PROPERTY AUCTIONS IN IRELAND IN 2012.
An Allsop Space auction of 127 lots takes place on the 3rd October. O'Donnellan Joyce auction over 20 Galway properties on 28th September.
Allsop Space Property Auction 3rd October 2012
O'Donnellan Joyce 28th September Auction
NAMA has previously stated that it will not have a "giant" public auction of the properties linked to the loans it controls. However, NAMA has said that it might "encourage" developers to sell properities by auction. Depending on the numbers involved, developers may sell properties through established auction houses, or if enough properties are involved, under their own names.
Upcoming property auctions in 2012 include, on January 26th, a sale of 11 townhouses located in Cappoquin, County Cork, to be held at the Park Hotel, Dungarvan, County Waterford.
O'Donnellan & Joyce will hold an auction on February 24th,
2012, in Galway. In 2011, they claimed a selling sucess
rate of 73 houses sold (out of 79 offered).
Another auction will be held on 30th March.
Property Auctions Galway O'Donnellan Joyce 30th March
Another auction will be held on 20th July.
Property Auctions Galway O'Donnellan Joyce 20th July
1st March 2012 sees the first of 5 planned Allsop Space auctions, at the Shelbourne Hotel, Dublin. Allsop Space held 4 auctions in 2011, with a claimed selling rate of 92 percent (314 properties).
100 lots are on offer for this first auction, in locations across Ireland. They range in reserve price of € 650,000 for a 55 bedroom hotel on 3.21 acres in Rossnowlagh, Co. Donegal down to a € 7,500 reserve price for a 2 bedroom cottage in Carrigallen, Co. Leitrim. (Withdrawn Before Auction).
The next Allsop Space auction will be held on the 3rd October 2012.
Allsop Space Sales Prices Achieved Auction March 1st 2012
The 3rd May 2012 sees the second of 5 planned Allsop Space auctions, at the Shelbourne Hotel, Dublin. 106 lots are on offer, spread across Ireland.
26 of the lots are commercial development sites and properties, including five pubs and Darby O' Gills Hotel in Killarney, (with a reserve price of € 515,000).
Retail, industrial and office space is also on offer, with the smallest office in Kenilworth Park, Dublin 6, with a
€ 15,000 reserve price.
Allsop Space Auction May 3rd 2012 Prices Achieved
Allsop Space Auction July 6th 2012 Sales Prices Achieved
Merlin Property plan to hold an auction in the Radisson BLU Royal Hotel, Golden Lane, Dublin 8 on May 22nd 2012. In November 2011, their first property auction sold 2 houses out of a total of 10 properties.
O'Donnellan Joyce & Merlin Property Auctions May 2012
Wilson Auctions plan an auction "in early 2012" in Citywest, Dublin of around 50 properties.
Gunne Estate Agents have plans for between 6 and 8 auctions in 2012, with some of these auctions concentrating on selling property located in the north east of Ireland.
This summary is based on a recent Irish Times article.