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Three commercial premises in Fermoy and Mitchelstown and a residental property in Ballyhooly will go under the hammer at an auction being held in Dublin next month.
The auction is being organised by Allsop Space, an Irish property auction company established in 2011. It will be held in the Shelbourne Hotel on March 1. Two Fermoy properties will be offered. Lot 23 is 103 Newmarket Street, known locally as the Doll Factory apartments. The freehold mid terrace four storey building is internally arranged to provide four one bedroom apartments. There’s vacant possession. There’s a reserve of €100,000 which is not to be exceeded. The property can be viewed in advance of the auction this Friday, February 15 and again on the following Friday, February 22 between 1.15pm and 2.15pm.
The second Fermoy property, Lot 129, is the former Juniper Restaurant and Poachers Lodge on Kent Street in the town. It comprises a mid terrace building with a ground floor and two upper floors. Inside it’s set out as a restaurant and bar premises with a kitchen with two self-contained one-bedroom apartments above. The apartments have their own separate entrance. The property is approximately 3,000 square feet. It’s being auctioned with a reserve price of €190,000 not to be exceeded. It’s available for viewing on Friday February 15 and 22 from 12 noon to 1pm.
The Mitchelstown property, Lot 31, has two long leasehold retail units on the ground floor with six apartments overhead, four one bedroom and two two bedroom. A two bedroom bungalow to the rear also forms part of the lot. There’s also a yard to the back. It has a reserve price not to exceed €180,000 on the instructions of the receiver. Viewings of that property are still to be arranged.
The final area property, Lot 134 is a substantial five-bedroom detached bungalow on a 0.85 acre site. The house is at Castleblagh, Ballyhooly. It has an en-suite in the master bedroom, a reception room, kitchen/dining area and main bathroom. The reserve there is not to exceed €95,000. There’s vacant possession. The house is available for viewing on Friday, February 15 and 22 from 10.30am to 11.30am.
The recession notwithstanding, the stipulation that the modest enough reserve prices aren’t to be exceeded is likely to excite considerable interest among bargain hunters.
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