Wednesday 24 March 2010

ACC bank sells within four weeks

ACC bank sells within four weeks

The former ACC bank premises at Main Street, Roscommon, was sold this
week by Carthy and Associates Real Estate Alliance, with the sale being agreed within four weeks of going to the market.

The building was sold for €575,000, €75,000 over the guide price of €500,000. The purchaser was a local professional businessman.

Speaking to Roscommon People, auctioneer Seamus Carthy
of Carthy & Associates REA in Castlerea, said, “I can confirm that we
agreed the sale within four weeks of it going on the market. The
property, without any huge advertising campaign, generated substantial interest and Carthy and Associates conducted in excess of
20 viewings.

“Due to the quality of the building and the attractive guide price of €500,000, over sixteen bids came in on the property. As part of the requirement from ACC Bank, each bid had to confirm that they had funds in place. All interest in the property was local as it preceded any national advertising campaign.

“ACC Bank comprised of a relatively new building measuring 255 sq. metres, over three floors, finished internally and externally to a very high specification. As such from any potential purchaser’s point of view, it was a building that was ready to go with very little outlay to be incurred once purchased.”

The three storey end-of-terrace building with a single storey extension to the rear enjoys a prime location on the Main Street of the county town. Noting that the former bank premises achieved in excess of €100,000 over the guide price, Mr. Carthy said, “If properties are priced correctly, there is substantial interest out there from buyers who have funds in place.”

Carthy and Associates now have a substantial list of people who have expressed interest in quality properties at the right price. These people have funds in place and are actively seeking property opportunities. Seamus Carthy is available in confidence to talk to any parties who wish to sell properties in the currently climate. Good advice and approaching the market correctly is the key to successfully selling property in the current climate. Sellers need quality professional advice and Seamus Carthy is available at (094) 96 25990 (office) or (086) 8035538.