No. 82A McDermott Street, Gorey, Co. Wexford. Auction Report.

Valuable Commercial/Investment Property For Sale By Public Auction On Friday 8th December 2017 At 3pm In Our Gorey Office.

No. 82A McDermott Street extends to c. 210 sq.m. with two floors for commercial use and a third floor suitable for storage, it is nestled in the heart of Gorey. The property has been unoccupied for a some years and requires re-fitting. Taking the above into account it was guided at €160,000.

 

Auctioneer David Quinn

Turnout on the day of the auction was relatively small, however, a large portion of those who attended were active bidders. Bidding opened at €150,000 and swiftly rose to €205,000 with three bidders battling it out. At this point a new bidder entered the race and subsequently made the highest bid of €265,000.

Speaking afterwards, the auctioneer David Quinn believes that the price “highlights the strong recovery in the Gorey commercial property market”. The auction is the last of 2017 and David expressed his delight at ending on a positive note while also stating that plans are being finalised for upcoming auctions in January and February.

 

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