Auction specialists Allsop Space have launched a private treaty service.
According to The Irish Times, the company will now give vendors the option of selling their properties by private treaty by a pre-defined date, typically between three and six months, and if a sale has not transpired in that timescale then it will go to auction.
The new company, Allsop Space Commercial and Investment, says the combination of both methods of sale would offer the vendor a unique package that ensured best possible price and a carefully planned disposal strategy with clearly defined timelines.
Since July 2011, Allsop Space have sold 1,192 properties in Ireland with a combined value of more than €164 million – a 93% success rate.
The new private treaty company will be run by Robert Colleran and Bryan Garry and will initially target properties valued at between €500,000 and €2 million in the Dublin area.
The first three investments going for sale by private treaty are a parade of shops in Stillorgan, a bank branch in Pearse Street and a mixed use building at Lower Kilmacud Road.