Real Estate Alliance
LAND AUCTION TUESDAY, 23RD MARCH @ 3P.M. IN THE OFFICES OF JOHN LEE & SON REALESTATE ALLIANCE, MAIN STREET, NEWPORT, CO. TIPPERARY.
LANDS AT FOILDUFF, TOOR, NEWPORT, CO. TIPPERARY SOLD FOR €204,000.
C. 50 ACRES AND DILAPIDATED DWELLING.
THE LANDS ARE OF AN AVERAGE NATURE IN GENERAL, SURROUNDED BY FORESTRY LAND AND DIVIDED BY THE PUBLIC ROAD. THE LANDS WERE OFFERED IN TWO SEPARATE LOTS AND THEN THE ENTIRE.
BIDDING FOR THE ENTIRE OPENED AT €80,000 AND REACHED €140,000 IN BIDS OF €10,000 EACH. THERE WERE THREE BIDDERS FOR THIS SECTION.
THE PROPERTY WAS THEN OFFERED IN TWO SEPARATE LOTS AND THE FIRST SECTION CONTAINED 20 ACRES AND THE RESIDENCE THIS ONLY REACHED €50,000 AND WAS WITHDRAWN. THERE WERE NO OFFERS FOR THE OTHER SECTION C. 30 ACRES.
THE PRPOERTY WAS THEN OFFERED AGAIN IN ITS ENTIRETY AND REACHED €150,000 WHEREUPON IT WAS PLACED ON THE MARKET. THREE BIDDERS FOUGHT IT OUT WITH ONE DROPPING OUT AT €160,000. THE HAMMER FELL TO AN ADJOINING FARMER AT €204,000. THIS WAS SEEN AS A VERY GOOD OUTCOME.
THE LAND WAS SOLD ON BEHALF OF THE EXECUTORS OF THE ESTATE OF JAMES KENNEDY, DECD. AND WAS CONDUCTED BY JAMES LEE of John Lee & Son, Newport, Co. Tipperary, MIAVI.
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