THREE properties in Fermanagh are going under the hammer in an auction this morning (Thursday) in Belfast.

First up is a four bedroom detached bungalow in Ederney at a maximum reserve price of £70,000 and a mid-terrace property comprising a former public house and adjoining four bedroom house located on the village's main street, which has been priced at a maximum reserve of £40,000. Also up for auction is the former Mart located in the Derrygonnelly. The 0.62 acre site offers an excellent development opportunity subject to planning and has a maximum reserve price of £40,000.

Today's auction is Osborne King's first large scale property auction in four years and will include almost 30 lots featuring a broad mix of residential and commercial property across the province with maximum reserve prices ranging from £40,000 to £175,000. Osborne King's auction team is confident that this forthcoming auction will prove to be an excellent opportunity for investors, owner-occupiers and developers. In a statement, a spokesperson said: "Obviously, the recent success of other auctions helped to influence our thinking to a degree in terms of convincing us that the time is now right to re-engage in this line of business. Back in 2007 at the height of the property boom, we attracted experienced auction buyers although now we are also expecting interest from first-time and cash buyers, particularly as buying at auction is such a transparent and relatively straightforward process."