000 LOT 3 – C. 7 Acres at Stackallen realised €80,000 LOT 4 – Lands at Stackallen containing 3.683 Hectares sold at €127,000 LOT 5 - Lands at Corstown, Togher, Co. Louth comprising C.13 Acres sold at €95,000

€2.5million worth of property sales in one week for REA Carthy

REA Seamus Carthy, Chartered Surveyors & Auctioneers confirmed this week to the Roscommon People a significant uplift in the level of both sales and letting transactions in both the commercial and residential property market over the last 12 months. Since May 2011, Seamus Carthys office – REA Carthy has experienced increased activity in the property market on a week by week basis. Last week alone, REA Carthy agreed the sale of over €2,250,000 worth of property including Commercial Units in Athlone & Roscommon Town, Residential Properties in Counties Roscommon, Galway and Mayo, Agricultural Land in Counties Mayo & Roscommon and also agreed the leasing of Public Houses in Co. Roscommon & Co. Mayo. Offering experience on all sectors of the property market with many notable recent sales, Seamus Carthy is now seeking further properties for Sale to include in particular Commercial Buildings, Agricultural Land, Public Houses/Guesthouses and All types of Residential property. More information: Seamus Carthy, REA Carthy 094 96 25990 or directly on his mobile 086 8035538. All enquiries will be dealt with on a sole agency basis and in the strictest of confidence

HWBC & REAL ESTATE ALLIANCE ANNOUNCE NEW AFFILIATION

HWBC have announced a formal affiliation that will provide a more extensive service to their clients. This will combine the unrivalled commercial experience of HWBC with the national & local property expertise of Real Estate Alliance. This arrangement will allow both firms to provide a truly nationwide service in all aspects of the property sector including commercial, residential and Land. As well as traditional disciplines such as Management, Agency and Valuation, the new affiliation can provide a fully resourced Asset Management service and if needed more focused Consultancy advice on aspects such as Investment and Corporate Real Estate Finance

TWO FARMS SOLD FOR €1,000,000 by REA Coonan

REA Coonan Maynooth and Celbridge have recently completed the sale of 2 farms, 1 in Co. Meath and the other in Co. Westmeath. A non-residential 52 acre farm at Mayne, Clonee was offered for sale by auction and sold under the hammer for €600,000 i.e. €11,500 per acre. It was an extremely active auction with 5 bidders, 3 of which were locals competing against each other after an opening bid of €480,000. The property was put on the market at €600,000 and then sold under the hammer. The lands were of excellent quality and had generated considerable interest prior to the auction date. Willie Coonan commented that it was a sign that land prices were hardening and he anticipated that prices would continue to increase during the course of this year. REA Coonans also sold jointly with REA TE Potterton, Trim, 90 acres at Castletown Finea, Mullingar, Co. Westmeath at auction for €402,000. With a packed auction room the bulk of interest was in the entire property with opening bids at €220,000. Four bidders battled it out up to €385,000 and at this stage the vendors instructed to put the property on the market. Two bidders continued until the property was sold. The buyer was a farmer from the Cavan area. The lands were partly in forestry with the remainder in grass. The property also had the benefit of some gravel deposits and planning permission for a substantial detached property

Kerb Appeal

KERB APPEAL

Whether the market goes up, down, or remains static that is outside any one persons control. Therefore a vendor looking to maximise his price must look at what can be done internally and externally to make his property more appealing.

A Canadian couple I once acted for were our clipping, sweeping and washing windows at the front of their house when I came to take photos. On asking the reason for such industry he replied “Harry this house must have kerb appeal,” advice I have often passed on to vendors over the years. A good first impression is most important.
Internally all the usual apply – toys cleared away, clean and neat presentation, beds made, animals tied up or in kennels.

The other area I want to highlight (which only applies to estate dwellers) is the condition of the estate itself.

