Latest distressed property auction sees €30m worth up for sale
Over €30m worth of distressed property is going under the hammer in Dublin today at the latest Allsop Space auction.
It follows a sit-in protest at the auctioneer’s Dublin office yesterday, after which Allsop signed a declaration not to sell any property which is the subject of a legal dispute between registered owners and banks or receivers.
Among the properties sold so far was the Boylesports building in Dundalk, Co Louth, which went for €1,875,000.
One of today’s 182 lots was a plot of land which sold for €13,000, with all proceeds going towards the LauraLynn Children’s Hospice Foundation.
"You can't measure the feelgood factor from doing something like this," said the former owner, Catherine Harold.
It's a recession at the moment, and everyone's feeling a bit down in the dumps and whatever - but everyone's got something to give."