Friday, 24 October 2014

Another successful Roscommon public auction

Property Partners Earley and Oates Auctioneers, Roscommon, conducted another successful public auction on Thursday last of a prime potfolio of properties located in the general Roscommon area of which three sold under the hammer.

  The auction was held on Thursday evening last in ‘The Central Bar’, Roscommon town and a full house of over 150 people was reported by John Earley who conducted the auction. 

  Among the lots sold was a waterside holding of lands containing c. 40.75 acres located at Cortober Bay, Carrick-on-Shannon, Co. Roscommon which sold under the hammer in one lot for €400,000. The property was sold to a local solicitor in trust. 

  This particular lot attracted significant pre auction interest. The lands are primely located adjacent to Carrick-on-Shannon town and fronts the river shannon. It was described by John Earley, who conducted the auction, as a quality property beside the river shannon with obvious future potential due location. Solicitors with carriage of sale were MacSweeney and Co. Solicitors, Galway.

  The Cornerstone property located at the Square in Strokestown was knocked down to a local bidder for a figure of €80,000 having opened on the floor at €50,000. This property occupies a strategic town centre location offering substantial floor area and self advertising location. Solicitors with carriage of sale were Gartlan Furey Solicitors, Dublin.

  The final property that sold under the hammer was a residential/commercial property located at Church street, Strokestown opened on the floor at €45,000 and after 8 individual bids sold for a figure of €57,000. The property was purchased by an investor and solicitors with carriage of sale were Gartlan Furey Solicitors, Dublin.

  John commented: “Since the auction we are still actively negogating the properties that have been withdrawn with a sale for the Commercial property at Ballinagare Village having been agreed. We have received a number of bids for all of the properties and are inviting further viewings and interest in same.

The venue was almost full to capacity with one of the largest attended auctions for some time in the region and bidding was reported to be strong. 

  The agents added: “The results achieved at this auction highlight what has been happening for a number of months in the local market. The public have identified with the value in the market and sales have increased dramatically as a result. The level of interest expressed in the properties was significant and the prices achieved were directly in line with the market averages at the current time and are encouraging going forward”.

Issue dated: 08 June 2012
© Roscommon People