To get an estate looking well it requires collective responsibility, which also involves a small investment. It astonishes me to hear that so many residents associations have difficulty in obtaining payments of just €100 or €150 from households considering the value that such a contribution makes to their property. It is easy to adopt a “me fein” attitude – I am not selling so why should I bother but at some stage that attitude is likely to bite back.

A purchaser viewing property first visits the estate and if there isn’t a “kerb appeal” to the estate itself then often they may not wish to pay an internal visit to the house chosen. A poorly kept estate with graffiti, broken trees, un-mowed greens gives a really bad impression and irregardless of how any one individual might keep their house its value is greatly undermined by the estate itself. You are not talking small money here it could be €10/20,000.

A well-kept estate sends out a very positive message – we care, the kids are well behaved, your neighbours are likely to be decent, there won’t be vandalism. Whilst some of those may not be borne out non-the less those are the qualities that most purchasers want to find.
There are many examples of well kept estates in Carlow, probably the most eye catching being Heatherfield Court. It is no surprise therefore that houses sell quickly in this area.


Harry Sothern, F.I.A.B.C.I.
Director REA.

REAL ESTATE ALLIANCE Announce New Chairman for 2011/2012

Real Estate Alliance, welcome their new Chairman, Mr Michael Boyd of Boyds REA, Kilkenny, coupled with a wealth of property experience, Michael has a special interest in protected structures and period buildings and the planning and legal environment within which they are owned, operated and developed. He is a long term member of the Irish Georgian Society, An Taisce, and the Kilkenny Archaeological Society

Newbridge Farm sold at auction for €2.37 million

Brophy Farrell, Newbridge, Co Kildare sold a c.197 acre farm was sold today at auction for €2.37 million. Well done Brian.

CHAIRMAN OF REA RE-APPOINTED TO THE BOARD OF THE VALUATION TRIBUNAL

Real Estate Alliance welcomes the recent Government Re-Appointment of Patrick Riney to the Board of the Valuation Tribunal, which he has been a Member of since 1994. He is the Chairman of Real Estate Alliance, a Director of Orchard REA, Dublin, and Vice-President of the Irish Chapter of FIABCI, the International Real Estate Federation.
Pat’s experience of the Irish and International Property Business spans over 30 Yrs. and as a respected Chartered Surveyor, he has extensive experience in Commercial, Industrial, Residential, and also has considerable experience in the Social Housing Sectors.
Pat deals with Valuations, Sales, Lettings, Property Management and all other aspects of the Property Market.

Philip Farrell announced

Real Estate Alliance is delighted to announce the recruitment of Philip Farrell to the position of Business Development for the Group. Philip, a recognised expert in the field of property will be responsible for the continuing development of the REA Group across Ireland and abroad.

Boom property details at last laid bare

Vast scale of operations of a State agency vital to Ireland’s recovery is disclosed in a timely and transparent way, writes SIMON CARSWELL, Finance Correspondent in the Irish Times.
FROM ZERO to a working State agency with €72.3 billion in loans and a staff of 150 people in just 20 months is quite some feat.Add to this the fact the National Asset Management Agency is one of the most controversial political creations and one of the most unpopular, and you get an idea of the work completed.
It was timely therefore that Nama should disclose more information than ever before when it published its first annual report, covering 2010, at the Treasury Building in Dublin yesterday

Great value properties on www.realestatealliance.ie

Check out the lower end of the market on the website as there are alot of properties under 200,000 for sale throughout Ireland

House prices continue to decline

House prices continued to decline in the second quarter of the year, two new surveys showed today.Property site MyHome.ie said property prices fell 4 per cent over the three months, bringing the total fall since the peak to 40 per cent.

