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Dublin: 17 °C Monday 28 May, 2018
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“Strong sales” at Allsop auction, as landmark Dublin pub goes for €410,000

The latest high-profile auction of homes, retail outlets and business premises is taking place at the RDS in Dublin today…

AMONGST THE HIGH-PROFILE sales in the first half of the day’s business at the latest  Allsop Space Auction — two Dublin pubs changed hands, the Permanent TSB building in Sligo found a new owner and three units of a retail park in Tipperary went for just under three-quarters-of-a-million euro.

The Deadman’s Inn, a landmark in the west Dublin suburb of Lucan, was sold for €410,000 — towards the top end of its reserve (set at between 380k and 420k).

[Allsop]

Meanwhile, the Drake Inn – in Finglas, Dublin 11 – went for €620,000, well above the upper limit of its reserve, at €490,000.

[Allsop]

These three retail units at the Cashel Retail Park in Tipperary changed hands for €700,000…

[Allsop]

Meanwhile, the Permanent TSB bank building on Sligo’s O’Connell Street — one of the top-listed properties in today’s brochure — went for €2,400,000, also well above its upper reserve limit of €2m.

[Allsop]

The RDS complex in Dublin’s Ballsbridge was busy this morning as bidders began arriving for the auction before 9am.

The sale is continuing this afternoon, with the final results set to be confirmed at around 6pm.

Auction Director Robert Hoban said it had been a “strong day of sales” so far.

There has been a significant amount of commentary of late about the strength of the property market in Ireland. Today this is borne out in these early results showing hard evidence of that revival.

Read: €10m Monet painting damaged in 2012 incident goes back on display this morning

Read: From €10k houses to an entire shopping centre: A look at today’s Allsop auction properties

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