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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.
Feb 7th 2012, 10:09 AM 11,392 19

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:

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Sinead O'Carroll

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