'Bargains' raise €14.5m in bumper property auction - National News, Frontpage - Independent.ie
ALL but two of the 82 properties on offer at Ireland's first-ever bumper auction of distressed properties sold yesterday, raking in over €14.5m for six receivers and their bank clients.
One pub, which sold for €3m in 2005, was snapped up for €400,000 yesterday.
Nonetheless, the sales exceeded expectations by about €4m.
The agents had expected to make €10.6m when the catalogue -- which included two properties later withdrawn -- was originally drawn up.
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