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Dublin: 13 °C Sunday 21 December, 2014

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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