Housing Estate, Balbriggan for 750K

martinn123

Anyone fancy a housing estate in Balbriggan, a snip at 750K

http://www.independent.ie/business/commercial-property/balbriggan-estate-for-auction-guiding-750k-29429373.html

Known as Hampton Gardens, it is situated on a 7.3 acre site on the Naul Road, on the western approach to Balbriggan and consists of 11 houses and 40 duplexes and apartments which are substantially completed.

Loman Dempsey of selling agents Savills estimates that if the 51 substantially developed units were fully completed and made compliant, they could generate about €450,000 to €475,000 a year in rent on the basis of a two-bedroom apartment achieving a rent of €650 per month and a three-bedroom house achieving €1,000 per month.

On the other hand, if the 51 units were sold when completed and fully compliant they could generate about €4m on the basis of a modest average price of €78,430 each.

Anyone??

cathy01

I would but I can't paint.it would cost a fortune to get a guy in.
:-) thanks for the offer:-)

username123

Sure youd never sell them. Theres loads of finished places impossible to sell already in Balbriggan.

kaahooters

thats right beside Tesco isnt it?

tatli_lokma

yep. beside Georges school.

The development has been for sale for quite a while already - I have seen it in the paper numerous times. At least 6 months, maybe more.

iPearly

Pirates anyone?

jamesbondings

would make the BEST paintballing court ever!!

sNarah

How brilliant could it be though if you got all your friends and family to chip in together? You'd have your own mini-village!

tatli_lokma

It went for 1.7 million in the end. Just slightly out of my budget!