Mulcahy is appointed to Youbid.ie’s Limerick office

Youbid.ie has appointed chartered surveyor Tomás Mulcahy to its Limerick-based team to help drive growth in the online property auction portal.

Mulcahy returns to his native city after living in Dublin for work and college for several years.

He graduated from Technological University Dublin in February 2019 with an MSc in Real Estate after previously graduating with a BA in English and Geography from Mary Immaculate College in October 2017.

He joined JLL in September 2018, where he initially worked in the Office Tenant Representation division, later moving to the Office Agency department. He undertook his APC Assessment to become chartered, which he passed in March 2021.

“I am delighted to welcome Tomás, who is joining at an exciting time for the company and the online property auction sector”, said Youbid.ie director Michael O’Connor.

“With his enthusiasm, energy and experience within the property industry to date, I could not be happier to see Tomás joining the Youbuid.ie team.”

With offices in Limerick, Dublin and Cork, Youbid.ie has experience in all aspects of residential and commercial property services for private, corporate and multinational clients.

The digital property platfrom for live and online auctions nationwide was created in May 2020.

While the initial strategy was to hold online auctions to assist in selling the unsold lots from in-room auctions, the Covid-19 pandemic proved to be a boost for the business model and Youbid.ie developed into a monthly online auction.

Hundreds of properties have been sold on the platform since then, with a success rate of over 96 per cent and average prices more than 21 per cent above reserves.

Full article available on the Sunday Business Post https://www.businesspost.ie/commercial/mulcahy-appointed-to-youbidies-limerick-office-ba45e056

National online auction platform Youbid.ie has appointed Brigid Downes as Associate Director.

Ms Downes has more than 10 years’ experience in the property auction industry and has contributed significantly to the success of Youbid.ie – a division of Limerick estate agents O’Connor Murphy – since its launch last May.

Brigid Downes Associate Director of Youbid.ie
Brigid Downes, the new associate director at YouBid, has contributed significantly to the success of the platform since its launch last May. Photo: Horsfall Photography

She has worked for almost seven years with the company, which also has offices in Cork and Dublin and last year announced a strategic commercial partnership with QRE Real Estate Advisers.

The Limerick native studied Business and Tourism at Limerick Institute of Technology before sitting IPAV exams at Cork Institute of Technology.

“At the beginning of 2020, our strategy was to hold six public auctions which would be followed by an online auction to assist in selling the unsold lots from in-room,” said Ms Downes.

“However, due to the Covid-19 pandemic we re-branded to Youbid.ie and changed our strategy to monthly online auctions.

“Since its launch the platform has been very successful, and we have offered 321 properties for sale over the course of eight auctions.

“We have achieved an 83% success rate, with average prices exceeding 14% above reserves.

“The highlights include a group of six apartments at Mill Falls, Newcastle West, Limerick, which received 144 bids and sold for €423,000, 68% above its reserve of €291,000.

“Another success was 3 The Dunes, Dunfanaghy, Donegal which had a reserve €95,000, but sold for €231,000 – almost two and a half times its reserve – after 135 bids.

“In Dublin, 81 and 82 North Strand Street had a reserve of €360,000, but after 245 bids they sold for €606,000.

81-82 North Stand Street in Dublin sold for €606,000

“And Units 3 and 4 in Westlink Business Park, Clondrinagh, Limerick, had a reserve of €150,000, but sold for €451,000 after 169 bids.

“We are looking forward to a busy 2021 and have plans for 11 monthly online auctions, with the first taking place on Thursday, February 18.”

Ms Downes said she looks forward to playing her part in the continued success of O’Connor Murphy and youbid.ie, which represents “an exciting new era” in the Irish property market.

“With her wealth of experience within property and specifically the property auction industry, I could not be happier to appoint Brigid as Associate Director of youbid.ie,” said Michael O’Connor, CEO of O’Connor Murphy.

“We look forward to continued success in 2021 for youbid.ie.”

