Belfast Telegraph

Shops and hotel up for auction

By Margaret Canning

Property auctions at the end of this month will feature bargains including a Belfast retail unit for £10,000 and a derelict hotel in Co Donegal for £30,000.

The former fruit shop at 317 Woodstock Road is one of nearly 30 lots at the Lambert Smith Hampton auction to be held on March 31 at the Europa Hotel in Belfast.

And an occupied shop in Bangor has a maximum reserve 10 times that of the east Belfast shop - £100,000. The auctioneers are also off-loading plots of land across the province, including a one-acre site at Finvoy Road in Ballymoney at just £10,000.

And agents Osborne King will also hold an auction on March 30 at Clayton Hotel in the city's Ormeau Avenue. Properties include the derelict, three-storey Roneragh Hotel in Fahan.

Mark Carron of Osborne King said there was strong interest in the marketplace for auction sales.

He said the agency expected a strong turnout from investors.

Martin Mallon of Lambert Smith Hampton said: "Over the past three years LSH have achieved a success rate of over 90% at auction and there is considerable interest in the upcoming auction.

"The improvement in the Northern Ireland property market conditions over the past couple of years has led to an increase in the number of potential auction buyers and as a result our property auction remains a popular method of sale for a range of clients."

Belfast Telegraph