A block of apartments in Carrick-on-Shannon recently sold for €222,500 when it came up for auction, realising an increase of over €27,000 in just five months.
The apartments, numbers 1, 4, 9, 12, 13, 16, and 21 at Hartley Hall, Carrick-on-Shannon had previously sold at auction in April this year for €195,000 but when sold again last Tuesday saw its value increase to over €222,500.
The sale includes seven one bedroom apartments within a building arranged over the ground and two upper floors.
It is understood that each property extends to approximately 36 sq m (387 sq ft).
Three of the apartments are currently vacant while four are occupied and bring in a yearly rent of between €2,600 and €3,000.
Total current gross rent is reserved at €10,840 per annum with vacant possession of three units.
Unfortunately, although requested, the auctioneers, Allsop Ireland, were unable to furnish the Leitrim Observer with details of the seller and buyer of the apartments due to data protection laws.