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Dublin: 8 °C Saturday 16 February, 2019
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€50 million worth of properties - including the GAA's birthplace - sold at auction

Hayes Hotel went for €650,000. But that was a drop in the ocean at the RDS today.

Image: Allsop

A FULL HOUSE at the RDS – as well as 4,000 online bidders – snapped up €50 million worth of properties at the latest Allsop auction today.

Five Dublin developments, including two in Lucan and Malahide that went for over €4 million each, made up €12 million of that spending.

Overall, 194 properties sold for €54.5 million, with urban properties the main attraction of the day. That makes today the biggest sale of properties in Irish history.

The catalogue of properties was not, however, made up of distressed properties.

Robert Hoban, Director of Sales, Allsop Space added: “We are thrilled with the results of today’s auction. There was a distinctly non-distressed set of properties.

“The top two prices made were for a private seller selling two large Dublin investments. We hope that the turner cornered by this auction is a reflection of the market as a whole.

“The number of people in attendance at today’s auction was our biggest yet, with standing room only in the RDS at times.

“Interest wasn’t limited to Irish based buyers, Duvillaun Beg Island located off the west coast of Ireland sold to a European buyer for €105,000.”

The headline lot was the birthplace of the GAA, Hayes Hotel in Thurles, which sold for €650,000.

A set of apartments and houses at Ascail Rois, Carrickmacross in Monaghan was sold for €1.925 million, nearly twice its reserve price.

A garage and workshop on Dublin’s Bolton Street sold for €650,000 – three times the reserve.

Read: Despite calls for it to be saved, the GAA’s birthplace was sold at auction today

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