Tuesday, 1 September 2015

POST AUCTION EDITORIAL – BUNGALOW NAAS ROAD & TOWN CENTRE DEVELOPMENT SITE


Jordan Auctioneers, Newbridge are delighted to have successfully sold two properties in Kilcullen by Public Auction on Wednesday last.

The first lot offered for sale was an excellent town centre development opportunity with 2 existing Period houses on the banks of the River Liffey. On a site area of circa 3.4 acres the property is Zoned ‘Town Centre’ & ‘Amenity’ with full Planning in place for 41 x 2 & 3 bedroom apartments in addition to a commercial element. Bidding for this lot was brisk with an opening offer of €200,000 and three bidders up to €280,000 at which point the property was placed on the market. There were three final purchasers involved right up to end price of €430,000 when the lot was successfully sold to a Solicitor acting in trust for a client.

The second lot offered for sale was a detached bungalow just off the Naas road on an elevated site of circa 0.67 hectares (1.66 acres). Bidding opened again at €200,000 with three potential purchasers. The property was placed on the market at €260,000 with two final bidders fighting it out until the hammer fell at €305,000 again to a local Solicitor acting in trust.


Speaking after the sale Auctioneer Clive Kavanagh commented ‘that both properties had achieved above the guide price and there had been steady interested throughout the sales campaign. He wished both purchasers the best of luck with each lot’.


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