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Cork Independent

Home & Property

Strong results at latest auction

Wednesday, 4th March, 2020 4:40pm

The Munster Property Auction reported a successful first auction with all but one property falling under the hammer.

14 out 15 properties sold at the recent auction with plans taking shape for the next one in May.

Liscarroll

The first lot of the event was a mixed use building on the Main Street of Liscarroll, which is currently let to An Post. It was offered for sale in partnership with Ted Sheehan Auctioneers in Charleville and with strong local interest, it fell under the hammer at €80,000.

Tallow

A one-bedroom, semi-detached cottage on half an acre site was sold in partnership with property team Noel Mackey in Youghal. The Tallow, Co. Waterford property needs total renovation however offers breath-taking countryside views and was again subject to strong pre-auction interest and sold for €40,000.

Limerick city

A six-bedroom, mid terraced property was successfully sold in partnership with Rowan Fitzgerald in Limerick. The property, which is currently set out as a large residential house offer great potential to be converted into three one-bed apartments. Bidding was competitive, with a number of people bidding in the room, as well as pre-registered phone bidders with the winning bid finishing at €140,000.

Waterford

The final lot of the evening was a two-bed, first floor apartment, located overlooking the River Suir in Waterford city. The apartment in Newtown Park House was offered in partnership with RE/MAX in Waterford. Bids opened at €80,000 and after some brisk bidding, it sold for €109,000 in the room.

The Munster Property Auction are now welcoming entries for their upcoming online and public auctions taking place on 2 April and 7 May respectively.

Patrick Convey, Director of The Munster Property Auction said: “We work in close partnership with a network of 50 local partner estate agents from throughout the province. This combination of both access to the local buying pool and the broader reach of the auction ensures we have the best chance of finding buyers for all properties we offer for sale.”

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