NewsLocal NewsNewtown Centre on the Market for €2.75mBy Alan Jacques – October 2, 2014 689 THE Newtown Centre, a two-story commercial development in Annacotty, is on the market with a guide price of €2.75 million.The sale of the development – which generates an annual rent in the region of €268,000 – is being handled by Savills Cork on the instruction of the Receiver Grant Thornton. The Newtown Centre is located between Newtown and Annacotty, around 1km east of Castletroy.Sign up for the weekly Limerick Post newsletter Sign Up Siobhan Young of Savills commented, “The Newtown Centre provides investors with the opportunity to acquire a finished property with strong tenant occupancy levels and a considerable rent receivable per annum.”“The current vacant office units provide scope to increase future rental income and we expect to receive high levels of enquiries for this investment,” Ms Young revealed.The modern two storey commercial development occupies a site of 2.17 acres. There are nine fully occupied ground floor retail units and 10 first floor office units, seven of which are currently occupied. Current tenants including Bord Gais, Mace, Curves and Bambury Bookmakers, are not affected by the sale.The development also includes an extensive surface car park sits at the front of the property providing an abundance of customer parking. Limerick Artist ‘Willzee’ releases new Music Video – “A Dream of Peace” WhatsApp RELATED ARTICLESMORE FROM AUTHOR Advertisement Print Linkedin TAGSAnnacottyGrant ThorntonlimerickNewtown CentreSavills Cork Email Previous articleGround control to LITNext articleClowning around on animal-act circuses in Limerick Alan Jacqueshttp://www.limerickpost.ie Vanishing Ireland podcast documenting interviews with people over 70’s, looking for volunteers to share their stories WATCH: “Everyone is fighting so hard to get on” – Pat Ryan on competitive camogie squads Facebook Limerick’s National Camogie League double header to be streamed live Limerick Ladies National Football League opener to be streamed live Predictions on the future of learning discussed at Limerick Lifelong Learning Festival Twitter
The Week Ahead: Nearing the Forbearance Exit 2 days ago Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Print This Post Share Save DS News Webcast: Wednesday 2/5/2014 Is Rise in Forbearance Volume Cause for Concern? 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Home / Featured / DS News Webcast: Wednesday 2/5/2014 About Author: DSNews Related Articles in Featured, Media, Webcasts Data Provider Black Knight to Acquire Top of Mind 2 days ago The Best Markets For Residential Property Investors 2 days ago Sign up for DS News Daily Demand Propels Home Prices Upward 2 days ago February 5, 2014 677 Views Servicers Navigate the Post-Pandemic World 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Previous: MountainView Announces Sale of $2.4B in Fannie Mae MSRs Next: Morgan Stanley Announces $1.25B Settlement with FHFA The Best Markets For Residential Property Investors 2 days ago 2014-02-05 DSNews Subscribe CoreLogic released on Tuesday its Home Price Index for December, noting an 11% bump year-over-year. According to the company, it was the highest annual rate of increase since 2005, pushing 10 states and the District of Columbia to new all-time price peaks.Out of the 47 states reporting price appreciation in December, Nevada ranked highest for another month, posting annual growth of nearly 24%. Following that were California, Michigan, Oregon, and Georgia, with price increases ranging from 12% to 20%. Only three states experienced price declines compared to December 2012: Arkansas, New Mexico, and Mississippi.A survey of potential home sellers in the first quarter finds many face the same issues that current buyers are grappling with. In a survey released by Redfin Tuesday, 29% of homeowners cited low inventory as one of the concerns they have about listing their house, while 27% said heightened competition has made them doubtful about finding a new home. Another common answer among respondents was the difficulty buyers are currently having getting financing.