Auction reserve of €50,000 on estate of 14 unfinished houses

Wed, Jun 13, 2012, 01:00

A HOUSING estate made up of 14 unfinished houses, a 700-year-old castle and an 8,000sq ft Georgian building on Dublin’s Merrion Square are three of the lots set to go under the hammer at the next Allsop-Space auction.

The unfinished housing development at Annagh Banks in Castlemaine, Co Kerry, is being offered for sale as a single lot with a minimum reserve of just €50,000. It is likely to attract interest from developers, as the development of 14 houses built to shell condition on 3.03 acres remains unfinished.

The same site previously had planning permission for nine apartments, a 12-bedroom hotel with pub and restaurant and two retail units, which has since lapsed.

The Georgian townhouse at 26 Merrion Square has a reserve no higher than €1 million and is likely to be the star property at the auction, from 11am on July 6th at the Shelbourne Hotel. The house, on the Holles Street side, features rear access on to Denzille Lane. It has planning permission for a 1,916sq ft extension. Key Georgian features in the four-storey over basement building have been conserved and the property will be sold with vacant possession.

The auction will feature 90 properties across the country, comprising a mix of residential and commercial opportunities.

A castle on the banks of the River Barrow in Athy, Co Kildare, is being offered with a reserve not to exceed €50,000. White’s Castle was built in 1417 by Sir John Talbot, the Viceroy of Ireland.

The Stout Bar and No 1 Richmond Hill on the Lower Rathmines Road, Dublin 6, is a freehold vacant public house of 5,000sq ft which comes with a substantial adjoining Georgian property in four residential units. It has a reserve not to exceed €600,000. The residential units have a rental income of €28,200 annually.

The catalogue is available online at

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