In spite of the uncertainty of Brexit, 2019 will be another strong performing year for the Irish property sector.
This afternoon, Lisney chartered surveyors made several observations on Budget 2019 in relation to property. In particular, Lisney welcomed the assistance given to private residential investors, the increased spending on housing generally and the increase in the threshold for Group A in Capital Acquisitions Tax. However, Lisney expressed disappointment that the VAT rate in the hospitality and tourism sector is reverting to 13.5%.
The entire of White Heather Industrial Estate on Sotuh Circular Road in Dublin 8 and an adjoining three-bedroom house is being offered For Sale by Public Tender through joint agents Lisney and PALRE.
Extending to approximately 6,740 Sq.M. on 1.15 hectares (2.84 acres) with 188m of canal frontage, the investment is currently producing rental income of €542,000 per annum from five tenants, including An Post, which operates a sorting office from its premises.