Upcoming Auctions

REA Sothern Auction Seven Oaks Hotel, Carlow 7th August, 2014 at 3:30 p.m.

PLEASE NOTE AUCTION TIME CHANGE FROM 12:00 PM TO 3:30 PM

Lot 1: C. 8.9 acres (3.6 HA) at Castleroe West, Maganey, Co. Kildare AMV:€70,000
Lot 2: C. 16.4 acres (6.26 HA) at Crooket, Maganey, Co. Kildare AMV:€115,000
Lot 3: Castleroe East, Maganey, Co. Kildare AMV:€65,000

More Details

REA members hold auctions for clients in 50 locations nationwide

Real Estate Alliance members can sell your property by private treaty or by auction. Talk to your local agent about the auction process as this may be a more suitable vehicle to sell your property or land.

Auction News

REA Sothern Auction Seven Oaks Hotel, Carlow 7th August, 2014 at 3:30 p.m.Jul-2014

PLEASE NOTE AUCTION TIME CHANGE FROM 12:00 PM TO 3:30 PM

Lot 1: C. 8.9 acres (3.6 HA) at Castleroe West, Maganey, Co. Kildare AMV:€70,000
Lot 2: C. 16.4 acres (6.26 HA) at Crooket, Maganey, Co. Kildare AMV:€115,000
Lot 3: Castleroe East, Maganey, Co. Kildare AMV:€65,000

More Details

THREE LOTS FOR SALE BY AUCTION WITH REA SOTHERNJul-2014


For Sale by Public Auction, Seven Oaks Hotel, Carlow
7thAugust, 2014 at 3:30 p.m.
Solicitor: Cyril Osborne, RA Osborne & Son, Athy, Co. Kildare

Lot 1:

C. 8.9 acres (3.6 HA) at Castleroe West, Maganey, Co. Kildare
In one division, these lands offer an opportunity to adjoining/nearby farmers to add to their existing holding.
The lands, which are slightly elevated offer superb views of the Killeshin hills to the west, perhaps allowing a qualifying applicant to construct a dwelling, (subject to PP).  The lands are approx. midway between Carlow and Athy, near the Three Counties pub and Levitstown.
AMV: €70,000

Lot 2
C. 16.4 acres (6.26 HA) at Crooket, Maganey, Co. Kildare
Set out in one division, these lands have frontage to two roads.  Though in need of some reclamation, neighbouring lands show what can be done. Suit neighbouring farmers, or those in the vicinity looking for an out-farm.
AMV: €115,000

Lot 3
Castleroe East, Maganey, Co. Kildare
2 bed cottage on c. 0.6 acre (0.25 HA) site in need of complete renovation.  Situated in a particularly scenic area with Kilkea, Athy and Castledermot to the north and Carlow town to the south.  Though in need of renovation, this fact is reflected in a low reserve.  This fine site offers potential, and due to its elevation has lovely views of the surrounding countryside.
AMV: €65,000


Successful Auction at Ard Gaoithe, Clonmel - c.75 acres for €1,565,000Jul-2014

c. 75 Acres at Ard gaoithe Clonmel, Tipperary sold at auction by REA stokes & Quirke today for €1,565,000
http://www.realestatealliance.ie/commercial/brochure/2855816

REA members hold auctions for clients in 50 locations nationwideJul-2014

Real Estate Alliance members can sell your property by private treaty or by auction. Talk to your local agent about the auction process as this may be a more suitable vehicle to sell your property or land.

South East Regional Auctions in Friday 18th July ResultsJul-2014





REA’s South East Regional Auctions in Friday 18th July
Venue “Dooley’s Hotel, Waterford City on Friday 

7 properties were withdrawn by client the morning of the event. 8 Properties went under the hammer. 5 sold at Auction. 

Lot No.Property
Status
Price

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15


Upper Main Street, Graiguenamanagh, Co. Kilkenny.
150 The Laurels, Tullow Rd, Carlow.
Upper Kilree Street, Bagenalstown, Co. Carlow.
Murphys, Castlehill, Carlow.
U2, Site 7, Askea Bus Park, O’Brien Rd, Co. Carlow.
U3, Site 7, Askea Bus Park, O’Brien Rd, Co. Carlow.
2, St.Catherines Hall Waterford.
49/49A, Spring Garden Alley, Waterford.
Hobble Court, Leamy Street, Waterford.
Clogheen Service Centre & Oil Depot
Killenaule, Co. Tipperary
Main Street, Coolgreany
Spa Bar, Johnstown
Main St., Rathdowney,
The Whiskey Shop, Crettyard,Co Laois

W/D
W/D
SOLD
W/D
W/D
W/D
SOLD
SOLD
W/D
W/D
W/D
SOLD
W/D
W/D
SOLD


€50,000



€55,000
€52,000



€56,000


€30,000

REA South East Auction Disrupted by Land League.Jul-2014

Last Friday’s REA’s Regional Auction held in Dooley’s Hotel in Waterford on the 18th of July 2014
took an unexpected twist when members of the land league objected to the properties being offered for sale. The auctioneer appointed to sell the lots, Harry Sothern, engaged with the protesters and asked them which specific properties had they a problem being offered for sale. Solicitor, John Foley, Bagenalstown, challenged the protesters, as he was acting for vendors of a pub in Graiguenamanagh, which was not a repossessed property.

