Ireland’s largest property auction to date was held yesterday in the RDS in Dublin involving 123 commercial and residential properties being sold for a total of €24m.
Allsop Space held the auction, which included a Limerick City Centre complex occupied by the Revenue Commissioners going for €3.25m. It had previously been on sale with an in international estate agent, which resulted in a highest offer of €2.8m.
Other highlights included Woodlands Golf Club in Co Kildare being sold for €650,000, Ashford Filling Station in Co Wicklow going for €360,000 and the Dun Laoghaire pub previously known as Gilbert & Wright’s getting a sale price of €650,000.
Blocks of apartments in Cork City and Delgany, Co Wicklow, a five-bedroom house and a hotel suite at Grand Canal Hotel in Dublin were also snapped up. Over 1,000 people were in attendance.
Robert Hoban, director and auctioneer, said demand for the properties at the auction was “very brisk” and demonstrated that there is a vibrant property market.
“It also means that some of these properties that have lain vacant will now have people living and working in them again.”