Classifieds Advertise Archive Subscriptions Family Announcements Photos Digital Editions/Apps
Connect with us

Property

Commercial vacancy rates down slightly

Avatar

Published

on

Dara Keogh, CEO, GeoDirectory: “The trends we saw throughout 2013 and 2014 seem to have shifted.”

Commercial vacancy rates in Galway have decreased slightly, from 15.2% in Q4 2014 to 15.1% Q4 2015, according to new research published by GeoDirectory.

The total number of occupied commercial premises in Ireland increased throughout 2015 from 194,642 in Q4 2014 to 195,803 in Q4 2015.

The new research is from the Q4 2015 edition of GeoView which is published twice a year. It is the third annual review of commercial vacancy rates in Ireland that not only provides national data but also analyses the data by quarter, by county, by province and across a broad range of sectors in the Irish economy.

At 49,809 Dublin had the largest number of unique commercial address points followed by Cork (25,627) and Galway (12,877). In 2015, Leitrim, Longford and Carlow had the lowest number of commercial address points with less than 3,000 units in each county, as was the case throughout 2013 and 2014.

The review found that the national average commercial vacancy rate in Q4 2015 was 12.6%. This figure represents a decrease in commercial vacancy of 0.2 percentage points since Q4 2014. Kerry recorded the lowest vacancy rate of any county in Q4 2015 at 9.2%; while Sligo recorded the highest at 16.4%. Both counties held the same rankings in Q4 2014. The average commercial vacancy in Connacht went from 14.7% in Q4 2014 to 14.8% in Q4 2015.

The data was published by GeoDirectory which was jointly established by An Post and Ordnance Survey Ireland (OSi) to create and manage Ireland’s only complete database of commercial and residential buildings. These figures are recorded through a combination of the An Post network of 5,600 delivery staff working with OSi.

According to Q4 2015 figures, there were 224,003 commercial properties in Ireland, 28,200 of which were vacant. The largest percentage point increase was seen in Leitrim where the vacancy rate increased by 0.6pp to 16.1% between Q4 2014 and Q4 2015.

Conversely, the largest decrease was seen in Carlow where the vacancy rate fell by 1.2pp to 11.9%. Both Cavan (11%) and Tipperary (11.9%) showed the same vacancy rate in both Q4 2014 and Q4 2015.

For more, read this week’s Connacht Tribune.

Connacht Tribune

Spacious family home takes advantage of light throughout

Avatar

Published

on

Roveagh, Kilcolga

This beautiful family home, which was built in 2001 and extended in 2011, boasts 378 square metres on a three-quarter acre site in Roveagh, Kilcolgan.

Free flowing open plan living spaces marry well with the functional areas of the house. The residence is set amongst mature landscaped gardens that provide privacy, shelter and extend to 0.73 acre.

On entering this home, the sense of light and space are evident with double height entrance hallway that opens to the kitchen and living room.  The kitchen has a customised units, central island, Corian work tops and Neff integrated appliances, the living area is a comfortable open plan area with fireplace and oil fired stove.

The breakfast/dining room is off the living area and has dual corner sliding glass doors that open directly onto a south-west facing sunny patio. The sunroom and en suite guest bedroom are also in this part of the house.  At the other side of the entrance hall is the sitting room with raised hearth open fireplace, a play/games room and guest toilet off the hall.

To finish the ground floor accommodation, there is a utility room with extensive storage leading to fully fitted office and a customised home gym.

The first floor is accessed via a solid timber open tread stairwell onto a bright landing that has a balcony and reading area overlooking the entrance hall. There are four bedrooms on this level, including the main bedroom suite, three further bedrooms one of which is en suite and the main bathroom.

For more, read this week’s Connacht Tribune.

Connacht Tribune Digital Edition App

Download the Connacht Tribune Digital Edition App to access to Galway’s best-selling newspaper.

Click HERE to download it for iPhone and iPad from Apple’s App Store, or HERE to get the Android Version from Google Play.

Or purchase the Digital Edition for PC, Mac or Laptop from Pagesuite  HERE.

Get the Connacht Tribune Live app
The Connacht Tribune Live app is the home of everything that is happening in Galway City and county. It’s completely FREE and features all the latest news, sport and information on what’s on in your area. Click HERE to download it for iPhone and iPad from Apple’s App Store, or HERE to get the Android Version from Google Play.

