The Kerryman (South Kerry Edition)
Weather conditions do nothing to hamper Munster Property Auction results
THE Munster Property Auction were forced to cancel a public auction for the first time in 5 years due to “The Beast from the East” and “Strom Emma” on March 1st. However while the county watched the snow fall the auction team continued to work behind the scenes, and set the date for their first multi lot online auction which recorded an 86% success rate on the lots offered.
On March 6th at 11am the first lot of the day opened for bidding. 8 Chapel Court located in Limerick City was sold in partnership with Dooley Group and proved to be a very popular lot with a number of parties registering online to bid. This spacious 2 bed apartment saw bids opening at €90,000 and after competitive bidding finished at €125,000. Also sold with the Dooley Group on March 6th was a fine retail unit in Limerick City. Located on Golf Link Road, Castletroy this fine investment property was sold for €60,000.
There was also a success story in Kerry, in partnership with Property Partners Daly O Se. 91 Banna Leisure Village, Ardfert had strong interest from both national and international buyers, due to its seaside location. The property was sold for €50,000 to a delighted, Dublin based buyer.
Later in the day bidding was opened on a charming 2 bed, penthouse apartment in Cork City. This property would make the ideal investment or indeed starter home. 21 Reeves Hall on Rutland Street was offered to the market in partnership with Property Partners Matt Fallon. This apartment had significant interest in the lead up to the auction and sold for €155,000.
The final lot offered of the day was also in Cork. 13 Castlepoint Village, Crosshaven was for sale in partnership with Coldwell Banker, Carlton Estates. The property is a 3 bed semi detached house with excellent potential and after 35 bids sold for €217,000, €52,000 over the starting bids price.
Patrick Convey, Director of The Munster Property Auction noted “we never had to cancel a public auction event before, however thankfully we also have a market leading online auction platform and are in the position to run multi lot online auctions, so our buyers were still able to bid on their desired properties.” Mr. Convey went onto say that “the success of our auctions is down to the extensive marketing campaign we undertake in Ireland and abroad in the lead up to the auction. We also work in close partnership with a network of 50 local partner estate agents throughout the province. This combination of both access to the local buying pool and the broader reach of the auction ensures that, regardless of the weather outside, we have the best chance of finding buyers for all properties we offer for sale.”
The Munster Property Auction are now welcoming entries for their 45 day online auctions and their next public auction taking place on the May 3rd. With thousands of registered buyers and the impressive success rate, it seems the Munster Auction will remain a popular method of selling and buying a wide range of properties. The company do not charge any upfront costs into the auction and take on board all marketing and entry fees themselves.
To discuss selling your property by auction or to arrange a free valuation, call the auction team on 021 234 9696 or visit their website www.munsterpropertyauction.ie