BidX1 has announced details of its latest auction, which will be Europe’s largest online auction to date. Over 380 properties are going under the virtual hammer across three days – 30th May, 31st May and 1st June.
Jonathan Fenn, Director at BidX1, commented: “We’re kicking-off our three-day auction with the residential catalogue, headlined by two Victorian properties overlooking one of South Dublin’s most coveted locations, Grosvenor Square in Dublin 6. Northside, the stunning beachfront views provided by two residential sites in Robswall, Malahide, should attract plenty of interest.
"No less than 82 apartments are on offer – more than a quarter of the catalogue – so the auction should provide an interesting addition to recent commentary on the popularity of this asset class. Of course, our catalogues are also well-known for their variety and we’re always pleased to offer unique properties through the online auction! The landmark Shanagarry Chimney in Milltown, the only remaining part of the former Dublin laundry, is one such property.”
A retail investment on Cork’s premier shopping street – 122 St. Patrick’s Street – headlines the commercial offering. The ground and first floor are let to Schuh and generating €180,000 annually, while further asset management potential is provided by the vacant second and third floor. The property is guiding €1,650,000.
Back in the capital, an interesting lot is being offered - 45% of a retail unit on North King Street let to the well-known Musgrave Group, guiding €620,000.
Numbers 13 and 64 Grosvenor Square in Dublin 6, reserved at €840,000 and €800,000 respectively, are headlining the selection of family homes. Requiring refurbishment, these attractive red-brick properties present a rare opportunity to acquire a Victorian property overlooking one of South Dublin’s most coveted squares.
Further attractive opportunities include Sillan Lodge, a derelict house in Greystones on 0.192 acres.
More than a quarter of the catalogue is comprised of apartments, both tenanted and vacant. South Dublin and City Centre lots carry the highest reserves, leading with a one bedroom apartment at Gallery Quay in popular Grand Canal Dock. Generating €21,600 per annum in rental income, the property is reserved at €350,000. Across the river in the busy IFSC, a vacant two bedroom apartment is being offered with a reserve of €315,000. South Dublin highlights include a one bedroom apartment on Sussex Road in highly desirable Dublin 4, also reserved at €285,000.
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