A friend recently bought in Clay Farm, Leopardstown. All apartments come with an allocated parking space, additional parking spaces are available at €5K for a very short stroll away or €10K for immediately adjacent to your block.Has anyone bought such a space in the last few years.
Rent would be €100 - €150 a month in the area.How much does one rent for?
Has the seller advertised a price?
Is there anyone you know who bought a space when the block was first constructed - we have similar car parking but in north inner city and in 2005, a parking space was an additional €20,000 on top of purchase price when apartments were sold as a new build. V lucky it can only be sold to residents, we had two sold by a former owner to outsiders. Would argue here it would be harder to sell without a spot, no visitor parking and on street parking nil twice a day for clear way and as on a very busy thoroughfare visitors often don’t want to leave cars on the road when the clear way isn’t in force
Thank you, this sounds similar. I was thinking around the 5k here as well. Given the fact that he is no longer getting a return on it, has no access to it and his market is the 30 odd people who own apartments here. None of whom have expressed any interest apart from myself.A friend recently bought in Clay Farm, Leopardstown. All apartments come with an allocated parking space, additional parking spaces are available at €5K for a very short stroll away or €10K for immediately adjacent to your block.
Full documentation is available. This has been verified by managing agent and managing company directors. My solicitor will be dealing with his solicitor on this.What sort of money are they looking for it, who's selling it and what documentation comes with it to show you'll own it? I know someone paying €200 per month for a car park space in an apartment block, ie, €2400.00 per year, i'm talking about the Liberties area. I'd imagine it's worth up to €50k, I wouldn't sell for less than that, ie, if it's possible to sell it at all.
Not sure why you thought There’d be a tangent - wait and see what he asks for and go from there - and also think about what it is worth to you to have it. strange that his solicitor didn’t advise him on sale of the apartment that he couldn’t retain a space without an apartmentI just spoke with the sellers solicitor today and I've asked for the price to be sent on to me next week. Unfortunately no I dont know anyone who bought there originally. Block was built about 18 years. I only bought my place 3 years ago.
The guy who is selling the space has to sell it, as he has sold his apartment already. Right now he owns the space but has no access to it. He had bought this himself as an extra space, thinking he could hold onto it after his property sale and continue to rent it out.
This isnt possible and he is ok with this now. So please no tangents needed on this point.
Not sure why you thought There’d be a tangent - wait and see what he asks for and go from there - and also think about what it is worth to you to have it. strange that his solicitor didn’t advise him on sale of the apartment that he couldn’t retain a space without an apartment
Out of interest, the spots for €5k in clay farm - are they above ground parking or fobbed underground parking - may also have a bearing on price
5k is fanciful , I’d imagine 10k is the minimum he wants and he probably paid that for it
Why I thought there would be a tangent, because I was and am trying to avoid my post going in a different direction as per your statement
"strange that his solicitor didn’t advise him on sale of the apartment that he couldn’t retain a space without an apartment"
In my original post I covered what it's worth to me bit.
Just a comment not a tangent and it is odd regardless
Well if he wanted to get back what he paid for it, he should have sold it with the apartment.5k is fanciful , I’d imagine 10k is the minimum he wants and he probably paid that for it
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