Bar­gain homes un­der the ham­mer

A house priced at £20k is one of the great of­fers at an up­com­ing prop­erty auc­tion in belfast

Belfast Telegraph - Business Telegraph - - Front Page - BY EMMA DEIGHAN

A HOUSE priced at £20,000, half an acre of land start­ing from £12,000 and an £85,000 end ter­race in the sought-af­ter Stran­mil­lis area are all up for grabs at an up­com­ing prop­erty auc­tion.

The Os­borne King auc­tion, which will take place at 11am on Oc­to­ber 20 at the Clay­ton Ho­tel, Ormeau Av­enue, will see shops, of­fices and res­i­den­tial prop­er­ties auc­tioned off.

Mark Car­ron, di­rec­tor at Os­borne King said he ex­pects the com­bined value of all 63 lots at the auc­tion to be around £5.5m. He said: “We are cur­rently ex­pe­ri­enc­ing a high vol­ume of in­ter­est and of­fers on lots in the cat­a­logue and ex­pect the sale to go very well. Our June auc­tion was very suc­cess­ful, rais­ing over £11.6m and our big- gest auc­tion sale since 2007. We in­tend to hold an ad­di­tional 2017 auc­tion on De­cem­ber 1 and are cur­rently col­lat­ing prop­er­ties for this cat­a­logue. This cat­a­logue will be re­leased in early No­vem­ber.”

The low­est priced lot in the Oc­to­ber auc­tion is over half an acre of land in Clough, Bal­ly­mena. Ac­cessed via a laneway off the Glen­leslie Road and priced at £12,000, the land was once ap­proved plan­ning per­mis­sion for a house and garage. Po­ten­tial buy­ers are en­cour­aged to pur­sue fur­ther plan­ning op­por­tu­ni­ties.

Shops in the cat­a­logue in­clude a for­mer Gino Ca­su­als store. The prop­erty at 8-10 Bryan Street, Bal­ly­mena has a start­ing price of £60,000. At Pilot’s View, just off Heron Road, and three miles from Ge­orge Best Belfast City Air­port, a semi-de­tached two-storey of­fice build­ing with on-site park­ing is also go­ing for auc­tion with a start­ing price of £56,000. The of­fices are 4,000 sq ft in size and are said to be lo­cated in one of North­ern Ire­land’s pre­mier of­fice and in­dus­trial lo­ca­tions.

And in Lon­don­derry a ter­race of 15 one-bed apart­ments are for sale, priced from £375,000. These prop­er­ties can gen­er­ate £56,000 in rental fees a year, ac­cord­ing to the prop­erty agency.

Mean­while, in New­town­abbey a three-bed­room semi-de­tached house with a start­ing price of £20,000 and a po­ten­tial yearly rental in­come of £5,400 is for sale. And in Stran­mil­lis, a two-bed­room end ter­race prop­erty will go up for auc­tion start­ing at £85,000.

Lam­bert Smith Hamp­ton will also be host­ing a prop­erty auc­tion this Fri­day at the Europa Ho­tel.

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