Bargain house in Kerry.

M

Murt10

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Lads, we missed out here big time. According to the news this place sold for E500K.




EDIT Isn't it a pity that the CAB don't make the list of assets they are disposing of more widely available. Has anyone any idea of how to find out about future sales etc. or is only for people in the know belonging to the golden circle.



Murt
 
I didn't see the CAB reference earlier or else the post was modified since.
 
Is this a bargain or was what the current market in Kenmare is willing to pay?? I assume that DNG advertised this house like any other? Does the fact that the CAB is selling it affect the market price?
 
According to today's Irish Times,
Cab legal officer Frank Cassidy said the €500,000 price was about what it had been hoping to secure for Caisleán Beag, a six- year-old dormer bungalow set on 2.8 acres at Cappanacush, Templenoe, Kenmare, given the number of holiday homes for sale in the area and the softening in the market.

[...] Mr Long successfully bought the house when he was given the first option to negotiate for the property after he had outbid other interested parties with his bid of €450,000. Auctioneer Trevor Giles withdrew the house from the auction to allow discussions when it became apparent no further bids were forthcoming.

About 40 people attended yesterday's auction at the Lansdowne Arms Hotel in Kenmare. With prospective buyers reluctant to show their hand, bids gradually inched their way up from €350,000 with Mr Giles having to several times threaten to withdraw the property if no further bids were forthcoming.
Click to expand...
 
Mr Long successfully bought the house when he was given the first option to negotiate for the property after he had outbid other interested parties with his bid of €450,000. Auctioneer Trevor Giles withdrew the house from the auction to allow discussions when it became apparent no further bids were forthcoming
Click to expand...

This quote should be moved to STB and join the Viagra thread...;)
 
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