Boots To Open First Store in County Roscommon

Seamus Carthy of Carthy REA has confirmed Boots, the international Pharmacy Led, Health & Beauty Retailers have taken occupation of a 4,100 Sq.Ft Retail Unit situated on Main Street, Roscommon Town. Boots have taken occupation of a unit that was provided to a shell specification by Mr. Carthy clients and a Full Fit out of the shop which will take approx. 8 weeks and will provide a state of the art pharmacy led, health and beauty shop is underway. Seamus Carthy of Carthy REA acted for the Landlord and Karl Stewart of DTZ acted for the Tenant

It's a Buyer's Market

According to REA market activity will remain sluggish throughout 2011 into 2012. “Until such time as the macro economic situation improves, employment increases and banks start to lend again it will remain a buyers market. Sales, if and when they occur, will be achieved by the vendors that offer buyers the best value for their money. Cash is king.” Concluded Mr. Riney

Prices down by 50%

A new survey by REA, agrees that prices “achieved” for private treaty sales are down by an average of 50% from early 2007. The group surveyed their 35 nationwide offices on actual sales in the first quarter of the year, looking to compare prices with the market peak. According to CEO of Real Estate Alliance, Eimer O’Keeffe, “to truly ascertain the level of the marketplace it is important to look at actual sales at private treaty, rather than examining asking prices in various reports.

Increase in interest from Investors

Estate agents in Ireland have reported an increased number of people viewing properties since the auction and an improvement in consumer sentiment, but they’re conscious that any improvement in activity levels is dependent on the availability of finance.
‘‘It’s been fairly uplifting following on from the auction, it’s been the talk of the town since. It’s very positive for the market," said Lisney director John O’Sullivan

Changing repayments on mortgage to bi-monthly

Irish consumers are conditioned to pay their mortgage on a monthly basis but this can cost a lot of money. If, instead of paying monthly, you pay your mortgage every two weeks then you could easily dramatically cut its cost over the full term.
If someone has a €300,000 mortgage taken out over a 30-year term and they make a monthly repayment, it will cost €1,610.46 every month, based on an average interest rate today.If they pay twice a month, it will cost them €805.23 each time. So they are paying exactly the same amount every month.
But when a person pays monthly, the total interest on that loan over the full 30 years is €279,767.35 or €777.13 a month. If, however, that person pays off the mortgage twice a month then the total interest falls to €226,466.56 or an interest payment every bi-weekly period of €289.60.

Unfair on First Time Buyers

MORTGAGE experts have criticised as "unfair" the decision to abolish mortgage interest relief for first-time buyers.Those new home buyers will lose more than €30,000 if they do not purchase a property before June when mortgage interest relief is to be stopped. Currently mortgage interest relief is available to first-time buyers for up to seven years after they buy their property. The changes to the relief — also known as Tax Relief at Source (TRS) — are outlined in the Programme of Government. The new measures include an increase in TRS for people who bought properties between 2004 and 2008.

REA national property auction.

REA intend on running National Property Auction at the end of May 2011. Further details to be released soon.

Low percentage borrowing in South East

Sothern REA in Carlow has reported a number of sales in recent weeks. They sold 4 rent to buys away in the last 2 weeks and 3 small property sales with properties under 150k. According to Harry Sothern, "there seems to be a trend towards low % borrowing as purchasers are afraid of job security and they don't want to leave themselves exposed.

Properties under 150k selling for REA agents

Seamus Carthy of Carthy REA in Roscommon is reporting a number of sales so far in 2011. A Traditional 3 Bed cottage in Mount Druid, Ballinagare sold for €110,000. A 3 Bed Semi Detached in Ballinagare Village, Co. Roscommon sold for €85,000. A 3 bed Semi Detached (unfinished) in the Tarmon Manor Residential Development in Castlerea sale agreed at €100,000. A Traditional Cottage with 22 Acres in Ballinlough, Co. Roscommon sale agreed at €170,000.

The Property Market near the bottom

THE IRISH commercial property market is finally showing signs of bottoming out after three disastrous years.Overall returns for 2010 published yesterday by Jones Lang LaSalle in its long-running Irish Property Index recorded a fall of 1.6 per cent – a vast improvement on the drop of 19.2 per cent recorded in 2009.

