SUCCESSFUL AUCTION OF C. 49 ACRE FARM AT GORTNAGERAGH, DOON, CO. LIMERICK.

REA JOHN LEE SOLD THIS RESIDENTIAL HOLDING UNDER THE HAMMER FOR €290,000.

The property is best described as upland agricultural land with a right of way running through the middle of it and some very high land in most parts. It is part bisected by the public road with heavy rushy land below the road. There is a uninhabitable derelict residence in the centre of the property. 

Bidding opened at €120,000 and continued in €10,000 increments with two bidders to €210,000. From this it proceeded in €5,000 bids to €235,000. The vendors were consulted and further offers were sought. With further bidding it proceeded to €260,000 at which point it was declared on the market. The hammer eventually fell at €290,000 to a neighbouring person who is not a full time farmer. In all there were two bidders with a number of onlookers.

This was seen as an exceptional price as the initial guide was €240,000 - €250,000

REA has announced the addition of four new offices to its national roster

Ireland’s fastest-growing network, Real Estate Alliance, has announced the addition of four new offices to its national roster.

Real Estate Alliance (REA) is Ireland’s leading property group of Chartered Surveyors with over 50 branches nationwide, comprising many of the country’s longest-established auctioneers and estate agents.

The innovative group this week unveiled new offices in Clonmel, Westport, Naas and Carrickmascross, adding to its growing national footprint.

“We are delighted to have these new members on board and they represent the type of firm which Real Estate Alliance is proud to be associated with – experienced, professional and qualified,” said REA CEO Philip Farrell.

 “The combination of business being distributed to REA agents from central office, together with the requirement that all agents must be accredited Chartered Surveyors is proving a major attraction to new members.

“Members enjoy the fact that Real Estate Alliance is different from other property groups and they can tap-in to the wealth of knowledge within the group which is particularly useful in valuation work.

“The new agents who have joined our network are REA Stokes & Quirke in Clonmel, REA Olivia Needham in Westport and in Naas REA Brophy Farrell have opened a new office in addition to their Newbridge outlet. REA Gunne Property in Carrickmacross have opened up a new office in addition to their office in Dundalk.

“The recent addition of our new Property Tracker system that interfaces with the clients to give real-time reports to banks and receivers, allows agent and client to deal with sales and management in a much more efficient manner.”
John Stokes of REA Stokes & Quirke in Clonmel has joined the Alliance due to the Group’s increase presence and expert take on the property market.

“We feel that the progressive approach which REA are currently showing in the market place is a vindication of their belief in the positive future which is ahead of us, both in terms of our economy and the property sector,” he said.

“REA are visible, innovative, effective, and their nationwide view on the market through their continued surveying is one that provides a realistic and trustworthy message to both buyers and sellers.”

Available for interview:

Philip Farrell, CEO Real Estate Alliance, 086 250 3515, philip@realestatealliance.ie

For further information on exhibition contact:

Eimer O’Keefe, Real Estate Alliance,  086 8249040 / eimer@realestatealliance.ie

Roebuck Hill House sells at Auction for €1.19m

REA O'Donnell Roebuck Hill House, Clonskeagh, Dublin 14 at auction for €1.19m on the 7th of May..

Keys Facts

• Georgian House of 595 sq m/ 6,404 sg ft

• Grounds  approx. 0.356 Hectares / 0.88 acres

• AMV €750,000

• 4 bidders

• 34 bids

• Sold for €1,190,000

http://www.myhome.ie/residential/brochure/roebuck-hill-house-roebuck-road-clonskeagh-dublin-14/2785850

REA O'Shea O'Toole sells south Co. Kilkenny land sells for €17,820 per acre

REA O'Shea O'Toole in Waterford sells land at Auction for €17,820 per acre At Aucton on the 30th of April. 