Properties for the February 18 auction are listed on the platform. Documentation and brochures are available by registering on Youbid.ie or by calling 01-5676979. Email info@youbid.ie for more details.

Published in the Sunday Business Post 24/01/21

Final Auction of 2020 for Youbid.ie attracts huge interest with 91% of properties selling on the day.

The final auction of 2020 for Youbid.ie had something to offer everyone with multiple bidders on each of the lots. A selection of residential, commercial and investment properties were available to bidders with 91% of properties selling on the day.

A well appointed four-bedroom bungalow extending to 166 sq.m in Coolcapagh, Co Limerick received huge interest with over 30 bids and sold for €161,000. In Waterford a rural hillside cottage with extensive countryside views, received 30 bids and sold for €83,000. A number of commercial units and lands also received huge interest and achieved successful sale prices.

81/82 North Strand Street, Dublin 3 Sold for €606,000
The Brambles, Tallow, Co Waterford Sold for €83,000

Auction Highlights

See some of our auction highlights below.

  • Gortroe, Coolcapagh, Co Limerick – a well-appointed four-bedroom bungalow extending to 166 sq.m, received 34 bids and sold for €161,000
  • The Brambles, Tallow, Co Waterford – a rural cottage on a generous 1.48 acre site had a total of 30 bids achieving a price of €83,000
  • 81/82 North Strand Street, Dublin 3 – a circa 4,080 sq. ft red brick office/commercial building had multiple bidders registered and sold for €606,000
  • Unit 3 & 4 Westlink Business Park, Clondrinagh, Limerick – a circa 16,417 sq. ft modern detached industrial unit generated strong interest with seven bidders achieving a price of €451,000.

2021 Auction

Our first auction of 2021 will take place on Thursday, 18th February. For further details or to register for updates please visit www.youbid.ie

Business Post: Holiday homes and lakeshore lodge feature in Youbid auction

Properties to go under the virtual hammer include a wood lodge in Tipperary, holiday cottages in Doolin, Co Clare and a terraced house in Youghal town.

Date: 8th November, 2020

Cedarwood lodge at Curraghmore Point, Coolbawn, Co Tipperary , requires some work and comes with an advised minimum value of €85,000.

A Cedarwood lodge offering rustic charm and trandquility on the shroes of Lough Derg is listed for sale in online auction platform Youbid.ie’s next live-streamed event on Thursday, November 19.

The 98 square metre three-bed detached residence at Curraghmore Point in Coolbawn, Co Tipperary, requires some work and comes with an Advised Minimum Value (AMV) of €85,000.

The lodge sits on a generous 2.18 – acre site with direct access to the lake. See the full article here .

KILDARE APARTMENT IN YOUBID ONLINE AUCTION

An apartment at Louisa Park in Leixlip, Kildare, less than a five-minute walk to the local train station, is listed for sale in online auction platform Youbid.ie’s next live-streamed event on Thursday, November 19.

12a Louisa Park is a 70sq mts, two-bed, first-floor apartment and is an attractive proposition to commuters. It comes with an Advised Minimum Value (AMV) of €220,000.

Situated in a highly sought-after development of duplexes and apartments, the property boasts exceptionally spacious and well-presented accommodation.

The property is presented in excellent condition and offers a warm, welcoming atmosphere with wood floors in the principal reception rooms, a separate kitchen and a large balcony.

Both bedrooms are generous in size while the master bedroom has an en-suite.

Louisa Park is superbly located within striking distance of Leixlip village and adjacent to Louisa Bridge train station, providing connectivity to Dublin’s Connolly Station in 28 minutes, while the M4 and M50 motorways are accessible within 10 minutes.

The village is home to many specialty shops, popular pubs, restaurants and supermarkets such as SuperValu and Aldi.

Youbid.ie’s previous live-streamed events have seen over 80% of properties listed sold at an average of 10% over reserve prices.

The properties for the November 19 auction are listed on the platform. Documentation and brochures are available by registering on Youbid.ie or by calling 01-5676979. Email info@youbid.ie for more details.

See the full article here