Houses and land in an unfinished housing estate will for the first time go under the hammer in an Allsop Space auction, to be held next month.
The three houses, which are complete apart from the installation of kitchens and bathrooms, and four acre site at Woodlands Park, Ballyjamesduff, Co Cavan, are being sold as one lot by receivers Kavanagh Fennell with a reserve not exceeding €40,000.
The lot is one of 106 up for sale at the auction at the Shelbourne Hotel, Dublin on May 3rd. The auction is no longer considered a “distressed sale” the company said as some 50 of the properties are being sold on behalf of private individuals, instead of receivers.
Five pubs and hotels, some with prominent city centre locations, are among the lots for sale.
These include Darby O’Gills Hotel, a 43 bedroom property about 4km outside Killarney, Co Kerry, with a reserve price of up to €515,000.
Weirs Pub on Lower Georges Street, Dun Laoghaire, the main street running through the Co Dublin town, is for sale with a reserve of up to €450,000; the Bank pub on O’Connell Street, Limerick, has a reserve no greater than €395,000; and the Coolgreaney Inn near Gorey, Co Wexford has a reserve of up to €220,000.
In Waterford the well-known Shortt’s Bar and Crystal Nightclub is being offered with a tenant paying rent of €60,000 per annum rising to €90,000 over five years.
The reserve price will not exceed €495,000 when it is offered for sale.
