LANDS AT NEWCASTLE & RATHCOOLE - SOLD

Jordan Auctioneers, Newbridge successfully sold two parcels of land at Auction on Friday last. The first lot offered was 2.7 acres (1.09 hectares) at Newcastle, Co.Dublin. This lot had frontage onto a local road and is close to the Kingswood and Citywest Interchange. Bidding opened at €15,000 with three active parties. It was placed on the market at €25,000 and received several more offers before being sold for €46,000. The second lot offered for sale was 28 acres (11.33 hectares) at Osberstown, Naas, Co.Kildare. This land had substantial road frontage and is all currently in grass adjoining Osberstown Business Park. There was a previous planning permission for a 374,000 sq.ft office and industrial scheme and there according to Clive Kavanagh of the selling agents had some ‘long term potential’. This land opened with an initial bid of €200,000 with two active bidders. It was placed on the market at €340,000 with bidding continuing before being sold at €430,000 which equates to just over €15,000 per acre. It is understood to have been bought by a Solicitor in trust.