Allsop Space December Auction Results

Dec 11, 2012, 21:02 PM
Allsop Space's December Auction raises €14.6 million with a success rate of 89% and 91 properties selling under the hammer.

An entire street of 18 retail investment units in Clonmel, Co. Tipperary was the largest lot of the day selling for €920,000 under the hammer. Nine of the units were tenanted with tenants including Specsavers, Elverys and Xtravision. 

All eyes were on Lot 24 - Dartmouth Square, an affluent two acre Georgian Square in Dublin which sold after the auction for €142,000 with a maximum reserve of €140,000. 

Lot 51, an investment building in Dublin 6 sold for €530,000, €35,000 over the maximum reserve. The property was internally arranged to provide eight residential units with a current rent reserved €60,600 per annum. (It is understood that this property was under offer by private treaty two months ago for approximately €30,000 less). 

The first Allsop Space Property Auction of 2013 will take place on Friday, 1st March 2013 at the Shelbourne Hotel from 10:00 am. The catalogue will be available online early next year. 

Experts Area

Who can appoint a Receiver over a Company?
A Receiver is usually appointed by a secured creditor under a Debenture containing a fixed and / or floating charge over all or most of the company's assets. Click here for more information on Receiverships

What are my obligations as a director when I have identified that my company is insolvent?
Seek advice now to ensure you meet the Companies Acts requirements as your actions will be reviewed by the Director of Corporate Enforcement. Click here for more information

What is a Creditors' Voluntary Liquidation or CVL?
A Creditors' Voluntary Liquidation is where a company takes the decision to call a creditors' meeting as the company is insolvent.
Click here
for more information on Creditors' Voluntary Liquidations

An Examinership is a process whereby the protection of the High Court is obtained to assist the survival of a company. Click here for more information on Examinnerships


free updates

Sign up for Free Weekly
updates by newsletter
below. Or get our RSS