Record Breaking Summer for IAM Sold

Posted on 1st August 2018 by Shauna Forde

We held the last of our summer auctions on Wednesday July 18th in The Clayton Hotel, Liffey Valley, Dublin. This was the final auction in a busy period for the company, as we held 6 auctions across Leinster, Munster and Connacht this summer – the largest volume of multi-lot auctions held by any company in Ireland during this period. As part of the last auction event, our auction team also held a specialised Holiday Home Auction. This annual event offered a number of coastal and holiday home properties from across all the country including Cork, Kildare, Mayo, Donegal and Cavan. As with previous years this auction attracted strong interest from both Ireland and abroad.

Going back to July 5th, where The Connacht Property Auction team sold a 2 bed semi-detached bungalow located in Ballybane, Galway City in partnership with RE/MAX Property Experts Galway. The property is an excellent opportunity for first time buyers, families or investors alike and received strong interested from local buyers in the lead up to the auction and sold for €100,000. Elsewhere, a 4 bed property in Connemara was brought to market in partnership with Matt O’Sullivan Estate Agent. The property in Beal an Daingean attracted strong interest from both the Irish and UK market in the lead up to the auction and was successfully sold for €245,000.

On July 12th, The Munster Property Auction sold an impressive range of family homes, agricultural lands, builder’s projects, and sites from around the province.  In partnership with Property Partners Matt Fallon, a large 2 bed apartment in Cork was successfully sold. The property at No. 7 The Orchards, Glanmire is the ideal starter home or investment property and had strong interest in the lead into the public auction before selling at €150,000. Elsewhere, in Limerick City, a ground floor commercial unit was offered for sale in partnership with Rooney Auctioneers. This well-located investment property, (formally Schooners Bar) was sold for €130,0000 at the event.

Last up on the podium was The Leinster Property Auction and again interest was strong. Offered in partnership with Kelly Bradshaw Dalton, a fantastic nine bed detached investment property in Drumcondra was offered to a packed auction room. The property at Willow House, which is ideally suited as a B&B had strong interest in the lead up to the auction and after some competitive bidding, the property sold for €970,000. In Westmeath, two X 1 bed apartments were sold in partnership with Property Partners McDonnell. No. 5 & 7 Westfield House are in good condition throughout and the auction team noted that there was high level of enquiry on both in the lead up to auction. After over 40 bids between them these well-located apartments, the hammer fell at €63,500 and €66,000 respectively. While in Meath, in partnership with The Property Shop, Dunboyne, the auction team offered for sale a substantial commercial property on C. 3.5 acres of land. The property at Fordstown, Enfield offered excellent potential and had a number of parties express interest before it was sold for €133,000 to a delighted bidder.

Finishing this exciting summer of auctions was the Holiday Home Auction, and first up was a cottage with views of the Bluestack Mountains just outside Donegal Town. Drimagra, Letterbarrow drew in a large crowd with several parties keen to secure this well-located property. Bids came in quick succession, from both in the room bidders and per registered phone bidders. After over a dozen bids, the property sold for €35,000, 50% above the advertised starting bids. While on Cape Clare Island, Cork a fantastic 3 bed residence was sold for €100,000 in partnership with Pat Maguire Auctioneers. Elsewhere in Mayo, a 3 bed cottage overlooking Achill Island was sold in partnership with Tim Quinn & Co. Auctioneers. The property at Meadoran, Geesala offered the ideal West of Ireland getaway and sold for €46,000. For the final lot of the event, it was back to Donegal, where in partnership with Charlie Robinson Auctioneers, the auction team offered of sale a detached  house with spectacular views. 7 Harbour Heights, Portsalon proved to be a popular lot, receiving strong enquiry levels before the hammer fell on €175,000.

The finial auction dates for 2018 are:

Connacht: September 13th & November 22nd
Munster: September 20th & November 29th
Leinster: September 26th & December 5th

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