Thursday, August 05, 2021

Kileenmore, Killeigh, Tullamore, Co. Offaly,

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Matt Dunne Auctioneer used the platform LSL Auctions for selling for the first time last week with great results on both occasions.

Firstly, a 7-acre field with small farm yard at Kileenmore, Killeigh, Tullamore, Co. Offaly, about 3 miles from Town. Whilst the land wasn’t “top grade” says Matt Dunne it was in the right location and 10 people registered to Bid!

On the day, 4 active bidders arrived at our Auction rooms and the remainder were online. Bidding opened up at €70,000 with increments of €2,500. The bidding moved at a ferocious pace between the room and online, with one of the active parties sipping a coffee in a café on the Champs Élysées. Another interested party, working hard in Sydney Australia and wants to invest some money in Ireland in anticipation of coming home. The eventual Buyer is a native of Portarlington and is based in Dubai. The reserve was €85,000 on the day and the owner was thrilled with the eventual selling price of €110,000 which was 25% over the initial reserve.

 

 

Friday July 30th saw another busy event where Matt Dunne, With the help of the LSL Auctions property platform, held another hybrid auction on the lands in Hammer Lane, Mountmellick, the Vendor was Mr. Aidan Keogh. A fragmented holding i.e. residence with 40 acres which was put up for sale in 10 lots

Matt Dunne conducting proceedings at the Auction on the Farm

Lot 1 – Bungalow on 1 acre – Sale Agreed prior to Auction
Lot 2 – 4 acres SOLD €37,000
Lot 3 – 17 acres of Commonage plus Farmyard – withdrawn, now quoting €100,000 current bid €85,000
Lot 4 – 3 ½ acres SOLD €35,000
Lot 5 – 1.05 acres – withdrawn at €15,000, under active negotiation
Lot 6 – 2.25 acres SOLD €19,000
Lot 7,8 & 9 – All SOLD to one buyer after the Auction.
Lot 10 – A traditional turf bank – SOLD €8,000

 

The owner of the property was delighted with the outcome and he couldn’t believe the interest generated by the marketing campaign.

Matt Dunne believes this Hybrid approach is what suits people best, if they are tech-savvy and it suits them, they will bid online but the older generation prefer the more traditional method of attending the auction in person.

If you have any land you want to sell, please make sure and contact the property experts Matt Dunne & Associates RICS SCSI who have been selling land since 1969 – Click Here

 

 

 

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