Saturday 16 December 2017

Four Wexford properties sold at auction

By Esther Hayden

Only four of the seven properties up for auction at the last Allsop auction of the year sold last Wednesday.

The properties which were dotted around the county were part of a tranche of 260 commercial and residential properties up for auction nationwide with a total reserve of €45million.

Apartment 24 in Donovan's Wharf, Crescent Quay in Wexford town sold for more than three times its reserve of €40,000 selling for €112,500. The second floor two bed apartment is currently subject to a tenancy with a current rent of €7,200 per year.

Clonee in Ballyduff, Gorey, a vacant four bed house which also had a reserve of €40,000 sold for twice the guide price going under the hammer at €92,000. The house is a vacant detached two storey house with gardens front and rear.

A vacant end of terrace house at 12 King Street in Wexford town sold for €65,000, €15,000 above its reserve of €50,000.

A single lot comprising of 90, 91, 93, 94, Mary Street, New Ross which had a reserve range of between €75,000 and €85,000 failed to sell at the auction. The three adjoining mixed use vacant properties have a square footage of 5,500.

Also failing to sell was a commercial retail warehouse unit at 14, Westpoint Business Park in Clonard. It went to auction with a reserve of between €85,000 and €95,000. A semi-detached three bedroom house at 24, Ashgrove, The Paddocks, Enniscorthy was withdrawn from sale prior to auction. It had been in the catalogue with a reserve of €90,000. It is currently subject to a tenancy at a current rent of €6,072 per annum.

The final property, 1, Woodlands Manor, Gorey sold for €145,000 €15,000 more than the reserve of €130,000.

Wexford People

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