Scheme to reduce vacant property rates

first_imgRELATED ARTICLESMORE FROM AUTHOR Limerick Artist ‘Willzee’ releases new Music Video – “A Dream of Peace” Vanishing Ireland podcast documenting interviews with people over 70’s, looking for volunteers to share their stories Facebook Email Limerick’s National Camogie League double header to be streamed live WhatsApp Predictions on the future of learning discussed at Limerick Lifelong Learning Festival Previous articleShannon figures soarNext articleWind weather alert downgraded John Keogh Printcenter_img NewsScheme to reduce vacant property ratesBy John Keogh – January 15, 2015 690 TAGSbusinessCllr James Collinscommercial rateslimerickLimerick City and County Councilvacant properties Advertisement WATCH: “Everyone is fighting so hard to get on” – Pat Ryan on competitive camogie squads Linkedin Limerick County Council meet for the last time after 115 years in existence A NEW Business Incentive Scheme aimed at providing some financial relief for the owners of vacant properties was introduced as part of Limerick City and County Council’s 2015 budget.Rather than a universal bill of 50 per cent of the going annual commercial rate, as had already been the case in Limerick city, a sliding scale of charges will now be introduced.Sign up for the weekly Limerick Post newsletter Sign Up In a move that is aimed at softening the blow for the owners of smaller or rural commercial properties, charges will now be dependent on the rate that the property would be liable for if it was occupied.Properties that incur a commercial rate of less than €2,500 will now pay nothing, those liable for rates of €2,500 to €9,999 will pay 50 per cent, while those eligible for rates in excess of €10,000 will pay 75 per cent of the commercial rate.It is hoped that the scheme will be of benefit to the owners of small businesses that have ceased trading, who do not have the means to pay high commercial rates.Cllr James Collins, leader of the Fianna Fáil metropolitan group, told the Limerick Post: “The rationale behind this is there is a belief that there are people who own large commercial properties in the city centre, and they’re happy to sit on those properties and leave them vacant rather than allowing their competitors to move in.“So we asked if we could devise a sliding scale where the larger properties pay a higher percentage and smaller properties with a smaller rental value pay a lower percentage, if any.” Twitter Limerick Ladies National Football League opener to be streamed livelast_img read more

Half-year results up at Auction House

first_imgAuction House reports impressive half-year results for 2018, with the number of lots sold up 3.8 per cent on the same period in 2017.Between January and June the group sold 1,571 lots from 2,096 offered – a success rate of 75 per cent, raising nearly £197,657,900. During the first six months of last year the group sold 1,516 lots from 2,020 offered (also a 75 per cent success rate) and raised £182.8m.Director Roger Lake said, “These figures reflect very well in what is undeniably a challenging climate and with some buyers becoming more selective – most noticeably buy-to-let investors. Despite this, all our metrics have strengthened and our ability to sell three quarters of everything we offer has been maintained year on year.”Roger says that the group has also noticed another interesting trend in the last six months, “The decline of the High Street is now showing through in the higher proportion of shops and mixed-use premises being offered and sold, with 245 of them entering our catalogues in the last six months.”The photo shows two freehold ground floor shop units with a one bedroom flat on the High Street, Thorpe-le-Soken, Essex, which sold for £204,000, from a guide of £185,000.Roger Lake auction Auction House buy-to-let investors August 20, 2018The NegotiatorWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles Letting agent fined £11,500 over unlicenced rent-to-rent HMO3rd May 2021 BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Home » News » Auctions news » Half-year results up at Auction House previous nextAuctions newsHalf-year results up at Auction HouseThe Negotiator20th August 20180330 Viewslast_img read more