Northern Ireland

Former Tyrone police station sold for £54,000

Auctioneer and hammer

A former police station is among 25 lots which have sold at an auction in Belfast.

The building in Coagh in County Tyrone made £54,000 which was £9,000 above the reserve.

The properties were being sold by estate agents Osborne King in their first auction since the property crash.

Similar auctions of repossessed houses have been held regularly in recent times by firms like Wilsons.

In boom times Osborne King auctioned sites and properties for multi-million pound sums.

In contrast the most expensive property sold on Thursday was an apartment block in Larne which went for £201,000.

Four properties had been sold ahead of the auction and two failed to sell.

Both unsold properties were pubs in County Down - they failed to reach the reserve price.

The cheapest property sold was a modern three bedroom town house in Downpatrick which went for £40,000.

A site in County Down which went for less than £100,000 last changed hands during the property boom for more than £1m.

The firm is planning to hold similar auctions in the coming months.