Keys Facts

• 13.3 acres in three fields

• High quality land in grass

• Located in Mooncoin village 11 km west of Waterford City

• Reserve €133,000

• 3 bidders

• 36 bids

• Sold for €237,000

• Buyer – In Trust

• Planning Permission for 42 retirement homes

• Selling Agent – REA O’Shea O’Toole

The subject lands are located in the village of Mooncoin, Co. Kilkenny approx. 11km

west of Waterford City in close proximity to the N24 Limerick Road. The land was

offered with a guide of €133,000 at Auction on Wednesday 30th April by Des O’Shea

of REA O’Shea O’Toole and was bought in trust for €237,000. The under bidders

were local farmers.

Kilkenny land sells for €19,772 per acre

REA Boyd’s sold a 22 acre parcel of high quality grassland today at auction for €435,000 or €19,772 per acre.

The land at Grovine, Kells Road, Kilkenny about 3 miles from the city was offered with a reserve of €250,000 for sale by public auction at the city’s Club House Hotel. The lands were in a clean rectangular block of two fields of high quality grassland in great heart. A ruined cottage and a three span haybarn were included.

The land previously had planning permission for a nursing home that had lapsed some years ago. The agents felt that it only had an agricultural basis and took that approach in selling for receivers Deirdre Sheahan and David Swinburne of KPMG.

The packed auction room saw bidding open immediately at €200,000 and it advanced in bids of €10,000 to €250,000 when the property was declared on the market. Bidding continued swiftly in twos, threes, fives and tens between the two initial bidders until €275,000 when a new bidder entered. The opening bidder drove on to €400,000. A moment’s pause for breath saw a fourth bidder enter and the opening bidder fell out. The third and fourth bidders slugged it out in a mix of twos fives and tens until €425,000. The second bidder, an auctioneer was out of steam.

Michael Boyd offered him time to go and make a phone-call. After a few minutes he returned and trumped all with a bid of ten thousand euros clear to bring the hammer down at €435,000. It was all over in about 15 minutes.

Mr Boyd said; “This was a rare parcel of the highest quality in an area of high demand. Only 4 people got a chance to bid but there were many more bidders in the room for land in this area. Our approach was based on knowledge of the locality and confidence in the will to sell as demonstrated by the low reserve. Everyone looking at this land was confident that time spent looking at it was not wasted. This land was genuinely for sale.

All bidders were farmers or representing farmers and the neighbouring farmer bought it through to extend his holding.”

KEY FACTS

·        22 acres with a haybarn and ruined cottage

·        High quality land all in grass

·        3 miles from Kilkenny City

·        Reserve €250,000

·        4 bidders

·        41 bids

·        Sold for €435,000

·        Buyer; neighbouring farmer

·        Type of bidders; All farmers.

FOR FURTHER INFORMATION; Michael Boyd 0872611699

ENDS

REA Regional Auction in Carrick on Shannon

Friday April 25^th

Bush Hotel, Carrick on Shannon, Co. Leitrim

Lot 1 :

No. 8 Kilkenny Close, Castlebar, Co. Mayo
Quality 3 Bed home in excellent Location (REA Carthy)

Reserve €100,000

Lot 2 :

Ex RDF Building at Church Street, Longford Co. Longford
On the Instructions of the Dept. of Defence. (REA Brady)

Reserve €75,000

Lot 3 :

Knockmore, Castlerea Town, 7 Bedroom Bungalow, (Former Nursing Home).
Quality Location with Great Potential. (REA Carthy)

Reserve €50,000

Lot 4 :

Tarmon Manor, Castlerea, (as per seamus text) (REA Carthy)

Reserve €50,000

Lot 5 :

Lands at Gortleck, Cootehall, Co. Roscommon,
containing c. 10.2 Acres.
On the instructions of the Estate of Mr. Andrew Kerrigan (Deceased) (REA Brady)

Reserve €34,000

Lot 6 :

House and Lands at Gortleck, Cootehall, containing c.15.5 Acres
On the instructions of the Estate of Mr. Andrew Kerrigan (Deceased) (REA Brady)

Reserve €66,000

Lot 7 :

The combination of Lots 5 & 6 (REA Brady)

Reserve €100,000

Lot 8 :

c. 96 Acres of Agricultural Land at Farrangalliagh & Faus, Boyle, Co. Roscommon (REA Carthy)

