Dublin firm Mannion Auctioneers specialises in London and UK property investment and has a proven track record in high-profile opportunities for its clients. This includes the luxury and high-profile apartments at Highbury Stadium, Arsenal's former football club and W01 in Wembley, which is the first residential phase of a 5.6bn landmark urban regeneration project currently underway in advance of the 2012 Olympics.
Mannion was also the sole Irish agent for Highbury Stadium when the apartments were released in February 2006. Although completion is not until September 2008, already purchasers have seen a 15% increase in prices over the past 12 months, having parted with only a 5% deposit.
Through Mannion's, Irish investors were the first in Europe to be offered the opportunity to purchase residential property at Wembley, in what is the largest urban regeneration project in Europe. Currently an area of 70 acres is being developed, equivalent in size to London's West End, into 6.1 million sq. ft of residential, retail, commercial and leisure space. Investors in the W01 apartments at Wembley, which were released in May 06 and scheduled for completion in May 2008, have enjoyed a 15% increase in price. To date, over 130 apartments in the seven storey 'W01' building have already sold off the plans.
Said managing director, Seamus Mannion, "When investing in property, you must consider the end user, which in this case is a ready supply of tenants with secure well-paid jobs that will pay the rent. In a major city like London, one of the world's top business and financial capitals, rental demand is always strong with yields in the region of 5.5 to 6%."
"It is all very well buying in far-off Giberobia for 35,000 with the promise of 50% capital appreciation and a so-called rent guarantee which in many cases is already built into the price!", continued Seamus.
"From my own viewpoint, I would prefer to buy through a legal system similar to our own and with the confidence that I can rent my investment."
Mannion also advised that the day you buy is the day you sell, so make sure your property investment is in a major city, close to public transport and there are plenty of good jobs within striking range.
Mannion has built up excellent business relationships with several high-profile London developers and agents and delivered on all the deals agreed. This is essential in securing maximum discount and the best business terms for all future deals.
The company will shortly be launching a scheme in West Drayton, just 2.5 miles from Heathrow Airport and adjacent to Stockley Park, Europe's largest business centre, with employers like Apple, Canon and Adobe. With the development of Terminal 5 at Heathrow Airport and the subsequent knock-on in employment, rental demand for this area is likely to be very strong.
Completion of this scheme is scheduled for June 2008.
Bristol is the second most affluent city in the UK with a strong population of high-earners and housing is still very affordable. Mannion is currently involved in a magnificent scheme with lake views and prices starting from Stg�135,000. It will not be complete until 2011, giving ample time for capital growth and the option to sell on your contract.
Mannion Auctioneers is also one of Dublin's leading letting and property management agencies. It has been a mutually beneficial relationship for many of their letting and property management clients who have also bought UK property through them.
"We offer a professional, transparent and simple investment solution for our clients. Our lettings background enables us to advise landlords on how to present their property to the rentals market and which areas provide the best yields", said Seamus Mannion. "We were the sole Irish agents for the Barratt Homes, Exon apartments in Romford, Essex in December 2006. These were just completed in May last month and our investors are currently renting and seeing yields of 6%."
Clients purchasing UK property through Mannion Auctioneers can also avail of a number of services, including furnishing, letting, rent collection, quarterly inspections and maintenance.
Due to its ongoing success in the UK market, Mannion Auctioneers decided to expand its offices and after 12 years in Dawson Street will move to the former Hertz building at Leeson Street Bridge in Upper Leeson Street in July.
For further information on UK investment opportunities, contact Mannion Auctioneers at 01-6709727. www. mannion. ie
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