Allsop launch first online auction of 2016

Allsop launch first online auction of 2016

Allsop have announced the launch of the March Allsop Online Auction, which will take place on their website from 8am on Wednesday March 16th.

There are over 60 properties with a total reserve of over €7m available to purchase online.

This auction features a largely residential offering but there are also a number of commercial properties and parcels of land going under the virtual hammer, located nationwide.

25% of the properties are located in Dublin and include attractive city centre and suburban apartments. Highlights include a vacant ground floor three bedroom apartment extending to approximately 78 sq. m (839 sq. ft) in a gated development in Drumcondra, reserve range €285,000 – €295,000; a vacant first floor two bedroom apartment extending to approximately 61 sq. m (656 sq. ft), subject to a tenancy with an income of €15,000 per annum in Westland Square off Pearse Street, reserve range €255,000 – €265,000; a first floor two bedroom apartment extending to approximately 58 sq. m (624 sq. ft) in the Blind Quay development in Temple Bar, reserve range €175,000 – €185,000;  and a third floor two bedroom apartment extending to approximately 59 sq. m (635 sq. ft), with rental income of €9,600 per annum, reserve range €145,000 – €155,000.

There are 4 multi-unit residential properties for sale located in Limerick, Cork, Waterford and Donegal. Highlights includes an investment block with 6 apartments fully rented in Upper John Street, Cork and with a total current gross rent reserved of €56,184 p.a., reserve range €500,000 – €520,000; and a portfolio of 20 x three bedroom student apartments on the Old Cratloe Road, Limerick with a total current gross rent reserved €98,460 per academic year, reserve range €450,000 – €500,000.

Appealing family homes throughout the country provide a great opportunity for home owners and investors alike. Highlights include a detached three bedroom house extending to approximately 125 sq. m (1,345 sq. ft), reserve range €245,000 – €255,000; a semi-detached three bedroom house extending to approximately 83.6 Sq. m (900 Sq. ft) in Carigaline, reserve range €195,000 – €205,000 and a semi-detached three bedroom house in located in a private estate with access to shared berths onto the river Shannon in Killaloe, reserve range €145,000 – €155,000.

There are 5 commercial online investment opportunities which include retail and industrial properties featuring a modern warehouse unit in Rathcoole, reserve range €75,000-€85,000; a modern warehouse unit on the Old Mallow Road, Cork, reserve range €75,000-€85,000; and a ground floor retail unit in Athlone, reserve range €50,000-€60,000.

Ellen Prenderville, Online Auctions, Allsop commented: “Our first online-only auction of 2016 offers investors and owner occupiers a range of commercial and residential investments throughout Ireland, available through our unique stress-free online bidding platform.

“Throughout 2015, the popularity of our online auction grew significantly with each auction. Over 1,000 bidders took part in 2015. We anticipate that the expanded variety of lots on offer will help further grow its popularity. The introduction of commercial property into the online auction catalogue is a new development for 2016.”

Check out the residential lots here and the commercial lots here.

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