Withdrawn

REA Brady: (071) 96 22 444

REA Carthy: (094) 962 5990

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

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

Property prices up 6.2% outside Dublin as three-tier market emerges

The first signs of a nationwide property recovery in 2014 has been confirmed with one national estate agency group reporting a 6.2% annual price increase outside Dublin – as a three-tier market emerges.
A survey of 48 Real Estate Alliance members nationwide has reported a mini-boom in the residential market around the country since mid-January, with average viewing numbers up by 84%.
“We are now moving from a two-tier market to a three-tier one for the first time, with Dublin, a large commuter ring and large urban areas nationwide, and then the rest of the rural areas all showing different levels of positive activity,” said Philip Farrell, Real Estate Alliance CEO.
“Our agents are reporting an increase in supply of 11.5%, with average prices for closed sales rising by 6.2% on the spring selling period last year – the bulk of which has happened since mid-January.
“Each property is now attracting 13 viewers on average, up from seven in 2013, and this has enabled some agents to organise block viewings – something we haven’t seen since the height of the boom.
“Our survey shows that the average time it takes for sale agreed has dropped from 17 weeks in 2013 to an average of ten in 2014.
“We are seeing an increase in bank-funded buyers on the ground which has led the previously strong cash buyers figure to drop from 70% to 56% of the market. 
“In larger urban areas nationwide there is a release of pent-up demand as people begin to make moves to secure property in desirable areas.
“We are also seeing a marked increase in market sentiment, which hit rock bottom last year.
 “Viewing numbers are up, AMVs are being achieved, and exceeded in some cases, with an increase in both first and second-time buyers.”
“While there is an increase in activity overall, there are still some counties which are slow to perform price-wise. 
“This is generally due to over supply in these areas and a lack of demand as potential buyers don’t have the same access to the same amenities that many urban areas provide.”
Real Estate Alliance (REA) is Ireland’s leading property group of Chartered Surveyors with almost 50 branches nationwide, comprising many of the country’s longest-established auctioneers and estate agents. 
REA O’Brien Collins in Drogheda has reported that a property with an asking price of €80,000 had 41 viewers, attracted 10 bids and sold for €100k after 30 days on the market.
REA Celtic Properties in Bantry have reported sufficient interest to organise block bookings for the first time in five years.
“Take the case of two identical holiday homes in Milford, Co Donegal. One attracted two viewings and one offer last spring and sold for €100,000. This year, a neighbouring property received 10 viewings, and four offers before selling for €111,500” said Philip Farrell.
“In Meath, REA T&J Gavigan are reporting that the average price for a 
three-bed semi-detached in Kells last spring was 100k. That has now risen to €110,000 with strong demand.
“In Limerick, REA O’Connor Murphy are seeing a substantial increase in demand in the prime locations such as the North Circular Road and Ballyclough. This high-end increase is also being reported around the country, in areas such as Drumconora and Barefield in Ennis and Dungarvan.
“In Cork, REA O’Donoghue and Clarke are reporting a 15% price increase, with supply up 20% on last year. Demand is high for three-bed semis and also small sites around Cork city and we are seeing five weeks on average to sale agreed.
“In the coastal areas in particular, we are seeing a large increase in enquiries from the UK – due both to our recent London Property Exhibition and also our tie-up with rightmove.co.uk.
“However, our survey also sees a lot of members predicting a shortfall of supply in their areas due to lack of three and four-bedroomed new developments coming through.”

NORTH MUNSTER REGIONAL AUCTION 3rd APRIL IN LIMERICK

Real Estate Alliance are holding our first North Munster Regional Auction of 2014 in the Limerick Strand Hotel on Thursday the 3rd April at 12.00. For further information contact REA O'Connor Murphy on 061 279300 or info@reaoconnormurphy.ie

http://www.realestatealliance.ie/national-property-auction/

REA TE POTTERTON AUCTION RESULTS

Auction Results from 25th February

5.5 acres with derelict res and yard at Ballybrittas, Kildalkey SOLD €55,00055 acre res dairy farm Archerstown Delvin SOLD €505,000

