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Biggest property auction yet - This time with a golf course and four storey office block

The auction at the RDS Concert Hall in Dublin will have 150 properties with a combined valuation of about €23 million.

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(Pic: Allsop Space)

A GOLF COURSE and a four storey office block are among the lots being sold at an auction next week being descibed as “record breaking” by organisers.

The auction will be held next week at the RDS Concert Hall in Dublin and will have 150 commercial and residential properties with a combined valuation of about €23 million.

The public auction is being held by Allsop Space with the venue being changed after a similar auction in July was abandoned after protestors from various groups gained access to the auction room forcing organisers to halt the proceedings.

Protests also took place at an Allsop auction at the RDS last month with the auctioneers having to confirm that no repossessed homes had been sold.

Ahead of next Tuesday’s auction, Allsop have reiterated that no repossessed family homes would be sold at any of their auctions.

The most expensive property being sold is a €2.8 million valued four storey office block in Limerick, River House on Charlotte Quay. The property is currently being occupied entirely by the Office of Public Works at an annual rent of between €340,000-€370,000 a year. The current lease with the OPW lasts until 2022.

Another of the notable lots set to go under the hammer is an 18-hole golf course together with a golf club, practice area and pitch and putt course. Woodlands Golf Course situated north west of Naas, Co. Kildare is on a 127 acre site and has a current tenancy agreement that expires at the end of this month.

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Woodlands golf course and golf club. (Pic: Allsop Space)

The most expensive residential house up for grabs in the auction is a five-bedroom semi-detached period home (top picture) on the Lower Drumcondra Road which has a reserve of between €500,000-€550,000.

The auction catalogue shows that about 90 out the properties up for sale are available at under €100,000.

The auction takes place next Tuesday 10 December 10th with registration beginning at 9 AM and the auction itself at 11 AM.

Read: ‘I didn’t do anything wrong’ – Meath man protests auction of family business >

Read: Clare hotel and Dublin Georgian house in distressed property auction >

Read: Dublin property prices up 15 per cent as rest of country shows some positive signs >

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30 Comments
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    Mute The SinisterFringe
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    Jan 8th 2015, 7:08 AM

    The registration of new companies is due to the number of people being hired as contractors, a move designed to ensure large companies can avoid laws such as having to pay redundancy and pensions. Essentially and erosion of workers rights.

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    Mute Oisín O'Connor
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    Jan 8th 2015, 9:21 AM

    Also, “Real Estate” companies are not necessarily a reflection of economic activity. Just the beginning of another property boom. Big investors taking no debt risk by setting up companies in tandem with the banks as they all know that risk is relative to the next bailout they get.

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    Mute David
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    Jan 8th 2015, 6:19 PM

    If anyone that setup one of those companies reads this – I wish you the best of luck

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    Mute little jim
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    Jan 8th 2015, 11:12 PM

    And can I have a job?

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    Mute james comiskey
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    Jan 8th 2015, 11:36 AM

    This is clearly good news and can’t be chalked down to job bridge but the doom merchants still find a way to be negative . There are plenty of things to complain about without jumping on positive news stories . I know of plenty of start ups that have come into existence in the last 12 months and I’m also aware of the contractors working for multinational companies . Many of these contracts are quite lucrative as they compensate for the lack of security in tenure .

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    Mute Chris Kirk
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    Jan 8th 2015, 6:09 PM

    It is worrying that there isn’t more manufacturing industry created given that this is where the potential export market is.

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    Mute Bernie Linnane McBride
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    Jan 8th 2015, 6:47 PM

    Also worth bearing in mind that all new businesses are companies. Plenty of other business models out there.
    Sole traders, partnerships etc. also create jobs and contribute to the economy.

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    Mute Bernie Linnane McBride
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    Jan 8th 2015, 7:02 PM

    I meant to say NOT all new businesses are companies.

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    Mute SKYtext
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    Jan 8th 2015, 7:24 PM

    OMG property is tops again “The new house advertised is 5 minutes from shopping (if you have an airplane)!!”

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    Mute Paudi Onail
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    Jan 8th 2015, 1:04 PM

    yea, Mission Possible, could do with a rebrand alright. good heavens save us. scary.

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    Mute Ibhar Mac Suibhne
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    Jan 9th 2015, 4:41 AM

    I wish new start ups all the best but alas this seems like another property bubble…. This Govt just like the last Govt needs to really perk up and listen to this big scary word : S U S T A I N A B I L I T Y !

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