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Dublin: 16 °C Tuesday 21 May, 2013

A 55-bedroom seaside hotel for €650,000: another distressed property auction

100 properties will go under the hammer on 1 March, including a cottage for €7,500 and an industrial estate for €210,000.

Image: Allsop/Space

A 55-BEDROOM seaside hotel and spa will go under the hammer with 99 other ‘distressed’ properties at an auction in Dublin on 1 March.

The Sandhouse Hotel in Donegal Bay, which stands on 3.21 acres and features a restaurant, bar, conference room and spa, has a reserve price of €650,000.

The hotel is the most expensive property to be auctioned at the Allsop Space firesale in the Shelbourne Hotel next month.

Those looking for bargain basement prices may be more interested in a cottage in Carrigallen, Co. Leitrim for just €7,500 or a 150-year lease on a two-bedroom house in Portlaoise for €10,000.

This is the fifth such auction to take place in Dublin in the past year and includes commercial and residential properties, as well as some land sites. Only nine properties remained unsold following the November auction when 112 lots went on sale.

Here are some other highlights from the upcoming auction:

A 55-bedroom seaside hotel for €650,000: another distressed property auction
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  • Sandhouse Hotel

    An aerial view of the hotel, sitting on its 3.21 acres.
  • Sandhouse Hotel

    The back garden of the Sandhouse Hotel. Reserve price is €650k.
  • Bray, Wicklow

    Kavanagh's Bar on Castle Street will go under the hammer for €110,000.
  • Gort, Galway

    The Market Square four-floor, terrace building is a steal at €90,000.
  • Rathvilly, Carlow

    Situated on the River Slaney, the residence includes its own mill race and mill wheel. Price? €150,000 (including views and 3.11 acres)
  • Liscorrie, Louth

    This four-bedroom family home has a reserve price of €100,000.
  • Dingle, Kerry

    Reserve price of €50k for this three-bed on a terrace row.
  • Dublin

    Eight apartments and a ground floor commercial unit on Upper Ormond Quay has a reserve of €610,000 - the second most expensive property in the March 1 sale.
  • Clifden, Galway

    These 12 industrial units will go for as little as €210,000. Seven of the units already have tenants.
  • Harold's Cross, Dublin

    The reserve price for this retail unit and apartment block is €595,000.
  • Blackrock, Dublin

    An apartment on the ground floor has a reserve price of €170,000.
  • Valentia

    Fancy living on an island. House price? €35k.
  • Bunclody, Wexford

    There are beautiful views surrounding this derelict gamekeeper's cottage. Planning permission also exists for its part demolition and extension. Price? €25k.
  • Bunclody, Wexford

    Those views of Slaney Valley from the derelict gamekeeper's cottage seen previously.
  • Killybegs, Donegal

    One of the cheapest in the auction, this two-bed has a reserve of just €15,000.
  • Carrigallen, Leitrim

    The auction catalogue says the €7,500 cottage benefits from a shed/garage adjacent to it.

All images from Allsop/Space

More: GALLERY: 112 distressed properties going under the hammer in fourth auction>

Distressed or distraught? €21,000 reserve put on house at auction>

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