Allsop are bringing over 240 properties to the market for their final auction of 2016, an Online Auction to be held on Tuesday 13 December. The catalogue, which features seven Louth properties, totals more than €37m on reserve. All of the properties can be viewed here.
Three Louth pubs are going under the hammer on the day. The highest reserve has been placed on the former Nolan’s Bar on Cord Road in Drogheda. Comprising a ground floor bar/lounge with residential accommodation overhead, the property is reserved at €190,000 - €200,000. Also going under the virtual hammer is an extensive former public house on Georges Street in Drogheda reserved at €125,000 - €135,000 and the former Shamrock Bar at Seatown Place in Dundalk, which includes three two bedroom apartments overhead, reserved at €125,000 - €135,000.
Other highlights include a substantial mixed-use building on Mayoralty Street in Drogheda which provides office and warehouse accommodation. The property is reserved at €195,000 - €205,000.
Jonathan Fenn, Allsop’s Divisional Director, commented on the launch of the December auction:
“Despite the potential for market uncertainty in a year that has witnessed both a General Election and Brexit, our results to date suggest a healthy investment market. Housing remains in short supply so we expect our December catalogue, which features 182 residential and 60 commercial properties, to draw significant interest.”
“Our Online Auction technology, first introduced to the market in 2015, has proved very popular with a wide range of buyers.
The range of properties that has been sold using the online platform – from income-producing commercial assets to three bedroom family homes – is proof that moving the property transaction process online is a welcome innovation.”