Upcoming Auctions

Auction News

Exceptional Result at REA Grimes Co. Meath AuctionMar-2015

A prime development site at Bachelors Walk, Ashbourne sold at auction today for €750,000. This figure represents €200,000 over the guide price. The site has full planning permission for the construction of 6 detached residences on 0.445 hectares (1.1 acres). The auction attracted a high level of interest and bidding was brisk
More info on www.reagrimes.ie and contact 00353 1 8350333

C.15.8 acres, Clonroosk, Portlaoise, Co. Laois for sale by public auction 5th February, 2015 Jan-2015

REA Sothern are holding an Auction on theat 4pm in The Killeshin Hotel, Portlaoise, Co. Laois on February 5th for c. 15.8 acres, Clonroosk, Portlaoise, Co. Laoise.These lands have extensive road frontage to the southerly bypass and consists of C. 10.85 acres zones residential and remainder unzoned flood plain.

More Details

More info contact REA Sothern on 059 9131218

Auction in Limerick on the 20th of November a huge successNov-2014

REA O'Connor Murphy held an Auction on the 20th of November at 12pm in the Strand Hotel. Contact REA O'Connor on 061279300. Four properties went under the hammer with all Lots selling in excess of the reserves. Main Development Land at Rosmor made €590,000 with a guide at €225,000 to €275,000.
Retail unit at Woolworth Lane, Limerick
Building with potential at Myles Street, Limerick
Industrial Unit at 4B Eastway Business Park, Ballysimon Road, Limerick
DEVELOPMENT LANDS at Rosmor, Old Cork Road, Limerick. More Details

Borrisokane Lands Sell at Auction - REA DillonNov-2014

On the 30th October 2014, REA Eoin Dillon held a public auction at the Ormond Hotel, Nenagh, Co Tipperary in relation to 5.56 hectares (13.72 acres) of former development lands at Bushypark, Borrisokane, Co Tipperary.  The lands once had planning permission for 41 houses and provision for a further 28 houses.  They were also subject to a right of way and way-leave.  The advised minimum value was €150,000.

The auctioneer opened the auction seeking bids of €150,000 and dropped in €10,000’s before the first bidder a local farmer and contractor got the bidding off.  A local solicitor then immediately bid €125,000 and one more bid of €5,000 being received to bring the bidding to €130,000, from there on the bidding was fast and a two horse race ensued with25 bids of €2,500 being made before the auctioneer broke to discuss the matter with the vendors at €192,500 and to give the bidders a chance to catch their breath.   On his return the auctioneer immediately announced that the property was on the market and a bid of €200,000 was received from the farmer/contractor.  The farmer and solicitor quickly exchanged bids of €2,500 before the hammer fell to the farmer/contractor at €215,000.  The sale price represented a price of €15,670 per acre (€38,722 per hectare).  Speaking after the Auction the auctioneer said that the sale was an important step in drawing a line in the sand and restoring confidence in the market that the development land market had bottomed out and there was a market for good quality well located lands.   The same agent also agreed the sale of 7.6 acres of lands at Coolaholloga, Nenagh by Private treaty on the same day for what is believed to be close to €8,600 per acre.  Rea Dillon will shortly be auctioning over 20 acres of former development lands at Tyone Nenagh.  The lands once had the benefit of planning permission for over 200 houses and will be offered for sale by auction on the 6thof December with a guide price of €200,000 inc VAT.