A 55-bed hotel, a period house located in Dublin and a period mill residence in Co Carlow are among the properties on offer at the next Allsop/Space auction next month.
The properties are part of the €10.3 million portfolio of buildings on offer at the sale, which will take place at the Shelbourne Hotel in Dublin on March 1st.
The auction includes 100 lots ranging from investment apartments with tenants already in place to industrial units and offices.
About 74 per cent of the properties are residential, and of the 100 listed for sale, 50 per cent are being sold with tenants already in place. The smallest property up for sale is a two-bedroom cottage in Carrigallen, Drumcannon, Co Leitrim, which has a reserve price of €7,500.
AT the other end of the scale is the Sandhouse Hotel in Rossnowlagh, Donegal, which is being sold for €650,000. The 3.2 acre site includes planning permission for 16 apartments and the 55-bedroom hotel, which also has a spa on site.
The four-bedroom mid-terrace period house, located on Dublin's Seville Road, is listed with a reserve of €35,000.
Meanwhile, the mill residence in Rathvilly, Co Carlow, has attracted a reserve of €150,000. Located on the banks of the River Slaney, the 3.1 acre site includes a listed period mill building with mill race and wheel.
Also going under the hammer are a number of sites, including a 189sq m site in Dublin city centre for €20,000, and 39-acre quarry in Co Limerick for €525,000. A converted church building in Duleek, formerly a restaurant, is up for sale for €60,000.
Director of auctions with Space Robert Hoban said the majority of buyers were cash-only, but about 15 per cent were buying with some sort of finance.
"It's reflective of the market," he said. "With the lack of finance available, there's a huge reliance on cash at the moment."
This will be the fifth such auction since April last year, and contains fewer properties than the previous sale in November. The November auction realised €11.5 million.
Attendance is expected to match previous auctions.
"The interest is undiminished in each auction," said Mr Hoban, but noted that many of the spectators had drifted away, leaving only the bidders and buyers to attend.
Only about a quarter of properties sell for around the reserve price, with the remainder typically up to a third over the listed price.
