Sunday 20 April 2014

Allsop auction: Limerick city office block sells for over €3m

Community group from Trim want to buy back their community centre

A Limerick city office block has sold for over €3m in the latest Allsop auction today.

The auction was attended by approximately 1,000 people.

The building already has a tenant in the Office of Public Works and is located on Charlotte Quay, Limerick.

The quayside city centre location comprises a ground floor entrance Lobby and four storeys of offices extending to approximately 3,307 square metres.

Earlier, an 18 hole golf course sold for €650,000 as one of the country's biggest auctions got underway at the RDS in Dublin.

Woodlands Golf Course, on 127 acres including a pitch and putt course and practice area, is located at Cooleragh, Coill Dubh, Naas, Co Kildare was among 150 lots up for grabs have a combined reserve of €20m and comprise of mainly commercial and investment properties.

A building which comprised of laundrette and three two bedroom apartments on Cork St, Dublin 8, sold for €495,000.

Charlotte Quay, Limerick sold for just over €3m

Meanwhile, a takeaway on Mary's St, Galway, withdrawn as it didn’t reach the reserve of €250,000.

A mixed use building retail unit with three apartments in Harold's Cross in Dublin sold at reserve price €585,000 while there were no bids on Soden's Public House in Ballyjamesduff Co. Cavan. It had a reserve price of €85,000.

In addition, a six storey office building on Reuben street Dublin went for €335,000 and a petrol station on the Main Street in Ashford, Co Wicklow was sold for €360,000.

Other properties attracted little interest including a retail unit in Templemore Co Tipperary, which was withdrawn at €80,000.

The Allsop Space auction was due to begin at 11am, but was delayed for 15 minutes as staff processed a large queue of potential bidders through strict security checks.

But there was disappointment for a community group from Trim, Co Meath after a community building was thdrawn at reserve €195,000 despite their offering €100,000 to buy it.

An Allsop Space auction held at the Shelbourne Hotel in July had to be called off due to disruption from protesters.

Today the Allsop Space Director of auctions Robert Hoban reiterated his company's pledge to not sell repossessed family homes.

Joanna Kiernan

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