 

 

 

Continue Reading

Connacht Tribune

Time and history conferred character on this home

Avatar

Published

on

The Hermitage, Ballymoe: on the market with a €425,000 guide price.

The Hermitage at Lisnageeragh, Ballymoe is a property on which time and history has conferred a character that no new property could mirror.

Overlooking 16.3 acres of rolling green fields which are included in the sale, this is indeed a unique house and comes to market with charming well maintained stone buildings. These could provide further family accommodation, holiday rentals or craft studios.

The front hall has a beautiful, curved window and leads to two reception rooms on either side of the house. The sitting room has an open fireplace with a black cast iron surround and wooden floors which gleam from years of care and reflect the light coming from two large windows. To the right-hand side, the dining room also has an attractive bay window and an oil-fired stove and it is indeed the perfect social /entertaining space.

To the rear of the house the kitchen is a classic example of a successful marriage of the old and the new. Bespoke shaker style units combine perfectly with modern recessed lighting, attractive tiling and includes a pantry area to one side. A good-sized bedroom and adjacent bathroom complete the downstairs of the main house.

Upstairs there are four bedrooms one of which has an en suite shower. The main bedroom is a delightful space which leads to another small room, a perfect nursery or walk in wardrobe.

For more, read this week’s Connacht Tribune.

Connacht Tribune Digital Edition App

Download the Connacht Tribune Digital Edition App to access to Galway’s best-selling newspaper.

Click HERE to download it for iPhone and iPad from Apple’s App Store, or HERE to get the Android Version from Google Play.

Or purchase the Digital Edition for PC, Mac or Laptop from Pagesuite  HERE.

Get the Connacht Tribune Live app
The Connacht Tribune Live app is the home of everything that is happening in Galway City and county. It’s completely FREE and features all the latest news, sport and information on what’s on in your area. Click HERE to download it for iPhone and iPad from Apple’s App Store, or HERE to get the Android Version from Google Play.

Continue Reading

Connacht Tribune

€4.5m worth of property sold during online event

Avatar

Published

on

This detached house at Seacrest in Knocknacarra attracted a "staggering" level of interest.

More than €4.5 million worth of sales were recorded at the O’Donnellan & Joyce auction last week, where 350 people had pre-registered to bid on the 40 properties which went under the hammer.

80% of the properties sold during the auction or following negotiations immediately afterwards.

Among the properties sold at the auction were:

106 Seacrest, Knocknacarra, Galway. Guiding at €250,000 due to the extent of renovation and upgrade works required, the auctioneers were staggered at the level of interest in this 4-bed detached house.

Siobhra Hennessy, Senior Auction Co-Ordinator, said: “There is an increasing demand for city centre homes in need of repair. Couples want to put their own stamp on a property and often look for properties similar to this.”

Bidding commenced at €250,000 but quickly rose to over €350,000. After intense bidding from a number of internet and telephone bidders, the sale price of €364,000 was reached and the deal was done.

192 Bohermore, Galway. A 2-bed terraced house which attracted great attention, with many enquiries and bidders pre-registering. The house needs complete restoration and modernisation works but obviously appealed to a wide audience. It guided at €120,000, but sold for €179,000, despite the great amount of work required. Again, this is an example of a near-derelict building that offered great potential.

For more, read this week’s Connacht Tribune.

Connacht Tribune Digital Edition App

Download the Connacht Tribune Digital Edition App to access to Galway’s best-selling newspaper.

Click HERE to download it for iPhone and iPad from Apple’s App Store, or HERE to get the Android Version from Google Play.

Or purchase the Digital Edition for PC, Mac or Laptop from Pagesuite  HERE.

Get the Connacht Tribune Live app
The Connacht Tribune Live app is the home of everything that is happening in Galway City and county. It’s completely FREE and features all the latest news, sport and information on what’s on in your area. Click HERE to download it for iPhone and iPad from Apple’s App Store, or HERE to get the Android Version from Google Play.

Continue Reading

Local Ads

Local Ads

Advertisement
Advertisement

Facebook

Advertisement

Trending