Apartments and swish redbricks on offer in third mass auction
The latest sale of distressed property by Allsop Space takes place in Dublin tomorrow and interest is high, writes EDEL MORGAN
THE RESERVE prices are tantalisingly low but the line-up of property in the third Allsop/Space distressed auction tomorrow at Dublin’s Shelbourne hotel isn’t quite as stellar as for their previous sales.
This time there are fewer headline-grabbing period houses on sought-after Dublin roads and more apartments and commercial buildings – at the last Allsop/Space auction in July two of the biggest sellers were a large period house on Ailesbury Road in Dublin 4 and a redbrick on Iona Road in Glasnevin, Dublin 9 .
“Every auction is different but we do try to balance the types of property,” says Robert Hoban, associate director of Space, who says there are “some nice redbricks in Dublin 6” in the auction.
Of the 74 lots, more than half are in Dublin, with reserves low enough to entice investors out of the woodwork. Space says its online auction catalogue has had over 65,000 hits from prospective buyers in 122 countries, so they are expecting overseas buyers. “There’s been a similar pattern to the previous auctions in terms of the numbers looking at the catalogue but there seem to be more serious buyers this time as opposed to curious onlookers,”says Hoban,
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