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.