AMONGST THE HIGH-PROFILE sales in the first half of the day’s business at the latest Allsop Space Auction — two Dublin pubs changed hands, the Permanent TSB building in Sligo found a new owner and three units of a retail park in Tipperary went for just under three-quarters-of-a-million euro.
The Deadman’s Inn, a landmark in the west Dublin suburb of Lucan, was sold for €410,000 — towards the top end of its reserve (set at between 380k and 420k).
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Meanwhile, the Drake Inn – in Finglas, Dublin 11 – went for €620,000, well above the upper limit of its reserve, at €490,000.
[Allsop]
These three retail units at the Cashel Retail Park in Tipperary changed hands for €700,000…
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Meanwhile, the Permanent TSB bank building on Sligo’s O’Connell Street — one of the top-listed properties in today’s brochure — went for €2,400,000, also well above its upper reserve limit of €2m.
[Allsop]
The RDS complex in Dublin’s Ballsbridge was busy this morning as bidders began arriving for the auction before 9am.
The sale is continuing this afternoon, with the final results set to be confirmed at around 6pm.
Auction Director Robert Hoban said it had been a “strong day of sales” so far.
There has been a significant amount of commentary of late about the strength of the property market in Ireland. Today this is borne out in these early results showing hard evidence of that revival.
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