Limerick property sells for €280,000 at Allsop auction

Anne Sheridan

Reporter:

Anne Sheridan

The latest Allsop auction had mixed results for Limerick
THREE Limerick properties sold at auction in Dublin yesterday, with one fetching €100,000 above its reserve.

THREE Limerick properties sold at auction in Dublin yesterday, with one fetching €100,000 above its reserve.

The contentious Allsop Space auction saw 115 lots go under the hammer yesterday- where bidders had to pay a €200 entrance fee for the first time to avoid protests in the auction house at the RDS.

Lot 20 was a long leasehold of 817 years on No 47 Parnell Street, a two-storey building which currently houses Dempsey’s pharmacy, which had a reserve of €180,000 and sold for €280,000.

A two-bed apartment on the fifth floor of Glenlara house, Mount Kennett, carried a reserve of €27,500 but sold for €36,000.

A retail unit on Upper Gerald Griffin Street sold for €20,000, below its reserve of €25,000. A three-bedroom apartment in Thomond student village on the Old Cratloe Road sold for its reserve of €25,000.

A house on Smiths Road, Charleville, remained unsold at €75,000.

The most expensive property on offer was a four-bed detached house in Kildare, near the famous K Club, for €800,000, which was unsold during the auction.

Independent TD Mattie McGrath criticised the latest auction, saying what’s “happening is nothing short of a scandalous infliction of brute force on struggling property owners.”