REA welcome stamp duty reform

The Group believe it will help the residential sector recover somewhat in volume and give the property sector a much needed boost. Although stamp duty reduction makes movement easier the Group are unsure if it applies to commercial property which is key for business flow . According to Board Member Michael Gavigan, “the u turn on s 23 expiring in 2014 has not factored in that most investors are heavily in debt on their investments which were made in good faith at inflated values to factor in the tax benefit . The government promoted these schemes which created much employment & revenue for the country and now announce that they expire in 2014 which will greatly reduce their value and lead to a far higher rate of default which the taxpayer will ultimately have to foot the bill. This u turn is ill considered and does not factor in peoples risk taking and debt”

National Property Policy

"In view of the severe downturn in the property market, it would be grossly unfair to expect property owners to sustain such proposed increases in Taxes and Reductions in Tax Allowances as indicated in the Four Year National Recovery Plan. It is important for the Government to realise that Property can contribute to the Recovery. It would be our suggestion that a National Property Policy be prepared by Business owners, Landlords & Tenants, Property Professionals as well as the Legal community”, according to Patrick J. Riney.

REA welcome new Chairman at AGM

REA held their AGM in Buswells Hotel in Dublin, on Friday, 26th November 2010. The appointment of Patrick J. Riney, Director of Orchard Real Estate Alliance in Rathfarnham as Chairperson of the national property group and Seamus Carthy of Carthy Real Estate Alliance, Roscommon as Vice-Chairperson were ratified by the grou

Real Estate Alliance offer a National Property Service to their clients. Read more on our SERVICES page. http://www.realestatealliance.ie/our-services/national-property-services/

Eoin Dillon reports some recent sales

Eoin Dillon REA in Nenagh has reported a number of sales in the last few weeks. Afew were bought by first time buyers. One was a 2 bed end of terrace for €110,000 and the other was a 3 bed mid terrace for €107,500 which was only on the market 3 weeks.
Also a 5 bed new detached dormer was sold for €285,000 and a 4 bed bungalow for €165,000. A 3 bed detached holiday home was sold on the lake for €150,000

Paul Grimes auction success raised €20,500 for Charity

Paul Grimes, Director of Grimes REA in Ashbourne & Skerries and Board member of REA conducted a Charity Auction on behalf of The Paul Stafford Foundation in the Mansion House on Friday the 5th of November. He raised €20,500 alone in the Auction and all proceeds will be given to 1Life, a suicide prevention 24 hour helpline
The Paul Stafford Foundation was established in 2007 to raise awareness and address the serious issue of suicide in Ireland. It was founded by a group of people who were directly affected themselves by suicide and had lost someone they loved to this ever increasing problem. www.paulstaffordfoundation.com
1life is a dedicated 24 hour freephone national suicide prevention helpline 1800 247 100 www.1life.ie

Good time to Buy

AN economist who was the only person in the property industry to label the housing market a bubble said yesterday that now is the right time for new buyers to enter the market.Derek Brawn, whose book on the property market predicted the bursting of the bubble, said first-time buyers should buy now once they find a property at the right price.The optimal time to buy a house was not at the bottom of the market but just before the market hit the bottom, Mr Brawn said. A year before the bottom of the housing market is the ideal time to buy, he said.

Real Estate Alliance defer National Property Auction

Real Estate Alliance, the national property group, who held the first National Property Auction in April 2010, has announced that they are deferring their next National Property Auction until Spring 2011. In a statement, the group point out that "the current economic climate is not conducive for such an auction".
The Real Estate Alliance group have extensive knowledge of the market and have concluded that "the time is not right due to a myriad of reasons from the upcoming budget to availability of suitability properties.