Cash buyers out in force at REA Property Exhibition

The UK-based buying boom in Ireland is gathering apace, according to figures from Real Estate Alliance’s successful Irish Property Exhibition in London last weekend.
REA members were delighted with the business done at the exhibition at the Hilton London Olympia which attracted hundreds of potential buyers – 92% of whom were potential cash purchasers.
“Our agents were really pleased to meet with so many quality cash buyers and they expect those conversations to very quickly convert into sales,” said REA Chief Executive Philip Farrell. 
“Many of those UK buyers have already made plans to travel to Ireland to view their potential properties. 
“A comprehensive survey taken of attendees showed that the vast majority of them were committed to buying in Ireland, with 46% aiming to spend between €100,000 and €200,000.
“Some 42% of the potential buyers were looking for properties in the €200-300,000 bracket with 9% seeking to spend over €400,000 on a desirable Irish residence.
“The investment sector proved stronger than we would have anticipated, with 40% of those attending seeking to purchase a buy-to-let property in Ireland.
“A further 38% were aiming to buy a retirement home or planning to move here permanently, with 12% of attendees searching for a holiday home and another 10% keen to buy a family house.”
The majority of attendees were interested in buying a bungalow or house with just 20% aiming to purchase an apartment.
“UK buyers are to the fore of a nationwide resurgence in property sales,” said Philip Farrell.
"The average property price in Ireland is now €157,000 compared to €211,000 in the UK, so there is real value in the market, which is driving demand.
“A recent survey of Real Estate Alliance members nationwide showed that 20% of agents' overall enquiries now come from across the water – equating to an average 13% of their overall sales.
“This is why Real Estate Alliance has become the first Irish property group to form a strategic alliance with the UK’s leading property website www.rightmove.co.uk.
“This agreement will see all properties for sale from each Real Estate Alliance office displayed on the overseas properties portal on the industry-leading site, and its sister website www.rightmoveoverseas.co.uk.”
(REA) is Ireland’s leading property group of Chartered Surveyors with almost 50 branches nationwide, comprising many of the country’s longest-established auctioneers and estate agents.
Their partners at the event included Rightmove.co.uk, Smart Currency, Careline Removals and Patrick J Farrell & Company Solicitor

Irish Property Exhibition in Hilton London Olympia in Kensington on Saturday February 22 from 10.30am to 2pm.

UK property buyers are flocking to secure their dream homes in Ireland, buoyed by a strong pound and an undervalued market that is now starting to appreciate again. Real Estate Alliance is bringing thousands of properties to their London Property Exhibition, giving UK buyers the chance to browse in comfort and talk to the experts on the ground.

The exhibition takes place in the Hilton London Olympia in Kensington on Saturday February 22 from 10.30am to 2pm.

The exhibition will be a comprehensive one-stop shop for potential property purchasers with legal and financial experts joining a network of Real Estate Alliance agents from throughout Ireland, all with unique properties to show.

“The average property price in Ireland is now £129,000 compared to £175,000 in the UK, so there is real value in the market, which is driving demand,” said Philip Farrell, Real Estate Alliance CEO.

“An example of the value gap can be seen in a four-bedroom detached home for sale in Callington, Cornwall for £420,000 compared to a similar property and location in Waterford which is on the market for £161,000 – less than half the price.”

Real Estate Alliance (REA) is Ireland’s leading property group of Chartered Surveyors with almost 50 branches nationwide, comprising many of the country’s longest-established auctioneers and estate agents.

“We have also linked up with the UK’s largest overseas property website, www.rightmoveoverseas.com, to further showcase our portfolio of properties.”

The event will be held in partnership with Smart Currency Exchange, leading international money transfer specialists and experts in international property purchase.

