€34m sold at distressed property auction
€34m worth of properties were sold at a distressed property auction today - a €5m increase since Allsop's last auction in February of this year.
155 commercial and residential properties were sold at auction today for a total of €34m.
Highlights included a substantial office investment on the North Circular Road in Dublin which had a reserve just under €6m - it sold for more, at €6.25m.
Nine apartments at Athenry shopping centre in Co Galway had a reserve range of €250,000 – €275,000 and sold for €380,000.
A four-bedroom detached house at Magheracorran, Convoy, Co Donegal, had a reserve of €15,000 and sold for €33,000.
Commercial properties accounted for 60% of overall sales with residential making up the remaining 40%.
