Pre '63 Investments
For many years our office has been strongly associated with the acquisition, valuation, full management and sale of these investments. We carry a regular stock of these red brick houses that are available for purchase and our specialised service extends to the acquisition, full refurbishment, letting and management of these units. Many of the sales in this particular area are arranged off market. To facilitate this option we maintain a database of qualified purchasers who are available to inspect and purchase these investments within relatively short time frames.
Since our beginning in 1995, our firm has been closely associated with the valuation and sale of Dublin’s multi- unit Pre’63 investments. This is a specialist area of our practice where we consistently deliver valuable advantage to our clients. Our depth of market and technical knowledge provides confidence and certainty for our sellers. Above all, our clients can be assured that their transaction will receive expert treatment resulting in timely completions at full market price.
Whereas we primarily act on behalf of sellers in this particular area, we also on occasion, act for individuals, pension funds and other investment entities who are seeking to source a volume of high earning Pre ’63 investments. Our Private Clients desk works particularly well in this area. Whether you are a seller or a buyer, as a Private Client of O’Connor Shannon, you can achieve your objective without the full glare of open market publicity. Sellers can sell their investments without upsetting stable tenancies, while private client purchasers can access investment listings which are not otherwise available on the open market – It’s a win-win for both seller and buyer.
Managing a Pre ’63 Investment
The day to day management of Pre’63 investments is but one aspect of our service in this specialist area. Lettings, rent collections, regular condition and maintenance repairs are just some of the services carried out by our expertly trained management team and our results are second to none. Property management also demands expert knowledge of a raft of tenancy legislation which was initiated in the Residential Tenancies Act 2004 and which has been amended several times in recent years. Problems are avoided when a high level of compliance is adopted and maintained. Our managers benefit from regular training and updating sessions and have accumulated a valuable body of knowledge and experience in this area. Expert knowledge and good management practices means our clients can be assured their properties and tenancies are managed efficiently in line with their investment objectives. Like to know more? Click here to find full details of our Lettings and Property Management Services.
Refurbishing a Pre’63 investment
Sometimes, it’s the ugly duckling which offers the best opportunity! A well located and spacious investment in need of work, can be refurbished to a standard which will generate high income levels and exceptional value levels over time. We’re all familiar with phrases such as ‘ wrecks’, ‘ fixer uppers’ or ‘tear downs’ but these can sometimes be where real value can be attained. Our team has may years’ experience in selecting and fitting out such an investment. We also retain a small panel of experienced contractors who tend to specialise in the refurbishment of Pre ‘ 63 buildings.
Commercial Investments
Thinking of selling a mixed- use investment? We are frequently asked to appraise and sell Pre ’63 buildings having perhaps a retail unit or office at ground floor level and with a number of apartments at upper floor levels. These are usually located on main thoroughfares or village centre locations. Should you need assistance with this type of investment, please don’t hesitate to contact our investment team on 01 4968111 or email sales@oconnorshannon.ie. We’ll be pleased to assist you.
