Allsop lines up biggest auction

Thu, Sep 6, 2012, 01:00

THE NEXT Allsop Space auction, on October 3rd, will be the largest yet, with 127 lots, of which 60 per cent are residential.

It remains to be seen if there is any waning of cash buyers’ appetites for these auctions, which have seen at least 92 per cent of properties sell under the hammer.

This time around there are more houses (43) than apartments (30). Among the star lots is 34 Fitzwilliam Place, Dublin 2, which is being sold with a mews to its rear, 34 Leeson Close. The reserve for both will not exceed €850,000. Number 23 Northumberland Road, Ballsbridge, Dublin 4, which is set in nine flats, has a reserve of €590,000.

A row of four neighbouring semidetached houses in Walkinstown, Dublin 12 – 3, 5, 7 and 9 Greenhills Road – will be sold in a single lot asking €360,000.

Just over 60 per cent of the lots are being sold by the receivers, and there are 76 non-Dublin properties. These include the last four houses in the Rush Hall estate in Mountrath, Co Laois, which, along with over four acres, will have a reserve of €40,000.

There’s a former convent of the Sacred Heart on 5.2 acres in Roscrea, Co Tipperary, with a reserve of €100,000, along with several buildings, including a school and a former retreat house.

There will also be 50 commercial properties, including eight pharmacies, two hotels and six pubs.

According to Robert Hoban, director of auctions at Allsop Space ( allsopspace.ie), “the size of this catalogue is a direct result of the popularity of previous auctions amongst the buying public.”

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