Strong interest from UK and US at recent Connacht Property Auction

The Connacht Property Auction held its second public auction of 2015 on Thursday last in Galway city.

In total, there were 25 properties offered for sale and the auction team noted increasing demand from both local buyers and those from further afield, including the UK and US.

With the strong sterling and US dollar rates at present, the international advertising of the auction is proving extremely beneficial with buyers from abroad.

With an 88 per cent clearance rate at the February auction, strong figures were again expected and the auction did not disappoint.

Of the 25 properties, there were 23 successfully sold.

The auction team are now taking entries for their next auction, taking place on June 25, and will be launching a large marketing campaign in the lead-up to the auction.

The Connacht Property Auction is the only auction company in Ireland that does not charge upfront costs or marketing charges to enter a property into their auctions.

Fifty bids on land at Ballinlough

Sales of note included 23.5 acres of land in Ballinlough, Co Roscommon, which received significant interest on the night. The land was sold in partnership with John Higgins auctioneers, Ballyhaunis, with strong pre-auction interest.

Intense bidding was received at the auction with over 50 bids received before the hammer finally fell at €193,000.

Claremorris cottage fetches €27,000

Another sale on the night was a small unfinished cottage in Kilknock, Claremorris, sold in partnership with Gerard Hanley auctioneers, Claremorris. The two bedroom property was offered at starting bids of €19,000 and offered excellent potential.

There were a number of bids received on the property and the successful bidder secured the property at €27,000.

Other sales of note

A successful result was also achieved on a property in St Annes Villa’s, Ballinrobe, sold in partnership with Emma Gill auctioneers, Ballinrobe. The vendor accepted a bid made prior to the auction via on the online auction.

Other sales of note by the auction group included Woodfield, Kilkelly, sold at €45,000 in partnership with Matt Duggan Auctioneers, Swinford.

A large property in Killawalla, Westport, was successfully sold in partnership with O’Malley Properties, Westport, for an end figure of €161,000.

A property at 31 Cluain Ard, Ballybrit, Galway, had several bidders and successfully sold for €165,000, sold in partnership with Keane Mahoney Smith Auctioneers.

Next auction

The Connacht Property Auction is now welcoming entries for its 45-day online auctions and upcoming public auctions.

With thousands of registered buyers and the impressive success rate, Connacht Property Auction is confident of further successful auctions during 2015.

To discuss selling you property by auction or to arrange a free valuation, call the auction team on (091 ) 882 121 or visit their website www.connachtpropertyauction.ie

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