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GRIMES REAL ESTATE ALLIANCE MAKE RECORD SALE

Grimes Real Estate Alliance in Co Meath had a surprising auction result earlier this month when 0.7 acres (0.28 Hectares), with a guide price of �750,000, sold at auction for �2,125,000.

The site on Hunters Lane, at the back of the Ashbourne Garda Station and next to the Ashbourne House Hotel, is zoned for commercial, office/ retail and residential use. Potential buyers were also attracted by the fact the development site is strategically located within 200 yards of the new Ashbourne Town Centre.�

Paul Grimes of Grimes Real Estate Alliance commented; �this was a surprisingly good result for a site of this nature. Demand was strong and we had five parities seriously interested in the land but it was still a pleasant surprise that this plot sold for so much over the guide price.

This sale will be of real interest to those interested in either buying or selling land in the area as the figures equate to �3,030,000 per acre of zoned land which, until now, was unheard of in this region.�

�The site was bought by a private individual who did not disclose their plans for the site. No doubt, local residents and those thinking about investing in the area will be watching this site over the coming months with keen interest;� said Mr. Grimes.

- ENDS -

For further details or to receive a copy of Real Estate Alliances top tips for selling land please contact Kirsten Connolly, Plunkett Communications on (01) 678 1460/ 087 3939 991 or email kirsten@plunkettcommunications.com

NOTE TO EDITORS Real Estate Alliance is a strategic marketing alliance comprising some of the country�s best-established auctioneers and estate agents.� Real Estate Alliance�s key focus is on locally-owned and established estate agents.� With one quarter of the alliance�s firms in business for more than a century, and with an existing IAVI president & five IAVI past presidents among the group�s members, the alliance is characterised by the established strength of its membership.� In addition, membership is only open to firms led by members of the Irish Auctioneers & Valuers Institute or the Society of Chartered Surveyors.� Clients of Real Estate Alliance members benefit from: Real Advice - Because member firms are locally-rooted and independently owned, they have first-hand market knowledge that ensures clients make only the best-informed real estate decisions. Real Commitment - Member firms are well established, leading local businesses built on delivering the best results for their clients. Real Service - Real Estate Alliance member firms have the detailed understanding of the local property issues facing clients to ensure that they provide a superior range of client services. Real Professionalism - As Ireland's highest-qualified property professionals, Real Estate Alliance sales staff are members of the IAVI or the SCS, the representative bodies for Ireland's top property professionals. Real Confidence - IAVI members complete far more property transactions than any other professional group. Real Estate Alliance member firms harness this transaction volume to seize opportunities and speed the transaction process for you. Real Coverage - With more than 400 professional staff in 40 offices located nationwide, Real Estate Alliance member firms can provide the best real estate advice locally and nationwide.

NOTE TO EDITORS

Real Estate Alliance is a strategic marketing alliance comprising some of the country�s best-established auctioneers and estate agents. Our key focus is on locally-owned and established estate agents. With one quarter of the alliance�s firms in business for more than a century, and with an existing IAVI president & five IAVI past presidents among the group�s members, the alliance is characterised by the established strength of its membership. In addition, membership is only open to firms led by members of the Irish Auctioneers & Valuers Institute or the Society of Chartered Surveyors.

Clients of REA members benefit from:

Real Advice

- Because member firms are locally-rooted and independently owned, they have first-hand market knowledge that ensures clients make only the best-informed real estate decisions.

Real Commitment

- Member firms are well established, leading local businesses built on delivering the best results for their clients.

Real Service

- Our member firms have the detailed understanding of the local property issues facing clients to ensure that they provide a superior range of client services.

Real Professionalism

- As Ireland\'s highest-qualified property professionals, REA sales staff are members of the IAVI or the SCS, the representative bodies for Ireland\'s top property professionals.

Real Confidence

- IAVI members complete far more property transactions than any other professional group. Our member firms harness this transaction volume to seize opportunities and speed the transaction process for you.

Real Coverage

- With more than 400 professional staff in 40 offices located nationwide, our member firms can provide the best real estate advice locally and nationwide.

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