Donegal lots comfortably exceed reserves at auction

Donegal lots comfortably exceed reserves at auction
For the first time since Allsop Space started its auctions of ‘distressed properties’, all of the Donegal properties not only sold on the day but made prices that were substantially higher than their reserves.

For the first time since Allsop Space started its auctions of ‘distressed properties’, all of the Donegal properties not only sold on the day but made prices that were substantially higher than their reserves.

Four properties in the county- an industrial unit and three houses - went under the hammer at the RDS on Tuesday.

A 4,000 sq.ft. warehouse unit at Thorn Road, Magharennan, Letterkenny with a reserve of €50,000 made nearly twice that, selling for €90,000.

All three of the houses, which were listed with reserves of €60,000 fared equally well.

A three-bedroom semi-detached house that also has a two bedroom apartment with separate access at Beinn Aoibhinn, Gortlee, Letterkenny feched €117,000.

A 1,600 sq.ft. detached four-bedroom dormer bungalow at Tirloughan, Carrigart went for €82,500; and a 1,500sq.ft. four bedroom detached house at Lawnsdale, Ballybofey sold for €88,000

In all, the sale raised €29, with 149 lots sold.

Robert Hoban of Allsop Space said it was a “very positive” result for Donegal, making it “the most successful county” on the day. “We’re delighted to see that level of activity. With a high number of overseas bidders, it’s also great to see that all but one of the Donegal properties were sold to local people, while the Carrigart house was bought by someone in Monaghan.”

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