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Looking to buy? The first of two enormous property auctions is kicking off in Dublin today

€35 million worth of houses and property are set to go under the hammer at the RDS from 9am in Allsop’s biggest ever auction.

Image: Laura Hutton/Rollingnews.ie

THE FIRST OF two massive property auctions kicks off in the RDS, Dublin today with hopeful buyers of all sorts hoping to grab a bargain.

Property consultants Allsop are running the two events, with €35 million worth of residential property alone to come under the hammer.

Today’s auction, which kicks off at 9am, will see a mixture of commercial and residential property up for grabs, while Thursday’s second auction will be residential only.

The level of take-up should give an interesting insight into how the property market stands in Ireland at present.

The extent to which properties sell for above their reserve price (ie the minimum bid) will give an indication of just how competitive things are between buyers.

If rents and asking prices are anything to go by in the capital just now, the market should be at fever pitch.

northbrook Northbrook Avenue, Ranelagh - reserve €350,000 Source: Allsop

kilwick Kilwick House, Dunlavin, Co Wicklow - reserve €350,000 Source: Allsop

290 private houses and properties will be up for grabs, fully a quarter of which are in Dublin.

Highlights will include:

  • A three-bed house in Ranelagh, Dublin selling for €350,000
  • Kilwick House, a detached five-bed property in Dunlavin, Wicklow for 350,000
  • 42 acres at Capranny Stud, Trim, Co Meath with a reserve of €350,000

Jonathan Fenn, head of residential with Allsop describes the domestic properties at the auction as the company’s “largest residential catalogue to date”.

harcourt street 10 Harcourt Street Source: Allsop

On the commercial side, of the 80 properties up for grabs the highlight is 10 Harcourt Street, Dublin, a Georgian property with two warehouses on site. The reserve on the property is €2.9 million.

You can view the full catalogue of houses etc available at the auction here.

Read: Good news for landlords, bad news for everyone else

Read: This iconic Dublin mansion will cost its next owner €10 million

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