Further details on the REA London Property Exhibition, and a list of local agents, can be found on www.realestatealliance.ieor send an email to register for the event at info@realestatealliance.ie

Real Estate Alliance link with UK's largest property site

Real Estate Alliance has become the first Irish property group to form a strategic alliance with the UK’s leading property websitewww.rightmove.co.uk.
This agreement will see all properties for sale from each Real Estate Alliance office displayed on the industry-leading site, and its sister website www.rightmoveoverseas.co.uk.
Irish property sales to UK-based purchasers boomed in 2013, with a Real Estate Alliance (REA) survey reporting a 39% increase in business over 2012.
Irish property vendors are being given the chance to cash in on this mini-boom by registering for the Alliance’s upcoming London Property Exhibition with their local REA agent.
The exhibition takes place in the Hilton London Olympia on Saturday February 22 – the day Ireland face England at Twickenham in the Six Nations rugby championship.
Rightmove Overseas Account Manager Tom Whale said that they were delighted to start working with one of the largest estate agency names in Ireland. 
“Interest for property in Ireland on Rightmove Overseas has increased dramatically over the past 12 months with over 25,000 users now looking for Irish properties every month. 
“The large number of listings from Real Estate Alliance will help to provide our users with an exceptional level of choice whether it be for a second home, relocation or pure investment.”
Philip Farrell, Real Estate Alliance CEO said that the agreement will see Real Estate Alliance members offer property vendors even more options and a direct pathway into the growing UK-based purchasers market. 

All REA properties are now on Rightmove.co.uk

Real Estate Alliance have announced that all properties listed with them will be now on the largest UK property portal www.rightmove.co.uk. RightmoveOverseas Account Manager, Tom Whale, said ‘We are delighted to start working with one of the largest estate agency names in the Irish Republic. Interest for property in Ireland on Rightmove Overseas has increased dramatically over the past 12 months with over 25,000 users now looking for Irish property every month. The large number of listings from Real Estate Alliance will help to provide our users with an exceptional level of choice whether it be for a second home, relocation or pure investment
http://www.rightmove.co.uk/overseas-property/in-Ireland.html

Register your property with a local REA agent to bring it to the UK Market

UK buyers are one of the new success stories in the Irish property market and

local property vendors are being given the chance to cash in on a mini-boom by registering for REA’s upcoming London Property Exhibition. Local property agency firms REA Sothern and REA Dawson will be showcasing properties at the Hilton London Olympia on Saturday February 22 – the day Ireland face England at Twickenham in the Six Nations rugby championship.

Contact your local agent by emailing info@realestatealliance.ie

REA agents claim houses near pylons will lose value

 REA Agents based along EirGrid's controversial national pylon routes have condemned the project, claiming it devalues properties and delays sales along the potential corridors.The auctioneers warned property along the potential corridors has become increasingly hard to sell.

"It is our opinion that close proximity to pylon-borne power lines reduces the values of all properties enormously for perceived health reasons," the group wrote in its submission to Eirgrid's public consultation process.

"Whether those reasons are valid or not is not relevant. The fact is that buyers stay away from power lines. Severe discounting compared to similar properties is needed to sell."

The final route is expected to run between Knockraha, Co Cork; Great Island, Co Waterford; and Dunstown, Co Kildare and REA said it was advising clients and communities "that this project will damage property values enormously".

"In valuing a property, all banks ask on their pro-forma valuation reports about existing or prospective developments that may injure the value of the property," the auctioneers said.

ROUTES

"We feel we must disclose a development such as Gridlink as a negative factor on these valuation reports," they stated.

REA said it was aware of a number of properties along proposed routes which have been devalued, or for which the sales process has been brought to a standstill, as a result of Eirgrid's Gridlink plans and public consultation process.

http://www.independent.ie/irish-news/auctioneers-claim-houses-near-pylons-will-lose-value-29954867.html

Irish property sales to UK-based purchasers boomed in 2013 with one national estate agency survey reporting a 39% increase in business over 2012.

