REA

€746,000 worth of property sold today at REA Limerick Auction

03 April 2014





The first North Munster Regional Auction of 2014 was held today in the Limerick Strand Hotel and proved to be a huge success with 77% sold at auction & 15% immediately after auction to the highest bidder giving a 92% success rate.

In summary there were 15 Lots, 2 of which had to be withdrawn prior to auction, 10 properties were sold at auction & 2 sold to the highest bidder immediately after. One property remains unsold but we are presently negotiating with an attendee at the auction.

The total capital value of the Lots was €746,000, the highlight of the auction were  4 High Street, Caherconlish which achieved 97% over its reserve & 56 Caislean na hAbhainn which achieved 25% over their minimum reserves. 

According to Michael O'Connor of REA O'Connor Murphy " We are delighted with our results today. The large attendance proves that there is once again an appetite in the North Munster region for property investments.  We look forward to our next North Munster Auction in June of this year to be held again in the Limerick Strand Hotel".





Lot Number Property  First Bid  Last Bid  Status Min Res diff %

1 45 Ard Aulinn €90,000 €114,000  Sold €99,000 €15,000 15

2 Barrack Street €30,000 €35,000  Sold €35,000 €0 0

3 307 Aviary House  Withdrawn prior to auction

4 56 Caislean na hAbhainn €62,000 €81,000  Sold €65,000 €16,000 25

5 Glebe View  Sold to highest bidder after auction

6 80 Ard Aulinn €90,000 €95,000  Sold €95,000 €0 0

7 Railway Road Currently negotiating

8 27 Clonmacken Ct €62,000 €65,000  Sold €65,000 €0 0

9 Lock House €10,000 €28,000  Sold €15,000 €13,000 87

10 Unit 9/10 Ashbury €43,000 Sold to highest bidder after auction

11 311 Aviary House  Withdrawn prior to auction

12 4 High St €25,000 €49,000  Sold €25,000 €24,000 97

13 112 Richmond Ct €25,000 €30,000  Sold €30,000 €0 0

14 88 Ard Aulinn €95,000 €99,000  Sold €99,000 €0 0

15 138 Carraig Midhe €55,000 €70,000  Sold €60,000 €10,000 17

€666,000

Message from REA member

Eamonn Spratt Eamonn Spratt
REA Spratt

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