Last Thursday, June 9, saw leading local auctioneers DNG Maxwell Heaslip & Leonard, live up to their reputation as one of the leading auction houses in the country with their hugely successful June auctions. With 18 lots going under the hammer on the day, following two late withdrawals, the company upheld their reputed success rate, with a 94 per cent sale result on the day.
According to James Heaslip, director of auctions at DNG Maxwell Heaslip & Leonard, the day was a great success with lots of happy vendors and buyers. “We anticipated a busy day and although you can never be 100 per cent sure how a property will be received until you go to the auction floor, we knew we had a lot of interested buyers.” He went on to add, “Our open viewing campaign, which we run in advance of every auction, gives us a good idea of the interest in properties, we get to talk to people in a relaxed, informal way and it suits us and the buyers too. We had good levels of interest in nearly of the properties and the appetite for buying is still very strong in the city and county.”
The day got off to a good start with the first lot of the day, 2B Glenfarne in Oranmore a two-bed apartment in Oranmore, guiding €95,000 and taking just 13 bids to see the property go from the opening bid of €90,000 to the sale price of €137,000. Staying in Oranmore, Lot no. 2, 50A Rivergrove was a sought after property with 23 bids seeing the price rise from €110,000 to the sale price of €168,000. Lots 3, 4 and 5 continued in a similar fashion seeing all properties, 73 Bruach na Sionna, Shannon, Apt 11 29 Upper Newcastle and 122 An Creagan, all exceed their reserves and sell on the auction floor.
Auctioneer James Heaslip deftly navigated his way through the lots, with some lots taking but two bids to reach their reserve and sell on the floor, and others such as 56 Lower Salthill in keeping with the average 11-13 bids of the day. However, it was Lot no 18, 1.56 Acres at Rusheen, Knocknacarra, that saw the largest amount of activity on the day in terms of bidding with 36 bids seeing the price rise from an opening bid of €20,000 to the final sale price of €86,000. According to Alan Maxwell MRICS, MCSI, who had been handling the sale in the run up to the auction, “There was always going to be huge interest in this plot of land although it is zoned recreational and amenity, due to its location overlooking the bay and the stunning views it offers.” Bidding was intense for this lot with auctioneer James Heaslip forced to navigate the room expertly in order to accept the bids coming at him largely in €1,000 and €2,000 increments. Finally, after an intense five minutes of bidding the hammer fell at €86,000. The last lot of the day consisted of a development site and lands at Gentian Hill, Knocknacarra, a prime location in Knocknacarra, again, overlooking the bay. The only bidder on this property secured the purchase with a bid equal to the guide price of €550,000.
Commenting on the day James Heaslip said, “We are delighted with the success on the day. Our auctions are the result of a massive team effort. Everyone in the office has an input into the success of the day. We have a well rehearsed strategy that serves us well. We put a lot of time and effort into planning every auction right from the launch through open viewings and to auction week and the day itself. It’s this level of commitment that is producing results for us. We’re all passionate about auctions and we love the buzz of the day. We’re already looking forward to our July 21 auction.”
For a complete list of results for the June auction, visit dnggalway.ie/auctions
DNG Maxwell Heaslip & Leonard will hold their July auctions on July 21 2016 in the Radisson Blu Hotel, Lough Atalia at 3pm.