Friday 30 September 2016

Malahide site sold for €907k online in 30 mins

Published 07/07/2016 | 02:30

A quarter-acre town centre development site in the seaside town of Malahide, north Co. Dublin, has been sold by QRE for €907,000, with both the auction and the closure of the private treaty campaign taking just 30 minutes to conduct using the firm's online bidding facility.

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Four potential buyers participated in the online auction, which was held last Friday. Bidding on the site, which was zoned 'town centre', opened at €800,000 and escalated quickly to produce a winning bid of €907,000 from a private investor. Contracts were signed and exchanged on the same day, and the sale is scheduled to close by the end of this week.

It is believed that a mixed use development is being considered for the site.

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