House sold for just €25,000 at latest Allsop auction

Olivia Ryan

Published 23/10/2013 | 13:38

A licensed premises on Bridge Street was withdrawn before the auction started. Photo: Ken Finegan

A RANGE of Dundalk properties went under the hammer at a Dublin auction last week, with bidding on three homes starting at just €15,000.

The auction held by Dublin based firm Allsop Space which featured businesses, factories and houses around the country was advertised as including seven properties for sale in Louth.

In Dundalk, a number of high profile sales were expected, including a liecensed premises previously known as Custer's Bar and Cookhouse in Bridge Street

The public house at 80 Bridge Street, along with the second floor of 81 Bridge Street, had been scheduled to go under the hammer with a maximum reserve of €145,000.

However the sale of the popular pub failed to go ahead after it was withdrawn prior to the event.

A nearby mid-terrace premises at 5 Bridge Street, which used to house Emerald Displays, did go to one eager bidder for €52,000 – €17,000 above its reserve.

Three houses in two of Dundalk's largest estates were also sold.

These include 413 Beechmount Drive in Cox's Demesne which sold for €34,000, and in Muirhevnamor a house at 37 Doolargy Avenue went for €37,000. Another house at 43 Drive 2 in Muirhevnamor went for €25,000. All three homes were three bed properties and had reserves of €15,000 each.

Protesters descended on the venue, including the Dundalk Anti Eviction group who were amongst the protestors outside the event, with local campaigner Mark Fitzsimmons calling on people to boycott any business that was bought on the day.

Auction organisers Allsop said the protests were 'misguided' claiming that it was the only auctioneering firm to guarantee that it did not sell repossessed family homes.

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