House 1 is a ready to occupy family home in a very desirable part of Dublin. Close to all amenities, prestigious schools, universities and hospitals.
House 2 is a money pit in the middle of nowhere. It is a protected structure, so you’d have to invite the council in for tea any time you’d want to drive a nail. Also it’s a receiver sale and a classic pig in a poke.
“TENURE & POSSESSION | The property is being sold on an “as is” basis and is offered subject to the benefit of any existing tenancies, licences, or rights of occupation, whether formally documented or otherwise. Vacant possession will not be provided on completion, as part or all of the property may be occupied at that time.
The vendor has limited information regarding the current occupation arrangements and does not provide representations or warranties as to the identity of occupiers, the extent or nature of occupation, or the terms or enforceability of any tenancy or licence. Any available occupancy information will be limited to what is disclosed in the legal documentation.
Inspections are subject to occupier cooperation and existing rights of occupation. The vendor does not hold keys to occupied areas and will not be required to provide access or keys for those areas on completion.
Any rental deposits or security payments paid by occupiers are not held by the vendor and will not transfer with the sale. Purchasers should make their own enquiries and satisfy themselves as to all matters relating to occupation prior to purchase.”
The Vendor is a receiver for a bank who has no idea what the owner/borrower did what the property since he drew down the loan. So they are covering themselves off in case the owner did let some or all of the property to a tenant.
Also a protected structure and looks like a cunt to heat. On the other hand you could indulge your inner Jane Austen and pretend you were a minor aristocrat.
10 years ago now - the auctioneers are being quite deliberate with their wording but it seems as if there may be tenants scattered about the place whether they’re paying or not. A bit of a minefield really.