After some exchanges, the protesters agreed that they would not object to any property being offered for auction, unless a former owner objected from the floor of that property being offered for sale.

Mr. Sothern agreed to commence the auction and ask the floor first if there were any objections to the property being sold.

He proceeded to offer each lot without any objection being raised from the floor, and the auction proceeded smoothly from there on. Mr. Sothern indicated that the REA group are very careful about the properties that they take in for sale, and avoid contentious repossessions. He went on to say that many former owners of repossessed properties are keen to have finality which requires repossessed property to be sold.  Many of the repossessed properties are buy to lets and part of a portfolio held by individuals that can no longer afford to service the repayments, or in many cases, even interest only.


In order for the market to return to something approaching normality, all of these properties must be sold. Harry Sothern is MD of REA Sothern, 37 Dublin Street, Carlow.

SUCCESSFUL AUCTION OF C. 49 ACRE FARM AT GORTNAGERAGH, DOON, CO. LIMERICK.May-2014

REA JOHN LEE SOLD THIS RESIDENTIAL HOLDING UNDER THE HAMMER FOR €290,000.
The property is best described as upland agricultural land with a right of way running through the middle of it and some very high land in most parts. It is part bisected by the public road with heavy rushy land below the road. There is a uninhabitable derelict residence in the centre of the property. 
Bidding opened at €120,000 and continued in €10,000 increments with two bidders to €210,000. From this it proceeded in €5,000 bids to €235,000. The vendors were consulted and further offers were sought. With further bidding it proceeded to €260,000 at which point it was declared on the market. The hammer eventually fell at €290,000 to a neighbouring person who is not a full time farmer. In all there were two bidders with a number of onlookers.

This was seen as an exceptional price as the initial guide was €240,000 - €250,000

Roebuck Hill House sells at Auction for €1.19m May-2014


REA O'Donnell Roebuck Hill House, Clonskeagh, Dublin 14 at auction for €1.19m on the 7th of May..

Keys Facts
• Georgian House of 595 sq m/ 6,404 sg ft
• Grounds  approx. 0.356 Hectares / 0.88 acres
• AMV €750,000
• 4 bidders
• 34 bids
• Sold for €1,190,000


REA O'Shea O'Toole sells south Co. Kilkenny land sells for €17,820 per acreMay-2014

REA O'Shea O'Toole in Waterford sells land at Auction for €17,820 per acre At Aucton on the 30th of April. 
Keys Facts
• 13.3 acres in three fields
• High quality land in grass
• Located in Mooncoin village 11 km west of Waterford City
• Reserve €133,000
• 3 bidders
• 36 bids
• Sold for €237,000
• Buyer – In Trust
• Planning Permission for 42 retirement homes
• Selling Agent – REA O’Shea O’Toole
The subject lands are located in the village of Mooncoin, Co. Kilkenny approx. 11km
west of Waterford City in close proximity to the N24 Limerick Road. The land was
offered with a guide of €133,000 at Auction on Wednesday 30th April by Des O’Shea
of REA O’Shea O’Toole and was bought in trust for €237,000. The under bidders
were local farmers.

Kilkenny land sells for €19,772 per acreApr-2014

REA Boyd’s sold a 22 acre parcel of high quality grassland today at auction for €435,000 or €19,772 per acre.

The land at Grovine, Kells Road, Kilkenny about 3 miles from the city was offered with a reserve of €250,000 for sale by public auction at the city’s Club House Hotel. The lands were in a clean rectangular block of two fields of high quality grassland in great heart. A ruined cottage and a three span haybarn were included.

The land previously had planning permission for a nursing home that had lapsed some years ago. The agents felt that it only had an agricultural basis and took that approach in selling for receivers Deirdre Sheahan and David Swinburne of KPMG.

The packed auction room saw bidding open immediately at €200,000 and it advanced in bids of €10,000 to €250,000 when the property was declared on the market. Bidding continued swiftly in twos, threes, fives and tens between the two initial bidders until €275,000 when a new bidder entered. The opening bidder drove on to €400,000. A moment’s pause for breath saw a fourth bidder enter and the opening bidder fell out. The third and fourth bidders slugged it out in a mix of twos fives and tens until €425,000. The second bidder, an auctioneer was out of steam.

Michael Boyd offered him time to go and make a phone-call. After a few minutes he returned and trumped all with a bid of ten thousand euros clear to bring the hammer down at €435,000. It was all over in about 15 minutes.

Mr Boyd said; “This was a rare parcel of the highest quality in an area of high demand. Only 4 people got a chance to bid but there were many more bidders in the room for land in this area. Our approach was based on knowledge of the locality and confidence in the will to sell as demonstrated by the low reserve. Everyone looking at this land was confident that time spent looking at it was not wasted. This land was genuinely for sale.

All bidders were farmers or representing farmers and the neighbouring farmer bought it through to extend his holding.”


KEY FACTS

·        22 acres with a haybarn and ruined cottage
·        High quality land all in grass
·        3 miles from Kilkenny City
·        Reserve €250,000
·        4 bidders
·        41 bids
·        Sold for €435,000
·        Buyer; neighbouring farmer
·        Type of bidders; All farmers.

FOR FURTHER INFORMATION; Michael Boyd 0872611699
ENDS