For sale by Martin McGowan Properties via the iamsold Bidding Platform
Please note this property will be offered by online auction (unless sold prior). For auction date and time please visit iamsold.ie. Vendors may decide to accept pre-auction bids so please register your interest with us to avoid disappointment.
We are delighted to offer to the market this a former commercial building within Ballybofey Town Centre. This would make a great fixer upper, located over two floors, it was previously used for a number of decades as an opticians practice. The property could be renovated as a commercial premises or could be turned in to residential.
As is, there is one room on the ground floor and w.c. off and at first floor level is currently two rooms which can be kept or made into one large room.
The property has been vacant well over 2 years and as such is likely to qualify for one of a number of government grants currently on offer.
There is host of amenities within a short walking distance of your front door, from Jacksons Hotel, pubs, take aways, banks, shops and the scenic Drumboe woods.
Glenfin Street is proposed to be pedestrianised and with the acquirement of a local family home on the Donegal Road this brings this proposal closer to fruition.
If you are looking for a town centre property at low cost and want a project to tackle then don’t miss this opportunity as interest is sure to be strong.
Features and Positives:
Redevelopment Opportunity
Should qualify for government grants**
Water connection in place
Electricity live and in use
Town Centre Location
Can be commercial or residential
Great location for Air BnB
BER G / BER No. 800847592
**The Vacant Property Refurbishment Grant provides funding so you can refurbish vacant and derelict homes. It can also be used to renovate properties that have not been used as residential properties before.
You can get the grant if you are refurbishing the vacant property so you can live there, or so you can rent the property out.
You can get a grant of up to €50,000 to renovate a vacant property and up to €70,000, if the property is derelict
TO VIEW OR MAKE A BID Contact Martin McGowan Properties or iamsold, www.iamsold.ie
*Please note all properties are subject to a starting bids price and an undisclosed reserve. Both the starting bid and reserve price may be subject to change. Terms and conditions apply to the auction, which is powered by IAM Sold Property Auctions.
This property is offered for sale by unconditional auction. The successful bidder is required to pay a 10% deposit and contracts are signed immediately on acceptance of a bid. Please note this property is subject to an undisclosed reserve price. Terms and conditions apply to this sale.
Building Energy Ratings (BERs) give information on how to make your property more energy efficient and reduce your energy costs. All properties bought, sold or rented require an BER. BERs carry ratings that compare the current energy efficiency and estimated costs of energy use with potential figures that your property could achieve. Potential figures are calculated by estimating what the energy efficiency and energy costs could be if energy saving measures were put in place. The rating measures the energy efficiency of your home using a grade from ‘A’ to ‘G’. An ‘A’ rating is the most efficient, while ‘G’ is the least efficient. The average efficiency grade to date is ‘D’. All properties are measured using the same calculations, so you can compare the energy efficiency of different properties.
Ground floor
c. 4.83 x 4.34m = 20.96 sq. m. / 226 sq. ft.
Includes main room with WHB and entrance porch and W.C. and stairs.
First Floor
c. 4.118 x 4.517 = 18.82 sq. m. / 203 sq. ft.
Comprises small landing, two number of rooms which could be made into one larger room.
A non-refundable contract deposit of 10% (minimum deposit of €6,500.00) is required to be paid by the successful bidder for this property.
A Bidder Security Deposit of €4,500.00 is required to be pre-authorised from the bidders debit or credit card through the payment facilities on the auction website when registering to bid. A bidder has also the option of transferring the minimum deposit amount by bank transfer to iamsold's client account to authorise them to bid on the Online Auction (please note, this option may take several days).
The pre-authorisation amount will only be captured from the successful bidder on acceptance of their bid. This will form part of the non-refundable part payment contract deposit.
Any balance of the full contract deposit must be paid by the successful bidder to iamsold within 48 hours of acceptance of their bid. The deposit balance can be paid by debit/credit card, or same day bank transfer to iamsold's client account.
All unsuccessful bidders will have their pre-authorisations released OR their bank transfer refunded within 5 working days of conclusion of an auction or withdrawal of the Lot from the Online Auction.
Bidders are required to pay a non-refundable €50.00 (including 23% VAT) registration fee per property they register to bid on.
For further information or to speak to one of our team, please call 01 687 5040.
These particulars, whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements or representation of fact, but must satisfy themselves by inspection, measurement or otherwise as to their accuracy. No person in this firms employment has the authority to make or give any representation or warranty in respect of the property. Properties may be sold via online auction or public auction and bids made prior to public auction may be accepted by the vendors. IAM Sold and our partner auctioneer will share relevant personal information and transactional updates with each other so that we can effectively market and sell properties including the arrangement of viewings and follow up.
