Cookies on Offaly Independent website
We use cookies to ensure that we give you the best experience on our website. We also use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on the Offaly Independent website. However, if you would like to, you can change your cookie settings at any time by amending your browser settings.
How does Offaly Independent use cookies?
Cookies enable us to identify your device, or you when you have logged in. We use cookies that are strictly necessary to enable you to move around the site or to provide certain basic features. We use cookies to enhance the functionality of the website by storing your preferences, for example. We also use cookies to help us to improve the performance of our website to provide you with a better user experience.
We don't sell the information collected by cookies, nor do we disclose the information to third parties, except where required by law (for example to government bodies and law enforcement agencies).
Hide Message
  • News

Banagher's Brosna Lodge sold at auction

Thursday, 3rd July, 2014 2:49pm

Story by Laura Ryder
Jump to comments
Banagher's Brosna Lodge sold at auction
Banagher's Brosna Lodge sold at auction

Three Offaly lots including Brosna Lodge in Banagher sold at the most recent Allsop property auction in Dublin on Tuesday. The auction of 163 lots raised almost €38.5m, with 80 per cent of lots sold on the day.

Brosna Lodge, a 14-bed hotel on Banagher’s Main Street, was put up for auction with a four-bed house with a reserve price of between €250,000 and €300,000.

On the day the property that includes a bar and two restaurants was sold for €250,000.

A two-storey end of terrace mixed use building on Green Street in Birr stretching to almost 1,200 square metres also sold on the day. With a reserve of €42,000 to €47,000 set for the property, it sold for approximately twice that at €90,000.

An Edenderry lot sold for a whopping five times more than its reserve price at the same auction. Land totalling 1.21 hectares to the rear of 74 and 79 JKL Street in Edenderry went for auction with a reserve not to exceed €30,000. On the day it went for €150,000 however.

Units at Edenderry Business Park on St Mary’s Road in the town comprising a restaurant, a retail warehouse, three offices and five warehouses and extending to almost 3,500 square metres had been listed for sale, but were withdrawn prior to auction.

Offaly Independent-Read in full for FREE. Subscribe here.