FOURTEEN lots of properties in Limerick valued at over €1.1m will go up for auction in the next Allsop Space auction in Dublin, among nearly 200 properties with a combined reserve of €27m.
Robert Hoban, director of auctions at Allsop Space, said the number of properties is so big that they have decided to begin the auction at the earlier time of 9am in the RDS on February 25 “in order to get through the auction process in an efficient and timely manner.
“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,” said Mr Hoban.
The December sale resulted in €24m in sales from 140 properties which broke the then Irish record.
Mr Hoban re-iterated the company’s pledge that no repossessed family homes would be sold at any of their auctions.
The 190 plus lots are a mixture of commercial, residential and land, and include 81 houses, 17 apartments, 18 land lots, 30 retail/shops, 10 offices, one pub, 18 industrial and two housing developments.
Among the properties in county Limerick up for sale include three, three-bedroom houses in Deel Manor, Askeaton, with reserves ranging from €45,000 to €75,000.
Four three bedroom apartments in Thomond Student Village, Old Cratloe Road, are being sold as one lot, and have a reserve of €100,000.
In the city, a four-bedroom semi-detached house in Mayorstone has been put up for auction for a reserve of €115,000.
Among the “investment opportunities” include Lissadell House, 8 Catherine Place, which has a reserve of €140,000.
The mid-terrace Georgian building is internally arranged to provide eight residential units and two office units
Among other lots are a three-bedroom property - 9 Wolfe Tone Street - a mid-terrace house, which has a reserve of €50,000, and includes a one-bedroom apartment. The property has a current rent of €9,900.
An “investment” office at Mount Kennett Place, at the corner of Henry Street, has a reserve of €180,000. Two offices will be offered together in one lot, and between them they have a combined annual rental income of €47,028.
A warehouse unit in the Eastway Business Park on the Ballysimon Road has a reserve of €40,000.
An office, covering 6,383 sq. ft, on the third floor of Mahon House on William Street has a reserve of €65,000.
Two adjoining derelict mixed use buildings on Parnell Street, totalling 3531 sq. ft, have been put up for auction for a third time, for a reserve of €30,000.
A five-bedroom, mid-terrace period house on Hartstonge Street has been put up for auction for €70,000. Covering 1,518 sq. ft, it includes a reception room, dining room, kitchen, utility room, five bedrooms, and the main bathroom.