No bids for apartment block at Ballybofey auction

An  apartment block which was to have been sold at auction in Ballybofey this evening was withdrawn after no bids emerged.
The Donegal apartments, at Navenny Place, Trusk Road comprise a 47 apartment package whuich must be bought as a going concern, with a guide price of €550,000. Bids for single apartments would not be accepted under the terms of the auction..
In this afternoon’s auction, the guide price was not met as there were no bids from the floor, apart from a bid of €5,000, which the auctioneer refused to accept. The property was subsequenty withdrawn. According to agents Sherry Fitzgerald Rainey, the property is now available for sale by private treaty.
The apartments are not finished, and will require significant work.