Business Commercial Property

Wednesday 17 January 2018

It's auction fever as 10 properties to go under hammer

Sluagh Hall, in Midleton, Co Cork is up for auction
Sluagh Hall, in Midleton, Co Cork is up for auction

Tara Fitzsimons

REAL Estate Alliance has launched a number of auctions to take place throughout Ireland in December. The group have been instructed by the Department of Defence to sell 10 properties by auction with an estimated value of €750,000.

The auctions will take place in Killarney, Limerick and Carrick-on-Shannon featuring a mix of property types.

The first auction will take place in Killarney's International Hotel on Wednesday December 4 at 3.30. This auction will feature the Old Garda Station in Killarney which is for sale with REA Coyne & Culloty of Killarney. This property is located in the centre of Killarney town on a c0.25 acre site with a large yard to the rear.

According to REA's Donal Culloty, "the property is ideally located in the centre of Killarney town and given the large site as well as the rear access there are many different uses that can be considered on redevelopment.

This property would make the perfect location for a suite of offices or alternatively a great location for a restaurant" AMV on this property is €175,000

The second Property to go under the hammer is "An Halla Slua", on Grey's Lane off Green Street in Dingle. This is a mainly single-storey building of 198sqm. It is in need of considerable refurbishment and renovation, and is guiding some €65,000.

The second auction will take place in Limerick's Strand Hotel on December 5 at 3pm. This auction will feature three properties: an industrial site at Ballyurra, Kilrush, Co Clare; Sluagh Hall, the Training hall for the Department of Defence in Midleton, Co Cork; and Thurles' Old Weslyan Hall.

The final auction will take place in Carrick-on-Shannon's Bush Hotel on Friday, December 6, also at 3pm. There will be five properties going, including including an old technical school, an Old Garda Station, and purpose built training premises.

According to REA CEO Philip Farrell: "The auction was initiated by the Department following the announcement some months ago of their intention to dispose of various types of properties which had become surplus to their requirements."

Irish Independent

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