Urban properties lead the way in latest Allsop auction

Allsop will host their latest auction of 209 properties with a combined reserve of over €34 million at the RDS in Dublin on Thursday.

This auction will get underway at 9am and presents a number of exciting investment opportunities for both commercial and residential buyers as well as a large selection of houses and apartments for sale in prime Dublin locations and around the country.

Allsop are featuring 147 residential properties valued at over €17m. Similar to the September auction, Dublin properties make up over 25% of the residential list.

There is a broad selection of affordable houses and apartments in attractive Dublin locations including a four bedroom mid-terrace house with a basement in Harold’s Cross, reserve €475,000; a duplex three bedroom apartment in Ballsbridge, reserve range €400,000-€450,000; a ground floor two bedroom apartment in Goatstown, reserve range €300,000-€325,000; a semi-detached three bedroom house in Kinsealy, reserve €240,000; a third floor two bedroom apartment off Mespil Road with a reserve of €275,000; and a third floor three bedroom apartment in Cabinteely at a reserve €260,000.

Multi-unit properties also feature and include an entire development comprising 10 completed houses and 18 part complete houses in Templemore, Co. Tipperary, reserve range €600,000-€650,000; a portfolio of 4 apartments to be offered collectively as one lot in Clondalkin, reserve €350,000;  5 two bedroom apartments in Doughiska Co. Galway, reserve range €450,000-€500,000; two unbroken blocks comprising of 16 apartments to be sold collectively as one lot in Kildare town, reserve €430,000; and 8 houses together with a 6 acre Development Site in Bawnboy, Co. Cavan, reserve €380,000 – €420,000.

Other highlights include a detached seven bedroom house together with four apartments and an indoor swimming pool in Glandore, reserve €375,000 and a site area extending to approximately 13 hectares (33 acres) in Rathcoole, Co. Dublin with a reserve of €265,000.

Commenting at the launch, Robert Hoban, Commercial Director & Auctioneer, Allsop said: “We launch our latest catalogue against a backdrop of some interesting changes in the marketplace. It is a tale of two markets. Investment yields are fast compressing in the cities to 6% and 7%. At the same time, however, value can still be found in the provinces with returns of 10% or greater.

He added: “A rise in the number of Dublin assets reflects the unsated demand for residential and commercial investments in the capital. The approaching year-end signals the now regular rush to use up funds earmarked for investment in the 2015 financial year.”

View the full list of properties here

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