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Nicole Pomeroy

Impressive Selection of Multi-Family Investment Properties on Offer at Allsop’s November Online Auction

18 October 2016 / News
Lot 20: 1-15 Lough House View, Tullamore, Co. Offaly. RESERVE RANGE €900,000 - €1,000,000.

Allsop have launched the catalogue for their November Online Auction and all of the properties can be viewed here. Over 130 residential and commercial properties with a total reserve of over €20m are going under the virtual hammer on Thursday 3rd November. Bidding will open at 8am and a lot will close every three minutes until 5pm.

Ellen Prenderville, Online Auctions, commented: 

“The range of properties in our most recent auction catalogue provides opportunities for investors and owner-occupiers alike. Attractive yields are on offer for multi-family investments in prime urban locations such as Dublin and Cork. The success achieved at our Online Auctions to date is proof that buyers value the transparency and ease of buying property online.”

100 residential properties have been picked for the November catalogue with a total reserve of over €14m. Allsop auctions so far this year have highlighted a keen appetite for multi-family lots and the impressive selection of multi-unit residential investments in this latest catalogue will undoubtedly draw interest from investors. Attractive yields and a wide range of locations nationwide make this an exciting opportunity for investors seeking asset management and development opportunities. The multi-unit selection is fronted by Lot 20, an unbroken development of 15 houses in Tullamore with an annual rent of €86,292. The lot comprises 7 x two bedroom terraced bungalows, 7 x three bedroom terraced bungalows and 1 x three bedroom bungalow and carries a reserve range of €900,000 - €1,000,000.

Other multi-unit highlights include a portfolio of 11 x two bedroom apartments on Dublin Road in Dundalk with an annual rent of €98,400 which is reserved at €900,000 - €950,000; a portfolio of seven apartments on Henry Street in Cork with an annual rent of €69,900 and a reserve range of €770,000 - €780,000; an unbroken terrace of four houses in Dublin 8 with a reserve range of €575,000 - €625,000; and a complete development of six residential units in Dunmore East, Co. Waterford which is reserved at €565,000 - €580,000.

Investors will also find a range of buy-to-let opportunities in the many apartments going under the hammer on 3rd November. Highlights include a ground floor three bedroom apartment on Herbert Road, Bray with a reserve range of €280,000 - €320,000; a first & second floor three bedroom duplex apartment on Dock Road in Galway with a reserve range of €205,000 - €215,000; a ground floor two bedroom apartment on Ushers Quay in Dublin 8 with a reserve range of €205,000 - €215,000; and a first floor two bedroom apartment in Smithfield, Dublin 7 reserved at €185,000 - €195,000.

Other residential highlights include a semi-detached four bedroom house in Ballinteer, Dublin 16 with a reserve range of €410,000 - €420,000; a semi-detached three bedroom house in Leixlip reserved at €240,000 - €250,000; a semi-detached four bedroom house in Dunboyne with a reserve range of €245,000 - €255,000; and a semi-detached three bedroom house in Kinsealy carrying a reserve range of €215,000 - €225,000.

The commercial offering is headlined by a substantial three storey detached office block on Model Farm Road in Cork. Extending to approximately 1,647 Sq. m (17,728 Sq. ft) and offered with the benefit of vacant possession, the property carries a reserve range of €950,000 - €1,050,000. Other highlights include a modern mixed-use investment in Santry comprising a retail unit with 2 x two bedroom apartments overhead reserved at €375,000 - €395,000; an office/storage investment with development potential on Chelmsford Road in Ranelagh reserved at €340,000 - €355,000; and a mid-terrace mixed-use investment in Beaumont, Dublin 9 comprising a four bedroom house and an adjoining motor workshop and carwash facility reserved at €340,000 - €360,000.

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