€2m earned at auction as 15 lots sell

Just under €2m in property deals transacted at last week’s DNG Munster Property Auction, with 15 of the 16 lots offered selling under the hammer.

Three lots were postponed in advance of the day, and just one, a Caherconlish, Co Limerick bungalow failed to find a buyer.

Top seller was a commercial site off the Cork-Limerick road, by Blarney. It was previously Phelan’s restaurant and, after that, a garden centre and Steeltech Sheds retail outlet. With road profile, and on 1.15 acres, it sold under the hammer for €350,000, below its €395,00 AMV, to a buyer understood to be from Galway. It “is undoubtedly great value for its new purchaser,” said DNG’s Shane Finn.