AGRICULTURAL LAND SELLS FOR €16,000 PER ACRE AT STRAFFAN, CO. KILDARE

AGRICULTURAL LAND SELLS FOR €16,000 PER ACRE
AT STRAFFAN, CO. KILDARE



Coonan Real Estate Alliance of Maynooth and Celbridge have sold 38 acres of land located at Barberstown, Straffan, Co. Kildare at Auction today for € 610,000 which represents € 16,000 per acre.

Will Coonan, Auctioneer, looked for bids and bidding opened at €400,000 and moved quickly to the €610,000 when it was put on the market and subsequently sold. There were five active bidders most of whom were farmers.

The land is in one large rectangular field on the Celbridge/ Barberstown road c. 4 miles Celbridge, 5 miles Maynooth and 1.5 miles from Straffan,. Dublin City is just 13 miles away. The land is of prime quality and is presently in tillage.

The price achieved is a healthy one particularly in the present economic climate and is a good indication of the value of agricultural land in the North Kildare area.

Hynes REA selling former PTSB offices in Athlone

The unusual octagon-shaped former Permanent TSB offices at 22 Mardyke Street, Athlone, is being offered for sale with an €850,000 price guide. The 310 sqm three-storey over-basement premises became surplus to requirements following the bank's consolidation into the John Broderick Street premises.The Mardyke Street property offers about 170 sqm of retail and financial services space at ground floor as well as access to first and second floor office suites, so it could suit a retailer with an option to generate investment income.Healy Hynes, of agents Hynes Real Estate Alliance, says the building is located in the heart of Athlone's commercial area, near the Athlone Town Centre and Sheraton Hotel, and there are more than 2,000 parking spaces available within a five-minute walk.

A good time to buy Irish Commercial property?

There is no shortage of buyers of Irish commercial investment property, despite arguments that no market exist

TE Potterton REA in Trim sold Farm at Auction

T E Potterton Real Estate Alliance Trim
52 acres at Clongowney Crossakiel Kells with Full Planning Permission for a residence of c.2,800 sq ft SOLD AT AUCTION for €360,000

REA commercial listing for Dublin area online now

Check out our lastest listing for Dublin Commercial Property http://www.realestatealliance.ie/assets/files/commerciallisting.pdf

T&J Gavigan Kells reporting 14 sales over last three months

T&J Gavigan REA in Kells are reporting an increase in sales activity over the last few months. According to Cara Gavigan, "if the price is right, the properties are moving". Since the M3 opened, we are experiencing an increase in the level of inquiries".

Ashfield house, Slane on the market for €465,000

Ashfield Cottage & Mews, Beauparc, Slane is a delightful original stone built cottage which has been sympathetically restored and extended (196 sq m / 2,110 sq ft) with an abundance of style and attention to detail and incorporating all the requirements for a most comfortable 21st century lifestyle. Ashfield Cottage is on the market with an asking price of €465,000 and viewings are by appointment through the joint selling agents O’Brien Collins REA (041 987 5444) & TJ Gavigan REA (046 902 3232).

REA reviews property market for first six months of 2010

A new survey by nationwide property consultants Real Estate Alliance agents reports signs of increased demand for properties from First Time Buyers Market in recent weeks. While the group agrees that prices “achieved” are down by an average of 50% from early 2007, they predict that prices are levelling off and expect very little decrease in prices for the remainder of 2010 as there are signs of stability in certain sectors of the property market.Real Estate Alliance sale agreed over 600 properties in first six months of 2010 with levels tailing off slightly in the month of April after an encouraging first three months of the year. In recent weeks, levels of activity have increased again and members are reporting over 150 sale agreeds for the month of May and approximately 115 for the month of June.

Stunning House new to market in Ardmore, Co. Waterford

http://www.irishtimes.com/newspaper/property/2010/0617/1224272686208.html

Coonan REA sell 68 acre farm for €1.26m

The 68 acre tillage farm at Broomfield, Ballyboughal, North Co. Dublin attracted considerable interest over the past few weeks in the run up to the auction particularly from the local farming community.

