Rooskey properties feature in first of REA Regional Auctions

Three properties in Rooskey are amongst 20 being put forward for sale at Real Estate Alliance’s first Regional Auctions this month. The properties include 7.8 acres of farmland in the Derrymastur with a reserve of €48,000; Glenville House guest houses (including two semi detached houses) with a reserve of €99,000 and a three-bedroom cottage on 18.75 acres at Crunkhill.

Three properties in Rooskey are amongst 20 being put forward for sale at Real Estate Alliance’s first Regional Auctions this month. The properties include 7.8 acres of farmland in the Derrymastur with a reserve of €48,000; Glenville House guest houses (including two semi detached houses) with a reserve of €99,000 and a three-bedroom cottage on 18.75 acres at Crunkhill.

The auction, the first of REA’s Regional Auctions, will take place in Dublin’s Davenport Hotel on Wednesday, 17th October and is expected to attract a broad mix of buyers including those looking for good commercial business opportunities and also those hoping to secure a residential bargain.

According to Philip Farrell, Sales Manager of Real Estate Alliance “There has been strong response since the auction’s announcement and judging by the level of interest from buyers to date, it is evident that purchasers have been more active since the turn of the year and we expect a large attendance on the day.”

Michael Boyd, Chairman, Real Estate Alliance, “This extensive auction will present buyers with an opportunity to secure a property at a price which may be significantly lower than purchasing by private treaty. Overall investors can expect at minimum a 60 to 80% decrease in price from the height of the market in early 2007 - there is something which investors will be keen to take advantage of.”

Those bidding will need to have their finance in place with a 10% deposit being payable on the day with accepted bids being legally binding on the day. To obtain the auction catalogue or a Special Buyers Guide for the auction on 17th October, view Lots log onto www.realestatealliance.ie or by calling 01 6699996.