Over 150 properties to be sold at latest Allsop auction

Over 150 houses, apartments and commercial properties will go under the hammer at the next Allsop auction on Thursday 30^th June at the RDS Concert Hall, commencing at 9am.

The total value reserved for properties is almost €30m. For the first time Allsop are including a section for Allsop Private which will take place mid-morning.

At the launch of the Allsop catalogue, Robert Hoban, Commercial Director & Auctioneer commented: “In this latest catalogue, we have assembled over 150 lots in total. A strong Dublin showing sees a large portion of the 61 houses and 13 apartments located in the greater Dublin area. A number of land lots will provide opportunity for the developer and speculator.”

Richard O'Neill, Head of Allsop Private & Auctioneer commented:  “We are extremely pleased to offer this selection of 25 properties at an average lot size in excess of half a million euro. The section comprises a bespoke selection of highly desirable city centre investments and multi-family portfolios. We anticipate that the strength of locations and the potential income streams on offer will appeal to a broad range of private and professional investors.”

Allsop Private

There are 24 properties in this segment (Lots 20-44) focussing on higher value commercial investments and multi-unit residential premises. The Allsop Private section provides a total value on reserve of €13.5m and an average lot size of €540,000.

Over 70% of the lots are located in Dublin. Office highlights include two offices in the ever popular Grand Canal Docks – Lot 20, 7 Clanwillian Square, offers 3 floors of office space extending to extending to approximately 156 Sq.m with annual rental of €48,000, reserve range €565,000-€655,000 and Lot 26, 4 Clanwilliam Square, a mid-terrace office extending to 148 Sq.m and let to Marketing People at a rent of €35,000 per annum, reserve range €485,000-€555,000; in Navan over 879 Sq. m of offices are let on a brand new five year lease to the HSE with Current Rent Reserved €130,000 per annum. The new lease has been put in place following the expiration of the HSE's previous 9 year & 9 month lease from November 20005, reserve range €975,000 – €1,150,000.

Retail highlights include 7 x retail units split into two lots in Dublin 8 – lots 34, four city centre retail properties for sale as one lot on Patrick Street with annual rental income of €65,014 per annum, reserve range €580,000 – €640,000; and lot 38, three retail properties for sale as one lot on Dean Street, Total Current Rent Reserved €54,000 per annum; reserve range €480,000 – €540,000.

A prime restaurant investment in Temple Bar also features in the Allsop Private auction. It islet to the well-known Pintxo Pincho Ltd t/a The Port House Pintxo on a 25 year lease from 2007 with a rental income €45,000 per annum at a reserve range of €580,000 – €610,000.

On the residential side, investment properties include portfolios of houses and apartments in Dublin and Kildare. Highlights include a portfolio of 11 apartments arranged to provide 4 x one bedroom, 5 x two bedroom and 2 x three bedroom apartments in Meakstown, Dublin 11, rental income is  €103,200 per annum with vacant possession of 2 x one bedroom apartments and 1 x two bedroom apartment, reserve not to exceed €1,1000,000; an unbroken terrace of four houses together with a corner site in Dublin 8, with rental income of €58,800, reserve range €740,000-760,000; and 8 self-contained units on Upper Clanbrassil Street with rental income of €60,660, reserve range €500,000-€600,000.

Residential & Investment 

This catalogue also offers a broad range of houses and apartments located nationwide, a selection of multi-unit investment properties, together with a selection of commercial investments and owner occupier units.

The Dublin highlights include a mid-terrace five bedroom house near the North Circular Road, reserve not to exceed €325,000; a three bedroom semi-detached house in Castleknock, reserve not to exceed €310,000; a vacant end of terrace three bedroom house on South Circular Road, reserve not to exceed €250,000; a one bed apartment in Sandyford, reserve not to exceed  €190,000; a fourth floor one bedroom apartment on Ushers Island, Dublin 8, reserve not to exceed €120,000; and a first floor one bedroom apartment in Kilmainham, reserve not to exceed €115,000.

There are several multi-unit residential investment opportunities around the country including a mixed-use development comprising 10 apartments and 2 retail units in Ballyshannon, reserve not to exceed €360,000; a portfolio of 6 apartments, each providing two bedroom accommodation in Mallow, reserve not to exceed €325,000; and a portfolio of 6 x two bedroom apartments in Limerick, reserve not to exceed €300,000.

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