90 properties worth €27m to go under the Allsop hammer

Auctioneers, Allsop Space, today announced that it will once again break Irish auction records with 190 properties with a total guideline price of €27m to go under the hammer in the RDS, Dublin on February 25.

The 190 lots are a mixture of commercial, residential and land, and include 81 houses (the largest ever number), 17 apartments, 18 land lots, 30 retail/shops, 10 offices, one pub, 18 industrial and two housing developments.

The reserve on these properties is €27m, again a record breaking figure for an auction in Ireland. The true value will be decided on February 25 in the auction process.

Allsop Space Director of Auctions, Robert Hoban said “Once again the popularity of the Allsop Space open and transparent approach to selling and buying of property has been clearly demonstrated by the number of properties we are bringing to the open market on February 25 in Dublin.”

“The number of properties is so big that we have decided to begin the auction at 9 am in order to get through the auction process in an efficient and timely manner. Would-be buyers, sellers and other interested parties would be advised to arrive early at the RDS.”

“The level of interest in having properties sold through our auctions is continuing at an unprecedented level. Apart from the new commercial opportunities this sale will also see many more Irish families find new homes and others bring new life to businesses throughout Ireland. Employment will inevitably follow and this will continue the process of rejuvenation of communities, ” he said.

Mr. Hoban re-iterated the Allsop Space pledge that no repossessed family homes would be sold at any of their auctions, a pledge given to David Hall and the Board of the Irish Mortgage Holders Organisation and to many leading politicians. Source: Business World.