Irish property sales to UK-based purchasers boomed in 2013 with one
national estate agency survey reporting a 39% increase in business over
2012. A survey of Real Estate Alliance members nationwide reported that 20% of
their overall enquiries now come from across the water – equating to an
average 13% of their overall sales.
Now Irish property vendors are being given the chance to cash in on this
mini-boom by registering for the Alliance’s upcoming London Property
Exhibition.
The exhibition takes place in the Hilton London Olympia on Saturday
February 22 – the day Ireland face England at Twickenham in the Six
Nations rugby championship.
“UK buyers are to the fore of a nationwide resurgence in property sales,
and this exhibition is a golden opportunity to advertise homes that are on
the market,” said Philip Farrell, Real Estate Alliance CEO.
"The average property price in Ireland is now €157,000 compared to
€211,000 in the UK, so there is real value in the market, which is driving
demand."
Real Estate Alliance (REA) is Ireland’s leading property group of
Chartered Surveyors with almost 50 branches nationwide, comprising many of
the country’s longest-established auctioneers and estate agents.
“A survey of our agents has found that 87% of UK clients are cash buyers,
with 75% of enquiries to offices leading to completion of sales,” said Mr
Farrell.
“These are figures unmatched in any other sector of the Irish property
market today, and I urge those who wish to sell their homes to get in
touch with their local REA agent so their properties can be showcased at
this exhibition.
“The survey has found that 84% of the UK buyers are aged 50 and over with
the majority living in London and the south east.
“We have found a large number of our enquiries come from Irish emigrants
wishing to return, with over half of them buying homes for their
retirement.
“However, we are also seeing a strong pick-up in English people looking
for an affordable escape to the country.
“While there is a strong mix across the price ranges, we are seeing the
largest interest reported in detached properties, generally in rural
settings.
“A further 16% are coming to live and work in Ireland and, interestingly,
of those who are not retired, 29% are buying in Ireland to work from home
and continue their jobs in the UK.
“While holiday homes and change of lifestyle decisions make up a combined
23%, 9% of the properties our agents sold in this market in 2013 were for
investment purposes.
“The quality of the UK buyer has been consistent across the survey, with a
high number being reported as genuine buyers.
“While the average year-on-year increase in trade from the UK came in at
39%, some of our agents have reported rises well in excess of 50%, which
gives us great hope both for this exhibition and 2014 as a whole.”
Further details on the REA London Property Exhibition, and a list of local
agents, can be found on www.realestatealliance.ie

Available for interview:
Philip Farrell, CEO Real Estate Alliance
086 250 3515 / philip@realestatealliance.ie

For further information on exhibition contact:
Eimer O’Keefe, Real Estate Alliance
086 8249040 / eimer@realestatealliance.ie

Media information:
Darren Hughes, MediaConsult 086 2937037  darren@mediaconsult.ie

REA agents claim houses near pylons will lose value

REA Agents based along EirGrid's controversial national pylon routes have condemned the project, claiming it devalues properties and delays sales along the potential corridors.The auctioneers warned property along the potential corridors has become increasingly hard to sell.

"It is our opinion that close proximity to pylon-borne power lines reduces the values of all properties enormously for perceived health reasons,” the group wrote in its submission to Eirgrid's public consultation process.

"Whether those reasons are valid or not is not relevant. The fact is that buyers stay away from power lines. Severe discounting compared to similar properties is needed to sell."

The final route is expected to run between Knockraha, Co Cork; Great Island, Co Waterford; and Dunstown, Co Kildare and REA said it was advising clients and communities "that this project will damage property values enormously".

"In valuing a property, all banks ask on their pro-forma valuation reports about existing or prospective developments that may injure the value of the property," the auctioneers said.

ROUTES

"We feel we must disclose a development such as Gridlink as a negative factor on these valuation reports," they stated.

REA said it was aware of a number of properties along proposed routes which have been devalued, or for which the sales process has been brought to a standstill, as a result of Eirgrid's Gridlink plans and public consultation process.

"We are already aware of a proposed sale to a UK resident of a house on Route D6 where the buyer has refused to sign the contract until they know whether or not the property is on the selected route," the group added

OLD Garda Station in Kells reaches sale price of €190,000

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 19^th century natural stone listed building that has been extended and refurbished
http://www.realestatealliance.ie/sys/property-details/?pid=100005667&oid=27&isrental=0&token=1a29b8211f7f6b9f4cc14215261c99f8

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

http://www.realestatealliance.ie/national-property-auction/

The first auction took place in Killarney’s International Hotel on TUESDAY the 4^th 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 5^th 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 19^th 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 www.realestatealliance.ie or by calling 01 6699996