Property: BidX1 launches debut Northern Ireland auction
BidX1 have announced details of their first dedicated online auction for assets here, which will take place on June 5. A total of 17 properties will be going under the virtual hammer, all of which can be viewed at www.bidx1.com/en-gb/auction/properties/330
Richard O’Neill, director at BidX1, explains:
“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 per cent 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.”
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.
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 currently comprises 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.
BidX1 is a pioneering online auction house providing buyers and sellers with a powerful, worldwide, online trading platform.
Formerly known as Allsop Ireland, the business pioneered the use of online auctions to further enhance the market offering.
The BidX1 team have sold over 7,000 assets, raising in excess of €1.3bn. With the recent acquisition of London based Andrews and Robertson, BidX1 has become the second largest commercial and residential auction house in Britain and Ireland.
BidX1’s proprietary platform is backed by extensive real estate experience combined with the best of cutting edge technology. Their bespoke, in-house platform means clients can buy or sell property online from anywhere in the world - securely, efficiently and confidently.