Property worth €780k in Limerick sold at auction

Anne Sheridan

Reporter:

Anne Sheridan

IT RAISED over €12m, but sales of Limerick properties in the latest distressed property auction attracted less than €800,000.

IT RAISED over €12m, but sales of Limerick properties in the latest distressed property auction attracted less than €800,000.

The fifth such auction held in Dublin’s Shelbourne Hotel realised €12.4 million, with 94 per cent of the properties sold.

Five Limerick lots were up for sale, including apartments in the city centre and Castletroy, as well as a quarry in Kilfinane.

A bed-bed apartment in Cois Ghruada, Castletroy went for its reserve of €65,000.

An apartment in Richmond Court, Mount Kennett Place, went for €43,000, €18,000 above its reserve.

Another apartment in the same location fetched €35,000, €11,000 above reserve.

In the county, a quarry in Kilfinane went for its reserve of €525,000, while an adjoining site went for €112,000, €28,000 above its reserve.

It was the first Allsop Space auction of the year, with the next Irish auction scheduled for May 2.

For a full report, read Monday’s Limerick Leader, print edition