THE LARGEST PROPERTY auction ever in Ireland will be held at the start of next month, comprising of properties with a combined reserve value of €40 million.
This latest auction by Allsop Space will consist of 184 properties including, among others, 87 commercial and 97 residential properties, including 62 houses, 19 apartments, three hotels, five public houses, 26 industrial properties, 39 retail outlets – and a bank.
Six of these are worth more than €1 million, including an entire development of 14 properties in Porterstown, Dublin 15, and dozens of units worth a total of €5 million at at a business park in Rathcoole.
“It is encouraging to see such a strong offering of Dublin properties – €23 million worth in this catalogue alone,” Robert Hoban, director of Allsop Space said, ”because demand to secure a property is highest in the capital city.”
Included in the Dublin portfolio is “renowned watering hole” The Deadman’s Inn in Palmerstown.
Outside of Dublin, a post office and garage generating €133,000 per year in rent are up for grabs in Mallow, Co Cork, for between €1.05 million and €1.15 million, and a building currently rented by Permanent TSB branch on O’Connell Street in Sligo.
The auctioneers added that it stands by their pledge “to not handle the sale of repossessed family homes, or any properties subject to a legal dispute”.
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