REA Auction to feature 24 Lots with 80% of properties with reserves under €100,000

Real Estate Alliance has just announced that the third of their group Auctions will feature 24 lots. The majority of properties have disclosed reserves of under €50,000 and comprise a range of residential and commercial properties. The cheapest property on offer a 1 bed apartment in Co. Roscommon for €15,000.

The auction, the third of REA’s Auctions, will take place in the O’Callaghan Alexander Hotel, Fenian Street, Dublin 2 on the  5th March 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.

Residential properties for sale include a mix of houses & apartments from right across Ireland. There are also some strong opportunities for first time buyers, or those looking to renovate a property. Commercial properties include superb opportunities for businesses to acquire office space, or development land at very competitive prices across the country.

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.” Harry Sothern, 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.”

Auction Summary
Highest price: Former Convent in Dundalk, Co. Louth with a reserve not to exceed €250,000

Lowest Price: 1 bed apartment in Co. Roscommon with a reserve not to exceed €15,000

No of lots:  24 Properties
Real Estate Alliance’s  Regional Property Auctions will be held on Tuesday, 5th March 2013 at the O’Callaghan Alexander Hotel, Fenian Street, Dublin 2. 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 5th March, view Lots log onto www.realestatealliance.ie <http://www.realestatealliance.ie/>  or by calling 01 6699996
http://www.realestatealliance.ie/national-property-auction/