09 December 2013
Real Estate Alliance held three Auctions last week on the instruction of
the Department of Defence and sold all properties on the days of the Auction.
This amounts to 10 properties raising just under €1,000,000
The first auction took
place in Killarney’s International Hotel on TUESDAY the 4th of
December at 3pm. This auction featured two properties. The first
,the Old Garda Station in New St. Killarney auctioned by Donal
Culloty of REA Coyne & Culloty of Killarney. The property sold at
Auction for €255,000, a considerable amount over the AMV of €175,000. This
property is located in the centre of Killarney Town on a c.0.25 acre site
has a large yard to the rear.
The second property auctioned by Eddie Barrett
of REA North’s, Tralee, "An Halla Slua", Grey's Lane , off Green St., Dingle ,
A building of c.198 m2 / 2133 sq.ft. ,in a very central location of this
busy Tourism Town. REA North’s, the Auctioneers, were guiding €65,000 and the
property sold at Auction for €85,000
The second auction took
place in Limerick’s Strand Hotel today on the 5th of
December at 3pm. This auction featured three properties. Old
Weslyan Hall in Thurles sold for €110,000, nearly 3 times its AMV quoted at
€38,000. This property was auctioned by REA Seamus Browne, Roscrea.
According to Seamus Browne, “a unique property with a historical background
dating back to c.1848 ideally located in Thurles town centre.
An industrial site at Ballyurra,Kilrush, Co.
Clare sold for €27,000 , handled by REA Paddy
Browne, Ennis. An Industrial site of c 0.6 acres situated close to the
Kilrush Industrial Estate on the Cooraclare / Limerick Road.
The third property for
auction in Limerick was The Sluagh Hall, a Training hall for the
Department of Defence in Midleton, Co. Cork. According to Michael
O’Donoghue of REA O’Donoghue Clarke, Cork City, “the property, a prominent and
strategically positioned ,with a large corner site, The AMV was €100,000 and
the property sold at Auction for €110,000.
The final auction took place in Carrick-on-Shannon’s Bush Hotel
on Friday the 6th of December at 3pm. There were five
properties for Auction on the day.
Manorhamilton property sold
for €62,000 with an AMV of €50,000 & auctioned by Roger McCarrick of REA
McCarrick, Sligo. The site extends to over 500m2 on a site of approximately 0.5
acre and was used as a Primary & Technical School in the past .
The Old Garda Station, Cannon Street, Kells, Co. Meath sold
for €190,000, a fantastic €120,000 over the AMV of €70,000. The agent Tom Gavigan
did a fantastic job dealing with 103 bids for this property. REA T&J
Gavigan, the Auctioneers stated that “the property is a two storey 19th century
natural stone listed building that has been extended and refurbished”.
The former reserve defence force facilities in Roscommon town,
handled by Seamus Carthy of REA Carthy was withdrawn and sold after Auction on
the day for €105,000.
The former RDF purpose
built training premises situated on c. 0.5 acre site in Milford, Co. Donegal was sold at
auction for €30,000.
The former training centre at The Mullins, Donegal Town was withdrawn
and sold after on the day for €37,000, on c. 0.25 acres , with extensive tarmac
area with facility for parking.
to Philip Farrell, CEO of Real Estate Alliance, “we were very pleased with the
results of the Auctions this week and we look forward to working with the
Department of Defence to dispose of more properties in the coming few months”.
Further information about
the auction can be obtained by logging onto www.realestatealliance.ie or by calling 01