Auction sales get year off to good start
The property ended up being offered in two lots at the auction on January 28 in the Blarney Castle Hotel: Lot 1 comprising the 28.5 acres of land; and Lot 2 being composed of a dwelling house and outbuildings in need of refurbishment on half an acre.
There were four bidders on Lot 1, who put in 12 bids in a brisk burst of offers that took the price to a final figure of €400,000. Representing just over €14,000/acre, this was a strong price that exceeded the expected figure of €350,000, according to Sheila O’Flynn of Sherry Fitzgerald Auctioneers in Cork.
For the second lot, the expectation was in the region of €20,000 but this property proved to be more desirable still, with two bidders competing for ownership, making 12 bids until the hammer came down at €45,000.
In all, expectations were exceeded to the tune of approximately €75,000. A good start to the year is half the work.
