Record sales achieved at Allsop Space auction

Record sales achieved at Allsop Space auction

A previous Allsop Space auction

Allsop Space said it posted new record sales figures of €38.5m at a property auction in the RDS yesterday.

In total, 131 properties were sold. Five of the sold properties had reserves of more than €1m. Pre-auction sales amounted to more than €6m.

“We knew that today’s figures would be strong, with a lot of pre-auction interest,” said auction director Robert Hoban. “We were still very encouraged by the strength of interest coming from Irish bidders who dominated the market today.

“Interest wasn’t limited to Irish based buyers, when we had four telephone bidders for a commercial property in Mallow with bids coming from New York, London and two from Cork. After a four- waybattle the London caller, with ties to Mallow, emerged as the successful bidder.  “

Significant sales results included Permanent TSB in Sligo for €2,400,000; a commercial premises in Stillorgan for €1,007,000; Advance Pitstop and An Post units, Mallow, Co Cork for €1,550,000; a garage/ workshop on Liberty Lane, Dublin 8, for €185,000; the Deadman’s Inn in Palmerstown for €410,000; units 1, 2 and 3 in the Cashel Retail Park in Co Tipperary for €700,000  (reserve €150,000-200,000); the Drake Inn in Dublin for €620,000 (reserve €450,000-490,000); and a commercial mixed use building Capel St, Dublin 1 for €1,425,000 (reserve €950,000-1,000,000).

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