Three Limerick lots up in Allsop auction

The latest Allsop auction had mixed results for Limerick
THE latest Allsop Space auction to take place in December will feature three Limerick lots, writes Alan Owens.

THE latest Allsop Space auction to take place in December will feature three Limerick lots, writes Alan Owens.

The auction, to take place in the RDS in Dublin on December 10, is set to be Ireland’s biggest ever auction with 150 properties to go under the hammer.

The auction, which has a combined reserve of €20m, consists primarily of commercial and investment properties and organisers have re-iterated an earlier pledge not to sell repossessed family homes.

The three lots which hold a Limerick interest include the Specsavers’ unit in the city, a period house on Hartstonge Street and a two bedroom apartment on Lower Gerald Griffin Street.

The Specsavers unit is described as a freehold mid terrace retail investment with a reserve of €750,000.

A leasehold on a five bedroom mid terrace period house on Hartstonge Street has a reserve of €90,000, while a ground floor two bedroom apartment on Lower Gerald Griffin St has a reserve of €60,000.

The most recent Allsop Space auction in October saw 93 properties sold for a total value of €11.2m.

A leasehold on No 47 Parnell Street sold for €100,000 above reserve, while a two-bed apartment on the fifth floor of Glenlara house, Mount Kennett, sold for €36,000, above the reserve set at €27,500.