Over 150 houses, apartments and commercial properties will go under the hammer at the next Allsop auction on Thursday 30th June at the RDS Concert Hall, commencing at 9am.
The total value reserved for properties is almost €30m. For the first time Allsop are including a section for Allsop Private which will take place mid-morning.
At the launch of the Allsop catalogue, Robert Hoban, Commercial Director & Auctioneer commented: “In this latest catalogue, we have assembled over 150 lots in total. A strong Dublin showing sees a large portion of the 61 houses and 13 apartments located in the greater Dublin area. A number of land lots will provide opportunity for the developer and speculator.”
Richard O’Neill, Head of Allsop Private & Auctioneer commented: “We are extremely pleased to offer this selection of 25 properties at an average lot size in excess of half a million euro. The section comprises a bespoke selection of highly desirable city centre investments and multi-family portfolios. We anticipate that the strength of locations and the potential income streams on offer will appeal to a broad range of private and professional investors.”
Allsop Private
There are 24 properties in this segment (Lots 20-44) focussing on higher value commercial investments and multi-unit residential premises. The Allsop Private section provides a total value on reserve of €13.5m and an average lot size of €540,000.
Over 70% of the lots are located in Dublin. Office highlights include two offices in the ever popular Grand Canal Docks – Lot 20, 7 Clanwillian Square, offers 3 floors of office space extending to extending to approximately 156 Sq.m with annual rental of €48,000, reserve range €565,000-€655,000 and Lot 26, 4 Clanwilliam Square, a mid-terrace office extending to 148 Sq.m and let to Marketing People at a rent of €35,000 per annum, reserve range €485,000-€555,000; in Navan over 879 Sq. m of offices are let on a brand new five year lease to the HSE with Current Rent Reserved €130,000 per annum. The new lease has been put in place following the expiration of the HSE’s previous 9 year & 9 month lease from November 20005, reserve range €975,000 - €1,150,000.
Retail highlights include 7 x retail units split into two lots in Dublin 8 – lots 34, four city centre retail properties for sale as one lot on Patrick Street with annual rental income of €65,014 per annum, reserve range €580,000 - €640,000; and lot 38, three retail properties for sale as one lot on Dean Street, Total Current Rent Reserved €54,000 per annum; reserve range €480,000 - €540,000.
A prime restaurant investment in Temple Bar also features in the Allsop Private auction. It islet to the well-known Pintxo Pincho Ltd t/a The Port House Pintxo on a 25 year lease from 2007 with a rental income €45,000 per annum at a reserve range of €580,000 - €610,000.
On the residential side, investment properties include portfolios of houses and apartments in Dublin and Kildare. Highlights include a portfolio of 11 apartments arranged to provide 4 x one bedroom, 5 x two bedroom and 2 x three bedroom apartments in Meakstown, Dublin 11, rental income is €103,200 per annum with vacant possession of 2 x one bedroom apartments and 1 x two bedroom apartment, reserve not to exceed €1,1000,000; an unbroken terrace of four houses together with a corner site in Dublin 8, with rental income of €58,800, reserve range €740,000-760,000; and 8 self-contained units on Upper Clanbrassil Street with rental income of €60,660, reserve range €500,000-€600,000.
Residential & Investment
This catalogue also offers a broad range of houses and apartments located nationwide, a selection of multi-unit investment properties, together with a selection of commercial investments and owner occupier units.
The Dublin highlights include a mid-terrace five bedroom house near the North Circular Road, reserve not to exceed €325,000; a three bedroom semi-detached house in Castleknock, reserve not to exceed €310,000; a vacant end of terrace three bedroom house on South Circular Road, reserve not to exceed €250,000; a one bed apartment in Sandyford, reserve not to exceed €190,000; a fourth floor one bedroom apartment on Ushers Island, Dublin 8, reserve not to exceed €120,000; and a first floor one bedroom apartment in Kilmainham, reserve not to exceed €115,000.
There are several multi-unit residential investment opportunities around the country including a mixed-use development comprising 10 apartments and 2 retail units in Ballyshannon, reserve not to exceed €360,000; a portfolio of 6 apartments, each providing two bedroom accommodation in Mallow, reserve not to exceed €325,000; and a portfolio of 6 x two bedroom apartments in Limerick, reserve not to exceed €300,000.
