Allsop Space Release The Largest Auction Catalogue in History

PRESS RELEASE
8 th November 2011
Allsop Space Release The Largest Auction Catalogue in History
- Also Confirmed Plans for 2012 -
Allsop Space has announced details their final property auction of 2011, which is to feature
the largest number of property at auction in Irish History.
The fourth Allsop Space auction of 2011 will feature a massive 112 lots and will take place on
Wednesday, 30 November in the Shelbourne Hotel, Dublin.
According to Director of Allsop Space, Stephen McCarthy, “The November auction will pave
the way for 2012. We plan to feature more lots at each individual auction next year. The
figures from our last auction speak for themselves. €10 million was realized. Over 80% of
those buying at auction are without bank finance which highlights that there are still plenty of
domestic and overseas buyers in a position to invest in property in Ireland.”
Mr McCarthy continues “Interestingly, almost a third of purchasers were owner occupiers,
demonstrating that the current market is not just for the investor. These auctions can only
help stimulate the market and encourage property transactions again.”
The bumper November auction is to feature a mix of Dublin and countrywide residential and
commercial properties – The property mix is likely to appeal to all types of buyer, including
first-time buyers, those trading up or down, and investors, both domestic and international.
Gary Murphy, Auctioneer and Director of Allsop Space comments “We believe that large
scale public auctions will continue to play an important part in the changing Iandscape of Irish
property transactions. “
Mr Murphy continued “The transparency of the method has become widely appreciated since
our inaugural sale in April this year. Allsop Space is rapidly establishing a public data bank of
real sales evidence. In the absence of a national sales registry, this information is becoming
increasingly important to home owners and property professionals. Rental yields can now be
usefully calculated using prices paid. For the first time, prospective investors are able to make
informed buying decisions and to monitor and assess the relative performance of different
properties and alternative asset classes.”
Notable residential lots which will appeal to overseas buyers include:
Lot 110 Shercock 16 Lough Sillan Lodge, Co. Cavan
A freehold detached four bedroom house with access to Tennis Court and Marina with
Slipway.
RESERVE PRICE NOT TO EXCEED
€50,000

Lot 77 16 Harbour View, Tarmon Harbour, Termonbarry
A freehold end terrace house with marina views, to be sold with a leasehold marina berth.
RESERVE PRICE NOT TO EXCEED
€90,000
Lot 2, Number 5 The Corn Exchange Dublin 2
An unusual 2 bedroom duplex apartment in a converted bank overlooking the Liffey
RESERVE PRICE NOT TO EXCEED
€120,000

Combined Reserves:
€10.4 million
Most Expensive Lot:
174 Pembroke Road, Ballsbridge, Dublin 4.
Mid terraced building arranged to provide two restaurant premises.
Reserve not to Exceed: €475,000
Least Expensive Lot:
0.05 Acre Site at Childers Road, Ennis, Co. Clare.
Reserve not to Exceed: €7,500
Most Expensive House:
13 Garville Road, Rathgar, Dublin 6
End of terrace period house in 8 residential units.
Reserve not to Exceed: €420,000
Least Expensive House:
53 Beechwood Park, Convoy, Co. Donegal
Three bedroom semi-detached house
Reserve not to Exceed: €21,000
Least Expensive Apartment:
Apartment 31 Harbour Court, Mullingar, Westmeath
Two bedroom apartment with €5,100 per annum income
Reserve not to Exceed: €25,000
The Allsop Space Property Auction will take place on Wednesday 30 November at the
Shelbourne Hotel. The catalogue is available from tomorrow, Wednesday, 9 November at
www.allsopspace.ie or by calling the Allsop Space catalogue line on 1590 415 845 or texting
auction to 57800 (ROI).
Allsop Space are also taking the opportunity to announce a commitment to five auctions in
2012, the first of which will take place in March. For the year to date, Allsop Space have sold
214 out of 231 lots achieving a success rate of 92.6% raising a total of €40 million.
Notes to Editor
About Allsop LLP and Space
Allsop Space is a property auction partnership between Allsop, the UK's most successful
property auctioneer and Space, a Dublin based property consultancy. The partnership
provides a leading property auction service for distressed and private property across the
Republic of Ireland with an average success rate to date of 92.6%.
www.allsop.co.uk
For more information please contact Jennifer Mortimer
E: Jennifer.mortimer@allsop.co.uk
DD: +44(0)20 7543 6728
M: +44 (0)7825 247 328