Bidding war as long standing Offaly pub sell for huge amount at auction as part of larger lot

A bidding war between two determined bidders saw a long standing Offaly pub sell for a huge amount at an online auction today as part of a larger lot. 

The Lantern on Kilbride Street in Tullamore was up for auction along with three retail units and two apartments. 

The guide price for the lot was €475,000 but after a lengthy auction, the development eventually sold for €631,000.

Such was the battle between two bidders, the time allowed for the auction was extended multiple times as the bidding went up and up.

Bidding started at €475,00 but quickly moved past €500,000. As the bids approached €600,000, the auction was extended multiple times and only ended when the bids hit €631,000.