This site uses cookies to improve your experience and to provide services and advertising. By continuing to browse, you agree to the use of cookies described in our Cookies Policy. You may change your settings at any time but this may impact on the functionality of the site. To learn more see our Cookies Policy.
OK
Dublin: 6 °C Sunday 23 February, 2020
Advertisement

Clare hotel and Dublin Georgian house in distressed property auction

The Kilkee Bay Hotel has a maximum reserve of €315,000 while a bar in Clifden, Galway has a reserve of €450,000.

Kilkee Bay Hotel in Co Clare has a reserve of €315,000 for the March distressed property auction.
Kilkee Bay Hotel in Co Clare has a reserve of €315,000 for the March distressed property auction.

ANOTHER AUCTION OF distressed property is planned for 1 March with a whole hotel and other large properties on the books.

The latest Allsop Space auction will be held in the Shelbourne Hotel in Dublin, starting at 9.30am. Among some of the 155 properties listed for sale are the Kilkee Bay Hotel in Co Clare and an entire Georgian house in central Dublin. The reserve on the hotel is not to exceed €315,000; the house on Herbert Street in Dublin 2 has a reserve of €560,000. There is also a bar, nightclub and attached apartments in Clifden, Galway up for sale with a reserve tag of €450,000.

The most expensive lot up for sale is a 5,335 sq metre industrial unit on the Airways industrial estate in Santry, Dublin – it has an €895,000 reserve on it.

Sixty-three per cent of the lots up for auction come under a €100,000 maximum reserve tag. The cheapest are two plots of land – €8,000 for less than half an acre near Inniscara, Co Cork and €10,000 for 1.4 acres in Moycullen, Co Galway. The full brochure is here.

The Allsop Space auctions have attracted interest since the first one was held in April 2011, both because of the low reserves on properties and because of some high-profile properties which have passed through the auction room, including Dartmouth Square, Dublin, an entire street in Tipperary and a 55-bedroom hotel in Donegal which went for €650,000. In the case of the square and the hotel, they were snapped up by local residents and the incumbent management respectively.

After he last auction, in December, Allsop Space director of auctions Robert Hoban, said that overseas investors had been prominent in the auction room.

Clare hotel and Dublin Georgian house in distressed property auction
1 / 6
  • 2 Herbert Street, Dublin: €560k

  • JC's bar, nightclub, apartments: €450k

  • Kilkee Bay Hotel: €315k

  • Bungalow, Charleville, Cork: €15k

  • Two-bed apt, Tullaghan, Leitrim: €15k

  • Ground-floor retail unit, Waterford city: €15k

  • Share on Facebook
  • Email this article
  •  

About the author:

Read next:

COMMENTS (12)