REA Sothern Auction Seven Oaks Hotel, Carlow 7th August, 2014 at 3:30 p.m.

PLEASE NOTE AUCTION TIME CHANGE FROM 12:00 PM TO 3:30 PM

Lot 1: C. 8.9 acres (3.6 HA) at Castleroe West, Maganey, Co. Kildare AMV:€70,000
Lot 2: C. 16.4 acres (6.26 HA) at Crooket, Maganey, Co. Kildare AMV:€115,000
Lot 3: Castleroe East, Maganey, Co. Kildare AMV:€65,000

More Details

THREE LOTS FOR SALE BY AUCTION WITH REA SOTHERN

For Sale by Public Auction, Seven Oaks Hotel, Carlow

7^th August, 2014 at 3:30 p.m.

Solicitor: Cyril Osborne, RA Osborne & Son, Athy, Co. Kildare

Lot 1:

C. 8.9 acres (3.6 HA) at Castleroe West, Maganey, Co. Kildare

In one division, these lands offer an opportunity to adjoining/nearby farmers to add to their existing holding.

The lands, which are slightly elevated offer superb views of the Killeshin hills to the west, perhaps allowing a qualifying applicant to construct a dwelling, (subject to PP).  The lands are approx. midway between Carlow and Athy, near the Three Counties pub and Levitstown.

AMV: €70,000

Lot 2

C. 16.4 acres (6.26 HA) at Crooket, Maganey, Co. Kildare

Set out in one division, these lands have frontage to two roads.  Though in need of some reclamation, neighbouring lands show what can be done. Suit neighbouring farmers, or those in the vicinity looking for an out-farm.

AMV: €115,000

Lot 3

Castleroe East, Maganey, Co. Kildare

2 bed cottage on c. 0.6 acre (0.25 HA) site in need of complete renovation.  Situated in a particularly scenic area with Kilkea, Athy and Castledermot to the north and Carlow town to the south.  Though in need of renovation, this fact is reflected in a low reserve.  This fine site offers potential, and due to its elevation has lovely views of the surrounding countryside.

AMV: €65,000

Successful Auction at Ard Gaoithe, Clonmel - c.75 acres for €1,565,000

c. 75 Acres at Ard gaoithe Clonmel, Tipperary sold at auction by REA stokes & Quirke today for €1,565,000
http://www.realestatealliance.ie/commercial/brochure/2855816

REA members hold auctions for clients in 50 locations nationwide

Real Estate Alliance members can sell your property by private treaty or by auction. Talk to your local agent about the auction process as this may be a more suitable vehicle to sell your property or land.

South East Regional Auctions in Friday 18th July Results

REA’s South East Regional Auctions in Friday 18th July

Venue “Dooley’s Hotel, Waterford City on Friday 

7 properties were withdrawn by client the morning of the event. 8 Properties went under the hammer. 5 sold at Auction. 

Lot No.	Property	Status	Price
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15	Upper Main Street, Graiguenamanagh, Co. Kilkenny. 150 The Laurels, Tullow Rd, Carlow. Upper Kilree Street, Bagenalstown, Co. Carlow. Murphys, Castlehill, Carlow. U2, Site 7, Askea Bus Park, O’Brien Rd, Co. Carlow. U3, Site 7, Askea Bus Park, O’Brien Rd, Co. Carlow. 2, St.Catherines Hall Waterford. 49/49A, Spring Garden Alley, Waterford. Hobble Court, Leamy Street, Waterford. Clogheen Service Centre & Oil Depot Killenaule, Co. Tipperary Main Street, Coolgreany Spa Bar, Johnstown Main St., Rathdowney, The Whiskey Shop, Crettyard,Co Laois	W/D W/D SOLD W/D W/D W/D SOLD SOLD W/D W/D W/D SOLD W/D W/D SOLD	€50,000 €55,000 €52,000 €56,000 €30,000

REA South East Auction Disrupted by Land League.

Last Friday’s REA’s Regional Auction held in Dooley’s Hotel in Waterford on the 18th of July 2014

took an unexpected twist when members of the land league objected to the properties being offered for sale. The auctioneer appointed to sell the lots, Harry Sothern, engaged with the protesters and asked them which specific properties had they a problem being offered for sale. Solicitor, John Foley, Bagenalstown, challenged the protesters, as he was acting for vendors of a pub in Graiguenamanagh, which was not a repossessed property.

After some exchanges, the protesters agreed that they would not object to any property being offered for auction, unless a former owner objected from the floor of that property being offered for sale.

Mr. Sothern agreed to commence the auction and ask the floor first if there were any objections to the property being sold.

He proceeded to offer each lot without any objection being raised from the floor, and the auction proceeded smoothly from there on. Mr. Sothern indicated that the REA group are very careful about the properties that they take in for sale, and avoid contentious repossessions. He went on to say that many former owners of repossessed properties are keen to have finality which requires repossessed property to be sold.  Many of the repossessed properties are buy to lets and part of a portfolio held by individuals that can no longer afford to service the repayments, or in many cases, even interest only.

In order for the market to return to something approaching normality, all of these properties must be sold. Harry Sothern is MD of REA Sothern, 37 Dublin Street, Carlow.