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Lots For First Eddisons Irish Property Auction Revealed

Written by: Richard Roe on Thursday 18/10/2012

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A leading firm of Chartered Surveyors and Auctioneers has attracted 11 lots for its first Irish auction in Dublin on November 15th.

The Eddisons catalogue contains a mixture of stock, including commercial and residential investment opportunities, with instructions from receivers and private individuals.  

Highlights include a vacant 4 bedroom mid terrace property, 2km from Ennis town centre, which has a reserve price of €16,000.

The house is just off the Lahinch Road, within the Dun Na Hinse development and is described as being in need of repair.

A further property in the same location, which occupies an end of terrace position, has a reserve not to exceed €18,000.

Elsewhere, a tenanted unit at the Citynorth Business Park at Stamullen, Co Meath which generates annual income of €24,000 has a reserve not to exceed €95,000, a potential return of over 25%.

Dublin stock includes a mixed retail and residential investment in walking distance of the city centre, generating approximately €74,500 per annum. The reserve is not to exceed €375,000.

Robert McGreal, head of Eddisons inIreland said: ’We have attracted a variety of keenly priced lots which means there should be something for everyone.

‘While 60% of the stock is from Dublin city, Limerick City, Munster and Leinster are also represented.’

Eddisons is one of the most established auctioneering firms in England, conducting 16 auctions every year in Leeds and Manchester, offering stock from the Midlands through to the Scottish Borders.

The firm has also recently launched a Londonauction department who stage their first sale on November 21st, with five further sales already scheduled for next year. 

At the start of 2012 they launched a Dublin office which is supported by a national network of offices in the UK.

The sale on November 15th takes place in the Adams Suite of the Shelbourne Hotel, St Stephen’s Green, Dublin 2, starting at 2.30pm. 

The full catalogue is available to view on-line by clicking here

Written by: Richard Roe on Thursday 18/10/2012

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About the author

Richard joined Eddisons in 2003 and has been the Managing Partner since 2012, a role that sees him lead the strategic direction and development of the business under the ownership of Begbies Traynor Group plc. Richard has been instrumental in the growth of the business which has seen turnover more than double since 2008.

In addition to his role as Managing Partner, Richard continues to play a vital role with key clients, particularly in the banking sector, where he is a trusted adviser to major high street clearing banks. Over the last eight years, Richard has been appointed LPA Receiver on many high profile properties and assists in the recovery of distressed loan portfolios.

Prior to joining Eddisons, Richard worked in the real estate division of a 'Big Four' firm where his notable assignments included the privatisation of Saudi Telecom for flotation on the New York Stock Exchange.

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