DNG Maxwell Heaslip & Leonard is busy promoting its upcoming September 26 auctions and is delighted with the quality and range of properties the company is bringing to the market.
Of the 10 lots being brought to the auction floor, auctioneer James Heaslip is particularly excited about No 7 Rockbarton Court, Salthill. Mr Heaslip is certain that this property, a large two bedroom apartment in an upmarket residential location, will catch the eye of those seeking an investment which has real potential for capital appreciation in the next few years. “As far as location goes, it doesn’t get any better than this,” he said. “Rockbarton is one of the city’s most sought after locations and apartment developments in the area are few and far between. This particular apartment has almost 750sq ft of living space on the ground floor and is extremely bright and spacious. Units such as this will appeal to both empty nesters looking to downsize, and investors seeking a guaranteed rental income.”
Rockbarton Court is a small purpose-built development adjacent to Pearse Stadium and offers easy access to all amenities, Salthill Promenade, and Galway city centre. Built in the early 1990s, the development has approximately 30 units divided into six blocks on spacious, mature, grounds with well-maintained gardens and common areas. No 7 is being offered to the market with a hugely attractive guide price of €170,000 and James Heaslip reckons that the apartment is a great buy, particularly due to the potential uplift in value. “For the investor, it’s perfect. It’s never going to be empty as the demand for apartment rentals in this area is always very strong. The rent achievable is currently in the region of €10,000 per annum, and with a bit of work it could even be higher. The area is perfect for those seeking to downsize and with many of the units owner occupied, it has a real sense of community, which many modern apartment blocks just don’t have.”
With the capital gains tax amnesty due to come to an end on December 31, Mr Heaslip firmly believes that a shrewd buyer will take advantage of the excellent value on offer. “The area is unrivalled, and the demand for apartments such as this is rising weekly. To buy it and hold it for seven years makes a lot of sense. It’s a long term investment with a real opportunity to get a generous capital uplift on your money.”
Open viewings will take place this Saturday and next Wednesday between 4.30pm and 5.30pm,
For further details contact any of the auction team at DNG Maxwell Heaslip & Leonard at 091 565261.