Coonan Real Estate Alliance offered the farm for sale in lots as follows
LOT 1 : Farmyard on 23 acres
LOT 2 : Lands c. 30 acres
LOT 3: Lands c. 15 acres
LOT 4:|Entire , yard and lands c. 68 acres

The lots were put up first and then the entire was offered.
Initially, the lots were bid as follows by 8/9 bidders;

LOT 1 ; Bid to €420,000
LOT 2: Bid to €380,000
LOT 3: Bid to €230,000

The entire was then offered looking for bids over these cumulatives.

Three bidders for the entire then battled it out until the hammer finally fell at
€ 1,260,000 representing € 18,529 per acre

The farm located just 1 mile from the village of Ballyboughal, 6 miles from Swords and 13 miles from the city centre is a superb tillage farm with over a mile of road frontage and five gateway access points to road. The farm was in five main divisions and was primarily in tillage with 8 acres in pasture. There was a farm yard with cattle shed, crush , outhouse and sheep pen along with an old mobile home in yard.


The purchaser was believed to be a farmer from North County Dublin.


Coonan Real Estate Alliance 2nd June 2010

Sothern REA sell 41.5 acreas of land at Auction for €466,000

At the auction of a 41.5 acre holding on the edge of Rathdowney it was apparent that most Irish men or women still want to own an acre. Over 50 people attended the auction and there were 5 active bidders. The hammer eventually fell at a figure of €466,000 or an average price of over €11,000 per acre.

The holding bordered on one side by the Erkina River and the other side by Rathdowney Golf Club has been in permanent pasture for many years.

All of the bidders were farmers and it shows that people are still of the opinion that land is best as no more of it is being made and as a long term investment is better than shares or other funds which we have seen decimated over the last couple of years.

George Sothern of Sothern REA was obviously very pleased with the result and he feels that this shows the sound investment land is and the backbone of our economy and country

Coonan REA sold Pub & Adjoining Land for €900,000

The Royal Oak public house at Mainham, Clane, Co Kildare, together with three small adjoining lots of land, has been sold for around €900,000. It is one of a number of licensed properties which have changed hands in the Greater Dublin Area in recent times.

The Royal Oak, on 19 acres of agricultural land near Clongowes Wood College, went for auction last month and one of the lots -- consisting of 3.5 acres -- went under the hammer for €125,000
http://www.independent.ie/business/commercial-property/pub-and-adjoining-land-lots-pull-in-8364900000-2194086.html

Real Estate Alliance now on Facebook

Visit our facebook page set up as Real Estate Alliance Ireland http://www.facebook.com/realestatealliance

At least 10 further properties under offer

Real Estate Alliance hope to announce a further 10 sale agreeds in the next week or so as at least 10 lots are currently under offer.

REA National Auction deemed a success despite difficult market conditions

Real Estate Alliance held the first ever giant property auction in Ireland today at Dublin's Shelbourne Hotel. The auction was deemed a success with 27% of the 61 lots selling amounting to 16 properties raising €3.9 million. In summary, a total of 16 lots were sold on the day today, with further lots potentially being sold post auction in the coming days

Legals online now

The majority of the legals are online now for the REA National Property Auction.

REA Auction - Online Catalogue available now

Check out our online catalogue on http://www.realestatealliance.ie/national-property-auction/

71 LOTS Confirmed for REA National Auction.

Real Estate Alliance, has received a phenomenal response from those looking to sell property. Real Estate Alliance has just announced that a massive 71 lots have just been confirmed. 65% of the 70 lots comprise of residential properties presenting superb value for those looking to capitalise on low prices, ranging in AMV from just €60,000 to €1.5 million. Commercial properties comprise of commercial, retail opportunities, industrial units and land. The auction, the first of its kind, will take place in Dublin’s Shelbourne Hotel on Friday 30th April and is expected to attract a broad mix of buyers including those looking for good commercial business opportunities and also those hoping to secure a residential bargain.
http://www.realestatealliance.ie/national-property-auction/