Five Limerick properties up in latest Allsop auction

Anne Sheridan

Reporter:

Anne Sheridan

Court
FIVE Limerick properties will go under the hammer at the next Allsop Space auction in the RDS in Dublin.

FIVE Limerick properties will go under the hammer at the next Allsop Space auction in the RDS in Dublin.

In all, close to 200 properties nationwide will go for sale on Wednesday next, October 22, just weeks after most successful auction to date with a combined reserve of €45m.

Eleven properties with reserves in excess of €1m each will feature on the day.

The Limerick properties include a retail unit, industrial development and a number of residential investment opportunities.

The Angler’s Rest bar and restaurant, with eight beds for B&B, is also up for auction for the reserve of €150,000 -€170,000.

The most expensive of the Limerick lots is IBS House, Clare Street, which has a reserve of between €700,000 – €740,000.

This prominent mixed use investment building comprises four office units, together with 10 apartments extending to approx. 908 sq. m. The property is arranged over ground and three upper floors to provide a prominent detached mixed-use building.

On the Dublin Road, eight apartments will be sold collectively as one lot for a reserve of €380,000.

Lot 97 features apartments 13, 14, 39, 40, 42, 43, 50, 69 in Park View Hall, Dublin Road, comprising six three-bedroom apartments, and two two-bedroom apartments with communal gardens and parking.

Number 20 St Joseph’s Street, a mid terrace three-bedroom house, has a reserve of €95,000. Extending to approximately 98,2 sq. m, the property is arranged over two storeys beneath a pitched roof with garden to the rear.

Lot 4 is unit 8 Eastlink Business Park, Ballysimon Road, a warehouse unit extending to approx. 554 sq. m.

The property is arranged over ground and part first floors to provide a mid terrace warehouse unit. Internally the property comprises of food preparation areas and cold storage rooms at ground floor level together with office accommodation, storage, kitchenette and w/c at mezzanine level. The reserve range on the property is set at €65,000 – €75,000.

Lot 178 on Main Street, Askeaton, is a mixed use building extending to approx. 278 sq. m. The property is arranged over ground and first floors to provide a mixed-use building together with a site. Internally the property is arranged to provide two ground floor retail units and four apartments together with a partially constructed site. The reserve on the property is set at €40,000.

In September, Allsop Space sold the largest number of properties in one day in Ireland for a total of €54.5m, the majority of which were non-distressed properties. “With this new sale now scheduled for October we believe it to be a clear reflection of the strengthened demand and excitement in the property market. Our sellers are taking advantage of the sharp increase in appetite for quality investments, by bringing to the market the largest number of million-plus euro properties we have seen to date. We hope this will further bridge the gap between supply and the well documented demand for property nationwide,” said Robert Hoban, director of auctions, Allsop Space.