Belfast Telegraph

Crossmaglen houses among lots in online auction first

By Michelle Weir

Northern Ireland's first dedicated online auction will take place on June 5 by BidX1, with 17 properties going under the virtual hammer.

Richard O'Neill, director at BidX1, said: "We're very pleased to be launching our first catalogue dedicated to Northern Irish properties, kicking-off at 12pm on June 5.

"Our focus is on using technology to enhance the experience of buying and selling and, having achieved success rates of over 90% for Northern Irish properties in our UK-wide auctions already this year, we know there is a keen appetite for the ease and transparency provided by our online platform in this market."

Formerly known as Allsop Ireland, the business was established in 2011.

Properties to be auctioned include a £0.5m lot of eight houses in Crossmaglen, Co Armagh and a parcel of residential land in Bangor.

Mr O'Neill added: "A portfolio of eight houses on the outskirts of Crossmaglen in Armagh headlines the catalogue and should attract plenty of interest. All but one of the three-bedroom townhouses are tenanted, generating £38,496 annually. The lot is guiding £575,000.

"A residential site on Hawthorne Drive in Bangor provides a prime development opportunity: planning was previously approved for the construction of six houses. Extending to 0.26 acres, the site is going under the hammer with a £100,000 guide price.

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"No 10 Drummond Park, a four bedroom house in the much sought-after Malone Road in south Belfast, is the highest value family home on offer. Guiding £365,000 and being offered with vacant possession, plenty of interest is expected.

"An interesting refurbishment/development opportunity is provided by an attractive end of terrace office building on Columba Terrace, Limavady Road. The property is currently comprised of seven offices and requires some TLC, but the attractive guide price of £90,000 should prove tempting to those seeking a refurbishment project.

"Other residential highlights include a four bedroom house in Artigarvan, Tyrone, guiding £100,000; a three bedroom house in Limavady guiding £90,000 and a modern semi-detached three bedroom house in Rasharkin, Antrim, guiding £80,000."

Recently, BIDX1 sold the former Carnagh Country House Hotel in Keady, Co Armagh, online for just £22,000. The five-acre Castleblaney Road site had a guide price of £10,000.

A hotel had been located on the site in the heart of the Carnagh Forest, but it had been extensively damaged in a fire.

Belfast Telegraph