Seven Limerick properties sell at auction

Anne Sheridan

Reporter:

Anne Sheridan

Brookfield Hall in Castletroy, which includes 40 apartments, is still for sale for �1.7m
INVESTMENT properties worth a combined €4m in Castletroy and Annacotty remain for sale under Allsop, after their latest successful auction.

INVESTMENT properties worth a combined €4m in Castletroy and Annacotty remain for sale under Allsop, after their latest successful auction.

Allsop is guiding a price of €2.3m for the Newtown Centre, in Annacotty, a modern two-storey commercial development on a site of over two acres, which is for sale by private treaty. It was earlier advertised for sale for €2.7m late last year.

Current tenants include Bord Gais, Mace, Curves, Tuscany Bistro and Bambury Bookmakers.

All nine ground-floor retail units are occupied while all but three of the 10 first-floor office/retail units are also trading.

Block 8, Brookfield Student Village, in Castletroy, also remains for sale outside of their general auction lot, for €1.7m.

The portfolio of 40 apartments comprises 29 two-bedroom apartments, eight two-bedroom units and three four-bedroom homes.

Meanwhile, nine Limerick properties went under the hammer in Dublin at the Allsop auction last week, with one lot withdrawn prior to the auction and another lot selling for an undisclosed sum.

The remaining seven lots sold for a combined figure of €350,500. A first floor two-bed apartment at 13 Glen Dara, Kilteragh, Dooradoyle sold for €92,500. A vacant detached four bedroom house in Crega, Caherconlish, sold for its reserve of €50,000.

In Knocklong another vacant house sold above its reserve of €40,000 for €52,000. The detached three bedroom house is situated at Sliabh Radharc, East Knocklong. Sliabh Radharc, East Knocklong.

In Kildimo, a vacant, two-bed cottage in Ballycasey had a reserve of €75,000 and sold after auction for an undisclosed amount.

In Cappamore, a vacant house, which has been subjected to fire damage, at 11 St. Mary’s Terrace, sold for more than twice its reserve of €15,000, fetching €33,000.

Number 20/21 Grove Islan, Corbally, was withdrawn prior to the auction.

Apartment 8 in Aras na Feile, Mount Mahon, Abbeyfeale, sold for €30,000.

Two and a half acres of land at Main Street, Pallaskenry sold for €73,000, and just over two acres of land at Killeline, Newcastle West, sold for €20,000.

The two-day auction featuring commercial and residential properties on Wednesday and Thursday last, featured over 300 properties from across the country in all.

Allsop has sold 38 properties in Limerick in recent months.

In the residential auction, 180 properties were sold with a total sales value of over €24.3m. The most expensive to sell was a block of 10 apartments in Dublin’s Gardiner Street for €1.3m.