Readers like you keep news free for everyone.

More than 5,000 readers have already pitched in to keep free access to The Journal.

For the price of one cup of coffee each week you can help keep paywalls away.

Support us today
Not now
Thursday 7 December 2023 Dublin: 11°C
Allsop A chapel in the Kerry hotel up for sale.

Hotels, pubs and shopping centres up for sale in distressed auction

The distressed property auction is sticking around post-Celtic Tiger Ireland.

THE DEMISE OF the retail sector in post-boom Ireland is no more obvious than when looking at a brochure for the next distressed property auction.

Due to take place in the Shelbourne Hotel on 15 May, the fire sale include two shopping centres, a number of stores, restaurants, pubs and a hotel.

A total of 126 lots will go under the hammer in the Allsop Space auction, the latest in a series held by the company in Ireland since the economic bust five years ago.

The most expensive property offered is an apartment block in Cavan with a reserve range of €1.5 million to €1.7 million. Twenty-four of the 60 apartments are subject to tenancies, 34 are vacant and two are subject to long leases.

Ten units of a shopping centre in Dublin – which is anchored by Dunnes Stores – are being offered for less money as the Finglas West site is valued at €1.2 million.

Another shopping centre unit in Kilkenny has a reserve range between €575,000 and €625,000.

There are also a number of pubs on the list, including the Triple Crown in Limerick which is fully licensed and has adjoining accommodation. It has a reserve of €125,000.

Brittas Bay pub and holiday accommodation McDaniels is also available in county Wicklow. The price? €625,00.

The Watermarque Hotel and apartment complex on O’Connell Street in Cahersiveen comprises a two-storey hotel, leisure complex and chapel.

The most extravagant lot is probably Ashroe House in Limerick, a detached period house with outbuildings, stables and a gate lodge on 51 acres of parkland. That will sell for at least €425,000.

The last Allsop Space auction took place in March with 112 lots reaching or exceeding their reserve prices, including a Georgian building in Dublin for €640,000 and the Munster Rugby store in Cork City for €295,000.

Clare hotel and Dublin Georgian house in distressed property auction

Dartmouth Sq and shopping street in Clonmel sell at auction

Your Voice
Readers Comments
    Submit a report
    Please help us understand how this comment violates our community guidelines.
    Thank you for the feedback
    Your feedback has been sent to our team for review.