Monday 9 December 2013

100% of Lots sold at Department of Defence property auctions.

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.

The 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.

According 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 or by calling 01 6699996