How would you spend €500k?

Johanna Murphy

Auctioneer based in Cobh, and would invest in rental properties (johannamurphy.com).

“I would buy two investment properties that have never been rented out before so that I could maximise my rental return per house. I wouldn’t mind if they needed cosmetic work but certainly nothing major. They would have to be on a bus route or train route and of course Cobh would be my choice as a lot of people are moving to Cobh due to the quality of life it provides and also the public transport system provided. I would love to buy a property in Cobh town and turn it into a business hub with hot desks, conference room and a virtual meeting room. I do think this is the way forward for small towns and especially Cobh as there is going to be massive development going forward in Cork Harbour as it has been pinpointed as the Energy Hub o the south coast. I would love to build a retirement pad in my garden one day overlooking the Harbour – I live in an old house and love it, but I have this idea of a modern Condo full of windows so that I take in the weather elements no matter what time of year it is.”

Hugh Morris

Managing Director and Owner of Hugh Morris Alliance Auctioneers with o ices in Dublin, Navan, and Kells.

“I would be looking to purchase mixed-use units in secondary and primary growth towns in the greater Dublin area. Dublin City has experienced a surge in property prices, making it increasingly challenging for investors to establish themselves within the city limits. This situation presents a unique opportunity to focus on town centres in secondary and primary growth towns, where mixed-use units can o er attractive investment prospects. Mixed-use units encompass a blend of retail and residential spaces. With opportunity for redevelopment for multiple units, o ering several advantages for investors. These properties provide multiple income streams, with retail spaces attracting local businesses and contributing to the vibrancy of the town centre, while residential units o er long-term rental income and potential for capital appreciation. In secondary and primary growth towns, there are ample opportunities to acquire existing buildings in need of repair and renewal. The government has recognized the importance of revitalizing these areas with recent policy changes and new incentives such as grants and capital allowances to encourage property owners to undertake renovation projects. By taking advantage of these programs, investors can enhance the desirability of their mixed-use units while benefiting from potential yields of 10% or higher and market value growth.”